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Legislation #: 080165 Introduction Date: 2/14/2008
Type: Ordinance Effective Date: 2/21/2008
Sponsor: None
Title: Estimating and appropriating $500,000.00 from the anticipated sale of general obligation bonds; authorizing the Director of Parks and Recreation to expend $500,000.00 for the Tree Replacement Planting FY08 project (Project No.70400135); authorizing the Director of Finance to close out accounts at the end of the project; declaring the City’s intent to reimburse itself for certain expenditures; and recognizing an emergency.

Legislation History
DateMinutesDescription
2/12/2008 Filed by the Clerk's office
2/14/2008 Referred to Finance and Audit Committee
2/20/2008 Advance and Do Pass, Debate
2/21/2008 Passed

View Attachments
FileTypeSizeDescription
080165.pdf Authenticated 74K Authenticated
080165.doc Docket Memo 27K Docket Memo
080165A.doc Docket Memo 28K Docket Memo
GOBondTreePlantFiscalNote.xls Fiscal Note 45K GOBondTreePlantFiscalNote
GOBondTreePlantFactSheet.xls Fact Sheet 45K GOBondTreePlantFactSheet
GOBondTreePlantAdminApprop.xls Fiscal Note 323K GOBondTreePlantAdminApprop
DraftTreePlantOrd.doc Request for Ordinance 30K GO Bond Draft Ordinance

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ORDINANCE NO. 080165

 

Estimating and appropriating $500,000.00 from the anticipated sale of general obligation bonds; authorizing the Director of Parks and Recreation to expend $500,000.00 for the Tree Replacement Planting FY08 project (Project No.70400135); authorizing the Director of Finance to close out accounts at the end of the project; declaring the Citys intent to reimburse itself for certain expenditures; and recognizing an emergency.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the revenue in the following account of the 2007 GO Bond Fund is hereby estimated in the following amount:

 

AL-3393-120000-590000 Proceeds from the Sale of Bonds $500,000.00

 

Section 2. That the sum of $500,000.00 is hereby appropriated from the Unappropriated Fund Balance of the 2007 GO Bond Fund to the following accounts:

 

AL-3393-708097-B Tree Replacement Planting FY08 $500,000.00

 

Section 3. That the Director of Parks and Recreation is hereby designated as requisitioning authority for Account No. AL-3393-708097.

 

Section 4. That upon completion of the final cost of this contract, the Director of Finance is hereby authorized to return the unexpended portion of this appropriation to the Unappropriated Fund Balance from which it was derived.

 

Section 5. That the City declares its intent to reimburse itself for certain expenditures made within sixty (60) days prior to or on and after the date of this ordinance with respect to the Tree Replacement Planting FY08 project with the proceeds of the bonds expected to be issued by the City. The maximum principal amount of bonds expected to be issued for Project is $500,000.00. This constitutes a declaration of official intent under Treasury Regulation 1-150-2.

 

Section 6. That this ordinance is recognized as an emergency measure within the provisions of Section 503 of the City Charter in that it appropriates money, and shall take effect in accordance with that section.

 

________________________________________________

 


I hereby certify that there is a balance, otherwise unencumbered, to the credit of the appropriation to which the foregoing expenditure is to be charged, and a cash balance, otherwise unencumbered, in the treasury, to the credit of the fund from which payment is to be made, each sufficient to meet the obligation hereby incurred.

 

 

___________________________________

Wanda Gunter

Acting Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

William Geary

Assistant City Attorney