COMMITTEE SUBSTITUTE
FOR ORDINANCE NO. 060957
Estimating revenue in the amount
of $250,000.00 in the 2006 GO Bond Fund, appropriating it to the City Market
account of the 2006 GO Bond Fund; designating requisitioning authority; and declaring
the intent of the City to reimburse itself for certain expenditures.
BE IT ORDAINED
BY THE COUNCIL OF KANSAS CITY:
Section 1.
That the revenue in the following account of the 2006 GO Bond Fund is hereby
estimated in the following amount:
AL-3392-120000-590000
Proceeds from Sale of Bonds $250,000.00
Section 2. That the sum of $250,000.00 is hereby appropriated from
the Unappropriated Fund Balance of 2006 GO Bond Fund to the following account
in the GO Bond Fund:
AL-3392-648022-B City
Market $250,000.00
Section 3. That
the Director of City Development is hereby designated as requisitioning
authority for Account No. AL-3392-648022-B.
Section 4. That the City declares its intent to reimburse
itself for certain expenditures made within 60 days prior to or on and after
the date of this ordinance with respect to the Project with the proceeds of
bonds expected to be issued by the City. The maximum principal amount of bonds
expected to be issued for the Project is not to exceed $80,000,000.00. This
constitutes a declaration of official intent under Treasury Regulation 1-150-2.
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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.
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Debra R. Hinsvark
Director of Finance
Approved as to form and legality:
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Heather A. Brown
Assistant City Attorney