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Legislation #: 170361 Introduction Date: 5/18/2017
Type: Ordinance Effective Date: none
Sponsor: None
Title: Establishing Fund No. 3518, the General Obligation Series 2018A Bond Fund, in the records of the City of Kansas City, Missouri; estimating revenues and appropriations of $44,677,000.00 in Fund No. 3518, the General Obligation Series 2018A Bond Fund; designating requisitioning authority; declaring the City’s intent to reimburse itself for certain expenditures; declaring that one percent of all GO Bond net proceeds shall be dedicated for the creation and construction and installation of works of art; and recognizing this ordinance as having an accelerated effective date.

Legislation History
DateMinutesDescription
5/10/2017 Filed by the Clerk's office
5/18/2017 Referred to F & G and T & I Joint Committee
6/7/2017 Hold On Agenda (6/14/2017)
6/29/2017 Advance and Do Pass as a Committee Substitute, Debate
6/29/2017 Councilmember Shields (Second by Wagner) Move to Amend
6/29/2017 Councilmember Shields (Second by Lucas) Move to Advance
6/29/2017 Passed as Substituted and Amended

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170361.pdf Authenticated 179K Authenticated
ScanDoc453.pdf Fact Sheet 599K Ordinance 170361 Fact Sheet

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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 170361, AS AMENDED

 

Establishing Fund No. 3518, the General Obligation Series 2018A Bond Fund, in the records of the City of Kansas City, Missouri; estimating revenues and appropriations of $44,677,000.00 in Fund No. 3518, the General Obligation Series 2018A Bond Fund; designating requisitioning authority; declaring the City’s intent to reimburse itself for certain expenditures; declaring that one percent of all GO Bond net proceeds shall be dedicated for the creation and construction and installation of works of art; and recognizing this ordinance as having an accelerated effective date.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That Fund No. 3518, the General Obligation Series 2018A Bond Fund, is hereby established in the records of the City of Kansas City, Missouri.

 

Section 2. That the revenue in the following account of the General Obligation Series 2018A Bond Fund, is hereby estimated in the following amount:

 

AL-3518-120000-590000 Bond Proceeds $44,677,000.00

 

Section 3. That the sum of $44,677,000.00 is hereby appropriated from the Unappropriated Fund Balance of the General Obligation Series 2018A Bond Fund to the following account:

 

AL-3518-898012-B-89008573 North Oak Trafficway $1,180,000.00

AL-3518-708012-E-70182903 Maple Woods Parkway 1,700,000.00

AL-3518-707709-B-70168803 Spirit of Freedom Fountain 750,000.00

AL-3518-707709-B-70168805 Delbert Haff Fountain 750,000.00

AL-3518-707773-B-70155505 KC Museum 4,000,000.00

AL-3518-707706-B-70175933 Starlight ADA 1,100,000.00

AL-3518-078027-B-07001111 City Hall - Elevator ADA 750,000.00

AL-3518-708025-B-70185200 Animal Shelter 7,000,000.00

AL-3518-808055-B-89002672 Swope Park Industrial ROW 1,100,000.00

AL-3518-898043-B-89008263 Southwest Quadrant Beacon Hill 3,700,000.00

AL-3518-898404-B-89020329 Marlborough Community

Infrastructure 2,250,000.00

AL-3518-708014-B-70172207 Paseo Gateway 3,500,000.00

AL-3518-898077-B-89060522 Sidewalk Repair-Citywide IDIQ 500,000.00

AL-3518-898077-B-89060524 Sidewalk Repair-Spot Repair

Project A 2,750,000.00

AL-3518-898077-B-89060525 Sidewalk Repair-Spot Repair

Project B 2,750,000.00

AL-3518-898077-B-89060487 Curb Ramps-ADA Corners

Citywide 650,000.00

AL-3518-898077-B-89060526 Curb Ramps-ADA Corners

2 Citywide 850,000.00

AL-3518-897001-B-89008240 Wornall Road, 85th-89th 680,000.00

AL-3518-897702-B-89008538 Beardsley Road Landslide 75,000.00

AL-3518-898013-B-89008009 22nd/23rd Street 1,200,000.00

AL-3518-898037-B-89005559 Paseo Bridge Repairs

(Brush Creek) 600,000.00

AL-3518-898013-B-89008518 135th St from Wornall Rd to

M-150 3,000,000.00

AL-3518-898037-B-89020330 Prospect MAX 2,500,000.00

AL-3518-898044-B-89004764 Broadway Traffic Synchronization 900,000.00

AL-3518-071254-B Municipal Art Commission 442,000.00

TOTAL $44,677,000.00

Section 4. That the Parks and Recreation Director is hereby designated as requisitioning authority for Account Nos. AL-3518-708012, AL-3518-707709, AL-3518-707773, AL-3518-707706, AL-3518-708025, and AL-3518-708014. That the Director of General Services is hereby designated as requisitioning authority for Account No. AL-3518-078027. That the Director of Water Services is hereby designated as requisitioning authority for Account No. AL-3518-808055. That the Director of Public Works is hereby designated as requisitioning authority for Account Nos. AL-3518-898012, AL-3518-898043, AL-3518-898404, AL-3518-898077, AL-3518- 897701, AL-3518-897702, AL-3518-898013, AL-3518-898037 and AL-3518-898044.

 

Section 5. That the City hereby declares its official 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 appropriations listed in Section 3 (collectively the “Projects”) with the proceeds of bonds expected to be issued by the City. The maximum principal amount of bonds expected to be issued for the Projects is not to exceed $44,677,000.00. This constitutes a declaration of official intent under Treasury Regulation Section 1.150-2.

 

Section 6. Authorizing the Director of Finance to receive and deposit into the Public Art Fund contributions, allocations and appropriations for works of art; declaring that one percent of the estimated costs of construction, reconstruction, or remodeling of any municipal building shall be appropriated to the Public Art Fund; and declaring that one percent of all GO Bond net proceeds shall be dedicated for the creation and construction and installation of works of art, to be allocated as follows: one percent of GO bond proceeds issued under each of the three questions voters approved at an election held on April 4, 2017, will be allocated to fund works of art that qualify as projects under each of the three ballot questions, respectively, such that bond proceeds authorized to fund streets, sidewalks and bridges will only be used to fund street, sidewalk and bridge art projects; bond proceeds authorized to fund flood control projects will only be used to fund flood control art projects; and bond proceeds authorized to fund public buildings and structures will only be used to fund art projects at public buildings and structures.

 

Section 7. That the Director of Finance is hereby authorized to close project accounts, open encumbrances and retainage and return the unspent portion of the Fund Balance from which it came upon the earliest of: (i) Project’s completion; (ii) final maturity of financing or (iii) five years after issuance.

 

Section 8.  That this Ordinance is recognized as an ordinance with an accelerated effective date as provided by Section 503(a)(3)(C) 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.

 

 

_____________________________

Randall J. Landes

Director of Finance

 

Approved as to form and legality:

  

 

_____________________________

Sarah Baxter

Assistant City Attorney