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Legislation #: 170133 Introduction Date: 2/16/2017
Type: Ordinance Effective Date: 2/24/2017
Sponsor: None
Title: Estimating revenues and appropriating $35,468,252.20 in Fund No. 8076, the 2017A Water Revenue Project; and recognizing this ordinance as having an accelerated effective date.

Legislation History
DateMinutesDescription
2/16/2017 Filed by the Clerk's office
2/16/2017 Referred to Finance and Governance Committee
2/22/2017 Advance and Do Pass, Debate
2/23/2017 Passed

View Attachments
FileTypeSizeDescription
170133.pdf Authenticated 83K Authenticated
Water Revenue Bonds Series 2017A Project Listing.pdf Other 198K Project Listing for Water Revenue Bonds Series 2017A
170133 Admin Wrksht.pdf Other 38K 170133 Admin Worksheet
170133 Fact Sheet-Water Revenue Bond.pdf Fact Sheet 418K 170133 Fact Sheet-Water Revenue

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ORDINANCE NO. 170133

 

Estimating revenues and appropriating $35,468,252.20 in Fund No. 8076, the 2017A Water Revenue Project; and recognizing this ordinance as having an accelerated effective date.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the revenue in the following accounts of the 2017A Water Revenue Project Fund is hereby estimated in the following amounts:

 

AL-8076-120000-590000 Proceeds from Sale of Bonds $28,130,000.00

AL-8076-120000-485100 Premium on Bonds 7,338,252.20

TOTAL $35,468,252.20

Section 2. That the sum of $35,468,252.20 is hereby appropriated from the Unappropriated Fund Balance of the 2017A Water Revenue Project Fund to the following accounts:

 

AL-8076-807707-B-80BUDGET Water Main Cleaning & Lining $10,500,000.00

AL-8076-807714-B-80BUDGET Chemical Building Renovation 24,361,700.00

AL-8076-129620-B Cost of Issuance 287,500.00

AL-8076-129686-B Arbitrage Rebate Calculation 12,500.00

AL-8076-129632-B Discount on Sale of Bonds 161,925.00

AL-8076-129631-B Underwriters’ Discount 144,627.20

TOTAL $35,468,252.20

 

Section 3. That the Director of the Water Services Department is hereby designated as requisitioning authority for Accounts Nos. AL-8076-807707 and AL-8076-807714.

 

Section 4. That the Director of Finance is hereby designated as requisitioning authority for Account Nos. AL-8076-129620, AL-8076-129686, AL-8076-129631 and AL-8076-129632.

Section 5. That the Director of Finance is hereby authorized to close project accounts upon project completion and return the unspent portion of the appropriation to the Fund Balance from which it came.

 

Section 6. 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