ORDINANCE
NO. 190250
Estimating net revenues of
$448,339.07 and appropriating the same in Fund 3519, the GO Bond 2019 Q1 Fund;
estimating net revenues of $143,136.00 and appropriating the same in Fund 3619,
the GO Bond 2019 Q2 Fund; estimating net revenues of $208,159.43 and
appropriating the same in Fund 3719, the GO Bond 2019 Q3 Fund; designating
requisitioning authority; authorizing the Director of Finance to close project
accounts; and recognizing this ordinance as having an accelerated effective
date.
BE IT ORDAINED BY THE COUNCIL OF
KANSAS CITY:
Section 1. That
revenue of $1,889,500.00 is hereby reduced in Fund 3519, the GO Bond 2019 Q1
Fund, in the following account:
AL-3519-120000-590000 Bond
Proceeds $1,889,500.00
Section 2. That
the revenue in the following accounts of Fund 3519, the GO Bond 2019 Q1 Fund,
is hereby estimated in the following amount:
AL-3519-120000-485100 Premium
on Sale of Bonds $2,337,839.07
Section 3. That
the sum of $448,339.07 is hereby appropriated from the Unappropriated Fund
Balance of Fund No. 3519, the GO Bond 2019 Q1 Fund, to the following accounts:
AL-3519-129620-B Cost
of Issuance $ 128,309.10
AL-3519-129686-B Arbitrage Rebate
Calculation 5,606.56
AL-3519-129631-B Underwriters’
Discount 160,438.44
AL-3519-129632-B Discount on Sale of Bonds
153,984.97
TOTAL
$ 448,339.07
Section 4. That
revenue of $620,826.00 is hereby reduced in Fund 3619, the GO Bond 2019 Q2
Fund, in the following account:
AL-3619-120000-590000
Bond Proceeds $ 620,826.00
Section 5. That the
revenue in the following account of Fund 3619, the GO Bond 2019 Q2 Fund, is
hereby estimated in the following amounts:
AL-3619-120000-485100 Premium
on Sale of Bonds $ 763,962.00
Section 6. That
the sum of $143,136.00 is hereby appropriated from the Unappropriated Fund
Balance of Fund No. 3619, the GO Bond 2019 Q2 Fund, to the following accounts:
AL-3619-129620-B Cost
of Issuance $ 38,536.64
AL-3619-129686-B Arbitrage
Rebate Calculation 1,832.78
AL-3619-129631-B Underwriters’
Discount 52,447.18
AL-3619-129632-B Discount
on Sale of Bonds 50,319.40
TOTAL $
143,136.00
Section 7. That
revenue of $11,858,802.00 is hereby reduced in Fund 3719, the GO Bond 2019 Q3
Fund, in the following account:
AL-3719-120000-590000 Bond Proceeds $11,858,802.00
Section 8. That the revenue in the following accounts of
Fund 3719, the GO Bond 2019 Q3 Fund, is hereby estimated in the following
amounts:
AL-3719-120000-485100 Premium on Sale of Bonds $
1,066,961.43
AL-3719-120000-503720 Transfer from GO Bond 2020 Q3
Fund 11,000,000.00 TOTAL $12,066,961.43
Section 9. That the sum of $208,159.43 is hereby
appropriated from the Unappropriated Fund Balance of Fund No. 3719, the GO Bond
2019 Q3 Fund, to the following accounts:
AL-3719-129620-B Cost
of Issuance $ 62,045.68
AL-3719-129686-B Arbitrage
Rebate Calculation 2,560.66
AL-3719-129631-B Underwriters’
Discount 73,276.21
AL-3719-129632-B Discount
on Sale of Bonds 70,276.88
TOTAL $
208,159.43
Section 10.
That the Director of Finance is hereby designated as requisitioning authority
for Account Nos. AL-3519-129620, AL-3519-129686, AL-3519-129631,
AL-3519-129632, AL-3619-129620, AL-3619-129686, AL-3619-129631, AL-3619-129632,
and AL-3719-129620, AL-3719-129686, AL-3719-129631, and AL-3719-129632.
Section 11. That the
Director of Finance is hereby authorized to close project accounts,
encumbrances, and retainage related to the accounts in Sections 3, 6, and 9,
and return the unspent portion to the Fund Balance from which it came upon the
earliest of: (i) the Project’s completion; (ii) final maturity of financing; or
(iii) five years after issuance.
Section 12.
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:
_____________________________
Katherine Chandler
Assistant City Attorney