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Legislation #: 180708 Introduction Date: 9/13/2018
Type: Ordinance Effective Date: 9/21/2018
Sponsor: None
Title: Reducing revenue estimates in the 2019 General Obligation Bond Fund 3519 in the amount of $2,000,000.00; reducing appropriation in the 2019 General Obligation Bond Fund 3519 in the amount of $2,000,000.00; estimating revenue in the 2019 General Obligation Bond Fund 3619 in the amount of $2,000,000.00; appropriating that amount in the 2019 General Obligation Bond Fund 3619 from the Unappropriated Fund Balance; authorizing the Director of Public Works to enter into a Purchase Agreement with 103 Square, LLC, for the purchase of land in the amount of $1,799,802.36; and recognizing this ordinance as having an accelerated effective date.

Legislation History
DateMinutesDescription
9/12/2018 Filed by the Clerk's office
9/13/2018 Referred to Finance and Governance Committee
9/19/2018 Advance and Do Pass, Debate
9/20/2018 Passed

View Attachments
FileTypeSizeDescription
180708.pdf Authenticated 91K Authentication
180708 Ordinance.pdf Other 71K Ordinance
180708 Aprop Worksheet.pdf Other 13K Appropiation
180708 Option to Purchase .pdf Other 85K Option to Purchase
180708 Fiscal Note.pdf Fiscal Note 15K Fiscal Note
180708 Fact Sheet.pdf Fact Sheet 205K Fact Sheet

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ORDINANCE NO. 180708

 

Reducing revenue estimates in the 2019 General Obligation Bond Fund 3519 in the amount of $2,000,000.00; reducing appropriation in the 2019 General Obligation Bond Fund 3519 in the amount of $2,000,000.00; estimating revenue in the 2019 General Obligation Bond Fund 3619 in the amount of $2,000,000.00; appropriating that amount in the 2019 General Obligation Bond Fund 3619 from the Unappropriated Fund Balance; authorizing the Director of Public Works to enter into a Purchase Agreement with 103 Square, LLC, for the purchase of land in the amount of $1,799,802.36; and recognizing this ordinance as having an accelerated effective date.

 

WHEREAS, Committee Substitute for Ordinance No. 180224, As Amended, established Funds 3519, 3619, and 3719, estimated revenue and designated appropriations in those funds to be made available May 1, 2018, in anticipation of the sale of bonds in Fiscal Year 2019; and

 

WHEREAS, the City received a signed option to purchase land from 103 Square, LLC, on August 29, 2018; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the estimate for revenue in following account in the 2018 General Obligation Bond 3519 Question 1 be reduced by the following amount:

 

AL-3519-120000-590000

Proceeds From Sale of Bonds

$2,000,000.00

 

Section 2. That appropriations in the following account in the 2018 General Obligation Bond 3519 Question 1 be reduced by the following amount:

 

AL-3519-708014-B-70172207

Paseo Gateway

$2,000,000.00

 

Section 3. That the estimate for revenue in the following account in the 2019 General Obligation Bond 3619 Question 2 be increased by the following amount.

 

AL-3619-120000-590000

Proceeds From Sale of Bonds

$2,000,000.00

 

Section 4. That the following amount is hereby appropriated from the Unappropriated Fund Balance of the 2019 General Obligation Bond 3619 Question 2 in the following amount:

 

AL-3619-898607-B-89020383

Indian Creek Right of Way

$2,000,000.00

 

 

 

 

Section 5. That the Director of Public Works is hereby authorized to enter into a Purchase Agreement with 103 Square, LLC, in the amount of $1,799,802.36 for the purchase of two parcels of land near 103rd Street more specifically described as:

 

All of the east 813 feet of that part of the east 1/2 of the northeast 1/4 of section 31, township 48, range 33, lying south of Indian Creek, except part in 103rd Street and part in Wornall Road, all in Kansas City, Jackson County, Missouri, and more particularly described as follows: beginning at the southeast corner of the northeast 1/4 of said section 3; Thence West 813 feet; Thence North to Indian Creek; Thence along Indian Creek in a southeasterly direction to a point directly parallel with the point of beginning; Thence South to the point of beginning.

 

A copy of the Option Agreement is on file with the Public Works Department.

 

Section 6. Authorizing the Director of Public Works to expend up to $2,000,000.00 from Account No. AL-3619-898607-B-89020383, Indian Creek Right of Way, to satisfy the cost of the agreement.

 

Section 7. Authorizing the Director of Public Works to cause the preparation and completion of all closing documentation contemplated by the Purchase Agreement for the benefit and execution by 103 Square, LLC.

 

Section 8. That this ordinance, relating to the design, repair, maintenance or construction of a public improvement, is recognized as an ordinance with an accelerated effective date as provided by Section 503(a)(3)(D) of the City Charter and shall take effect in accordance with Section 503, City Charter.

 

_________________________________________________

 

I hereby certify that there is a balance, otherwise unencumbered to the cred it 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.

 

 

____________________________________

Randal J. Landes

Director of Finance

 

Approved as to form and legality:

 

____________________________________

Dustin E. Johnson

Assistant City Attorney