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Legislation #: 110975 Introduction Date: 12/15/2011
Type: Ordinance Effective Date: 1/15/2012
Sponsor: None
Title: Establishing the 2012A Water Revenue Project Fund; estimating revenues in the amount of $22,500,000.00 in the 2012A Water Revenue Project Fund and appropriating the same; designating requisitioning authority; declaring the City’s intent to reimburse itself from bond proceeds; and recognizing an emergency.

Legislation History
DateMinutesDescription
12/13/2011 Filed by the Clerk's office
12/15/2011 Referred to Transportation & Infrastructure Committee
1/5/2012 Advance and Do Pass, Debate
1/5/2012 Passed

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ORDINANCE NO. 110975

 

 

Establishing the 2012A Water Revenue Project Fund; estimating revenues in the amount of $22,500,000.00 in the 2012A Water Revenue Project Fund and appropriating the same; designating requisitioning authority; declaring the City’s intent to reimburse itself from bond proceeds; and recognizing an emergency.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That Fund No. 8072, 2012A Water Revenue Project 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 Fund No. 8072, 2012A Water Revenue Project Fund, is hereby estimated in the following amount:

 

AL-8072-120000-590000 Proceeds from Sale of Bonds $22,500,000.00

 

Section 3. That the sum of $22,500,000.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 8072, 2012A Water Revenue Project Fund, to the following account:

 

AL-8072-807703-B-611060 Water Main Const/Rehab $22,500,000.00

 

Section 4. That the Director of the Water Services Department is hereby designated as the requisitioning authority for Account No. AL-8072-807703.

 

Section 5. That the City Council hereby declares its intent to reimburse itself for certain expenditures made within sixty (60) days prior to or on or after the date of this ordinance with respect to improvements made from or properly chargeable to the Water Revenue Fund for capital improvements to the City’s water system (the Project) in an amount of bonds not to exceed $22,500,000.00 and expected to be issued for the Project. 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.

 

 

___________________________________

Randall J. Landes

Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Mark P. Jones

Assistant City Attorney