KC Skyline

City Clerk Web Search

Search the Ordinances:

Legislation #: 061030 Introduction Date: 9/21/2006
Type: Ordinance Effective Date: none
Sponsor: None
Title: Authorizing the Director of Finance to accept the proposal of Koch Financial Corporation to finance the acquisition and implementation of the Backup Network/Data Center to be used by the Information Technology Department, in an approximate principal amount not to exceed $2,880,819.00; executing any and all documents and agreements necessary for the financing under a Master Lease Purchase Agreement; estimating and appropriating lease proceeds in the amount of $2,880,819.00; estimating and reappropriating transferred appropriations for fiscal year 2007 debt service in the amount of $238,922.00; declaring the intent of the City to reimburse itself from the lease purchase proceeds for certain expenditures; authorizing the Director of Finance to close project accounts upon project completion; designating requisitioning authorities; and recognizing an emergency.

Legislation History
DateMinutesDescription
9/20/2006 Filed by the Clerk's office
9/21/2006 Referred to Finance and Audit Committee
9/27/2006 Advance and Do Pass, Debate
9/28/2006 Passed

View Attachments
FileTypeSizeDescription
061030.pdf Authenticated 138K Authenticated
Approp _ Admin BNDC e_a v1.xls Other 648K Backup Network Data Center Approp & Admin
ordinance fact sheet-BNCD v4.xls Fact Sheet 39K Backup Network Data Center Fact Sheet
fiscal notes for fact sheet-BNDC ver1.xls Fiscal Note 43K Backup Network Data Center Fiscal Note

Printer Friendly Version

ORDINANCE NO. 061030

 

Authorizing the Director of Finance to accept the proposal of Koch Financial Corporation to finance the acquisition and implementation of the Backup Network/Data Center to be used by the Information Technology Department, in an approximate principal amount not to exceed $2,880,819.00; executing any and all documents and agreements necessary for the financing under a Master Lease Purchase Agreement; estimating and appropriating lease proceeds in the amount of $2,880,819.00; estimating and reappropriating transferred appropriations for fiscal year 2007 debt service in the amount of $238,922.00; declaring the intent of the City to reimburse itself from the lease purchase proceeds for certain expenditures; authorizing the Director of Finance to close project accounts upon project completion; designating requisitioning authorities; and recognizing an emergency.

WHEREAS, the Information Technology Department requires the acquisition and implementation of the Backup Network/Data Center (the Project) for the efficient execution of its responsibilities; and

WHEREAS, the purchase of the Project can be financed by a Master Lease Purchase Agreement; the payment of which will be made by appropriations in the Equipment Lease Debt Service Fund over a period of seven (7) years; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the Director of Finance is authorized to accept the proposal of Koch Financial Corporation for financing the acquisition of the Project through a draw upon the Master Lease Purchase Agreement in an approximate principal amount not to exceed $2,880,819.00.

Section 2. That the Director of Finance is authorized to execute, deliver and file in the name of the City, the Master Lease Purchase Agreement and any and all documents and agreements necessary to complete such financing.

Section 3. That the revenue in the following account of Fund No. 3230, the Equipment Lease Capital Acquisition Fund, is hereby estimated in the following amount: 

AL-3230-120000-583000 Reimbursement from Bank or Lease Co. $2,880,819.00

Section 4. That the sum of $2,880,819.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 3230, the Equipment Lease Capital Acquisition Fund, to the following accounts:

AL-3230-189760-B Backup Network/Data Center $ 310,801.00

AL-3230-189760-E Backup Network/Data Center 2,570,018.00

TOTAL $2,880,819.00


Section 5. That the appropriation in the following account of the Information Technology Department Working Capital Fund No. 7150 is hereby reduced in the following account in the following amount:

07-7150-181991-B Reimbursement Telephones $ 238,922.00

Section 6. That the sum of $238,922.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 7150, the Information Technology Department Working Capital Fund, to the following accounts:

07-7150-129998-X Transfer to Fund No. 5230 $ 238,922.00

Section 7. That the revenue in the following account of Fund No. 5230, the Equipment Lease Debt Service Fund, is hereby estimated in the following amount:

07-5230-120000-507150 Transfer from Fund No. 7150 $ 238,922.00

Section 8. That the sum of $238,922 is hereby appropriated from the Unappropriated Fund Balance of Fund Number 5230, the Equipment Lease Debt Service Fund, to the following account:

 

07-5230-129794- G 07 Ls Purchase Backup Data Center $ 238,922.00

Section 9. That the Director of Information Technology is hereby designated as requisitioning authority for Account Nos. AL-3230-189760B and AL-3230-189760-E, and the Director of Finance is hereby designated as requisitioning authority for Account Nos. 07-7150-129998-X, and 07-5230-129794-G.

Section 10. That the Director of Finance is hereby authorized to close the project accounts upon project completion and return the unspent portion of the appropriation to the Fund Balance from which it came.

Section 11. That the City hereby declares its official intent to reimburse itself for certain expenditures made within 60 days prior to or on and after the date of this ordinance with respect to the Project with the proceeds of the lease purchase expected to be drawn by the City upon the master lease purchase agreements. The maximum principal amount expected to be financed under this lease purchase is $2,880,819.00. This constitutes a declaration of official intent under Treasury Regulation 1.150-2.

Section 12. That the ordinance is recognized as an emergency measure within the provisions of Section 503(a), Article V of the Charter of Kansas City, 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.

  

 

___________________________________

Debra R. Hinsvark

Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Heather Brown

Assistant City Attorney