KC Skyline

City Clerk Web Search

Search the Ordinances:

Legislation #: 051273 Introduction Date: 10/13/2005
Type: Ordinance Effective Date: none
Sponsor: None
Title: Repealing Section 1 and Section 2 of Ordinance 050515; reducing the revenue and appropriations in Fund Nos. 3405 and 3406; establishing Fund Nos. 3410 and 3411; closing Fund No. 3405; renaming Fund No. 3406; reestimating revenues in the total amount of $60,000,000.00 and reappropriating $60,000,000.00; authorizing the Director of Finance to transfer revenue collections, expenditures, and encumbrances between Fund Nos. 3405, 3406, 3410, 3411, and 5050; designating requisitioning authority; and recognizing an emergency.

Legislation History
DateMinutesDescription
10/13/2005 Filed by the Clerk's office
10/13/2005 Referred to Finance Committee
10/19/2005 Advance and Do Pass as a Committee Substitute, Debate
10/20/2005 Passed as Substituted

View Attachments
FileTypeSizeDescription
051273.pdf Authenticated 143K Authenticated
Arena Approp _ Admin.xls Other 323K Approp and Admin Worksheet
Arena Fiscal Note.xls Fiscal Note 31K Fiscal Note
Arena Fact Sheet.xls Fact Sheet 62K Fact Sheet

Printer Friendly Version

COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 051273

 

Repealing Section 1 and Section 2 of Ordinance 050515; reducing the revenue and appropriations in Fund Nos. 3405 and 3406; establishing Fund Nos. 3410 and 3411; closing Fund No. 3405; renaming Fund No. 3406; reestimating revenues in the total amount of $60,000,000.00 and reappropriating $60,000,000.00; authorizing the Director of Finance to transfer revenue collections, expenditures, and encumbrances between Fund Nos. 3405, 3406, 3410, 3411, and 5050; designating requisitioning authority; and recognizing an emergency.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That Section 2 of Ordinance 050515, passed on April 28, 2005, is repealed.

 

Section 2. That the revenue in the following account of Fund No. 3405, formerly Kansas City Downtown Arena Project, Series C, is reduced by the following amount:

 

AL-3405-120000-590000 Proceeds from the Sale of Bonds $41,530,500.00

 

Section 3. That the appropriation in the following accounts of Fund No. 3405, formerly Kansas City Downtown Arena Project, Series D, are reduced by the following amounts:

 

AL-3405-897229-B

Arena Improvement

$19,530,500.00

AL-3405-897770-B

Downtown Arena

22,000,000.00

 

TOTAL

$41,530,500.00

 

Section 4. That Fund No. 3410, Kansas City Downtown Arena Project, Series C, is hereby established in the records of the City of Kansas City, Missouri.

 

Section 5. That the revenue estimate in the following account of Fund No. 3410, Kansas City Downtown Arena Project, Series C, is estimated in the following amount:

 

AL-3410-120000-590000 Proceeds from the Sale of Bonds $41,530,500.00

 

Section 6. That $41,530,500.00 is appropriated from the Unappropriated Fund Balance of Fund No. 3410, Kansas City Downtown Arena Project, Series C, to the following account in the following amount:

 

AL-3410-897770-B

Arena Improvement

$41,530,500.00

 

Section 7. That the Director of Finance is authorized to transfer existing revenue collections, encumbrances, and expenditures in Fund No. 3405, formerly Kansas City Downtown Arena Project, Series C, and Fund No. 5050, Downtown Arena Debt Fund, to the proper accounts in Fund No. 3410, Kansas City Downtown Arena Project, Series C, in order to achieve correct allocation of expenditures between Kansas City Downtown Arena Project Series C and D Bonds.

 

Section 8. That the Director of Finance is authorized to close out Fund No. 3405, Kansas City Downtown Arena Project, Series C, and transfer all available cash balances to Fund No. 3410, Kansas City Downtown Arena Project, Series C.

 

Section 9. That Section 1 of Ordinance 050515, passed on April 28, 2005, is repealed.

 

Section 10. That the revenue in the following account of Fund No. 3406, formerly Kansas City Downtown Arena Project, Series D, is reduced by the following amount:

 

AL-3406-120000-590000 Proceeds from the Sale of Bonds $18,469,500.00

 

Section 11. That the appropriation in the following account of Fund No. 3406, Kansas City Downtown Arena Project, Series D, is reduced by the following amount:

 

AL-3406-897229-B

Arena Improvement

$18,469,500.00

 

Section 12. That Fund No. 3411, Kansas City Downtown Arena Project, Series D, is hereby established in the records of the City of Kansas City, Missouri.

 

Section 13. That revenue in the following account of Fund No. 3411, Kansas City Downtown Arena Project, Series D, is estimated in the following amount:

 

AL-3411-120000-590000 Proceeds from the Sale of Bonds $18,469,500.00

 

Section 14. That $18,469,500.00 is appropriated from the Unappropriated Fund Balance of Fund No. 3411, Kansas City Downtown Arena Project, Series D, to the following account in the following amount:

 

AL-3411-897770-B

Arena Improvement

$18,469,500.00

 

Section 15. That the Director of Finance is authorized to transfer existing revenue collections, encumbrances, and expenditures in Fund 3406, formerly Kansas City Downtown Arena Project, Series D, and Fund No. 5050, Downtown Arena Debt Fund, to the proper accounts in Fund 3411, Kansas City Downtown Arena Project, Series D, in order to achieve correct allocation of expenditures between Kansas City Downtown Arena Project Series C and D Bonds.

 

Section 16. That Fund No. 3406 is renamed to KCMAC Series 2005A Bartle Hall Refunding 1995A Fund.

 

Section 17. That the City Manager is designated as requisitioning authority for Account Nos. AL-3410-897770-B and AL-3411-897770-B.

 

Section 18. That the Director of Finance is 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 19. This ordinance is recognized as an emergency measure within the provisions of Section 15, Article II, of the Charter of Kansas City, 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.

 

 

___________________________________

Wanda Gunter

Acting Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Heather A. Brown

Assistant City Attorney