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.

__________________________________________

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.

  ___________________________________

Debra R. Hinsvark

Director of Finance

Approved as to form and legality:

___________________________________

Heather A. Brown

Assistant City Attorney