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Legislation #: 041296 Introduction Date: 11/18/2004
Type: Ordinance Effective Date: none
Sponsor: None
Title: Establishing the KCMAC Series 2004A-Bartle Hall Expansion Fund, KCMAC Series 2004B-Prospect North Fund, KCMAC Series 2004B-Tow Lot Fund, KCMAC Series 2004B-Bartle Hall Expansion Taxable Bonds Fund, 2004B-Bartle Hall Expansion Tax Exempt Fund and KCMAC Series 2005A- Bartle Hall Refunding Series 1995A Fund; estimating revenues in the amount of $80,885,000.00, $2,405,000.00, $755,000.00, $850,001.00, $6,411,041.00, $20,610,000.00 in KCMAC Series 2004A-Bartle Hall Expansion Fund, KCMAC Series 2004B-Prospect North Fund, KCMAC Series 2004B-Tow Lot Fund, KCMAC Series 2004B-Bartle Hall Expansion Taxable Fund, KCMAC 2004B-Bartle Hall Expansion Tax-Exempt Fund and KCMAC Series 2005A-Bartle Hall Refunding Series 1995A Fund, respectively; and appropriating same to the appropriate accounts; appropriating debt service payments for fiscal year 2004-05; designating requisitioning authorities; and authorizing the Director of Finance to close project accounts upon completion.

Legislation History
DateMinutesDescription
11/17/2004 Filed by the Clerk's office
11/18/2004 Referred to Finance Committee
11/22/2004 Advance and Do Pass, Debate
11/23/2004 Passed

View Attachments
FileTypeSizeDescription
041296.pdf Authenticated 292K Authenticated
Approp and Admin v1.xls Other 1400K Approp and Admin form
factsheet attach.xls Other 14K attachment to fact sheet
E_A Ordinance Fact Sheet.xls Fact Sheet 51K fact sheet
fiscal notes-KCMAC Bartle Hall, Prospect North and Tow Lot.xls Fiscal Note 35K fiscal note

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ORDINANCE NO. 041296

 

Establishing the KCMAC Series 2004A-Bartle Hall Expansion Fund, KCMAC Series 2004B-Prospect North Fund, KCMAC Series 2004B-Tow Lot Fund, KCMAC Series 2004B-Bartle Hall Expansion Taxable Bonds Fund, 2004B-Bartle Hall Expansion Tax Exempt Fund and KCMAC Series 2005A- Bartle Hall Refunding Series 1995A Fund; estimating revenues in the amount of $80,885,000.00, $2,405,000.00, $755,000.00, $850,001.00, $6,411,041.00, $20,610,000.00 in KCMAC Series 2004A-Bartle Hall Expansion Fund, KCMAC Series 2004B-Prospect North Fund, KCMAC Series 2004B-Tow Lot Fund, KCMAC Series 2004B-Bartle Hall Expansion Taxable Fund, KCMAC 2004B-Bartle Hall Expansion Tax-Exempt Fund and KCMAC Series 2005A-Bartle Hall Refunding Series 1995A Fund, respectively; and appropriating same to the appropriate accounts; appropriating debt service payments for fiscal year 2004-05; designating requisitioning authorities; and authorizing the Director of Finance to close project accounts upon completion.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Fund No. 3401, KCMAC Series 2004A Bartle Hall Expansion Fund is hereby established in the records of the City of Kansas City, Missouri.

 

Section 2. That the revenue in the following accounts of the Fund No. 3401 KCMAC Series 2004A Bartle Hall Expansion Fund is hereby estimated in the following amounts:

 

AL-3401-120000-590000 Proceeds from Sale of Bonds $80,885,000.00

Section 3. That the sum of $80,885,000.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 3401, the KCMAC Series 2004A Bartle Hall Expansion Fund to the following accounts:

 

AL-3401-129620-B Bond Issue Expense $ 1,270,207.00

AL-3401-129631-B Underwriter Discount 146,356.00

AL-3401-897240-B Bartle Hall Expansion 70,851,769.00

AL-3401-129686-B Arbitrage Rebate Calculation 15,000.00

AL-3401-129998-905370 Transfer to Convention and Sports

Complex Fund 8,601,668.00

TOTAL $80,885,000.00

 

Section 4. That the revenue in the following account of Fund No. 5370, the Convention and Sports Complex Fund is hereby estimated in the following amount:

 

AL-5370-120000-503401 Transfer from KCMAC Series 2004A

Bartle Hall Expansion $ 8,601,668.00

 


Section 5. That the Fund No. 3402, KCMAC Series 2004B-Prospect North Fund is hereby established in the records of the City of Kansas City, Missouri.

 

Section 6. That the revenue in the following accounts of Fund No. 3402 the KCMAC Series 2004B-Prospect North Fund is hereby estimated in the following amounts:

 

AL-3402-120000-590000 Proceeds from Sale of Bonds $ 2,405,000.00

 

Section 7. That the sum of $ 2,405,000.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 3402 the KCMAC Series 2004B-Prospect North Fund to the following accounts:

 

AL-3402-129620-B Bond Issue Expense $ 26,821.00

AL-3402-129631-B Underwriter Discount 8,607.00

AL-3402-129632-B Original Issue Discount 29,442.00

AL-3402-897141-B Prospect North 2,335,393.00

AL-3402-129998-903400 Transfer to Fund 3400 Bartle Hall

Series 2004B 4,737.00

TOTAL $ 2,405,000.00

 

Section 8. That the appropriation in the following account of Fund No.3090, the Capital Improvements Fund is hereby reduced by the following amount:

 

05-3090-897226-X KCMAC/Zona Rosa/Prospect/Fairyland $ 43,479.00

 

Section 9. That the sum of $43,479.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 3090, the Capital Improvements Fund to the following account:

 

05-3090-129998-905230 Transfer to Eq. Lease Debt Service Fund $ 43,479.00

 

Section 10. That the revenue in the following account of Fund No.5230, the Equipment Lease Debt Service Fund is hereby estimated in the following amount:

 

05-5230-120000-503090 Transfer from Capital Improvements Fund $ 43,479.00

 

Section 11. That the sum of $43,479.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 5230, the Equipment Lease Debt Service Fund to the following account:

 

05-5230-129758-B Debt Service KCMAC Series 2004B-

Prospect North $ 43,479.00

 

Section 12. That the Fund No. 3403, KCMAC Series 2004B-Tow Lot Fund is hereby established in the records of the City of Kansas City, Missouri.

 

Section 13. That the revenue in the following accounts of Fund No. 3403 the KCMAC Series 2004B-Tow Lot Fund is hereby estimated in the following amounts:

 

AL-3403-120000-590000 Proceeds from Sale of Bonds $ 5,755,000.00

 

Section 14. That the sum of $5,755,000.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 3403, the KCMAC Series 2004B-Tow Lot Fund to the following accounts:

 

AL-3403-129620-B Bond Issue Expense $ 60,444.00

AL-3403-129631-B Underwriter Discount 20,595.00

AL-3403-129632-B Original Issue Discount 69,743.00

AL-3403-577502-B Tow Lot Project 5,601,923.00

AL-3403-129998-903400 Transfer to Bartle Hall Series 2004B 2,295.00

TOTAL $ 5,755,000.00

 

Section 15. That the appropriation in the following account of Fund No.1000, the General Fund is hereby reduced by the following amount:

 

05-1000-579703-G Loan Payment $ 99,404.00

 

Section 16. That the sum of $99,404.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No.1000, the General Fund to the following account:

 

05-1000-129998-905230 Transfer to Eq. Lease Debt Service Fund $ 99,404.00

 

Section 17. That the revenue in the following account of Fund No. 5230 of the Equipment Lease Debt Service Fund is hereby estimated in the following amount:

 

05-5230-120000-501000 Transfer from the General Fund $ 99,404.00

 

Section 18. That the sum of $99,404.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 5230, the Equipment Lease Debt Service Fund to the following account:

 

05-5230-129757-B Debt Service KCMAC Series 2004B-

Tow Lot $ 99,404.00

 

Section 19. That the Fund No. 3404, KCMAC Series 2004B-Bartle Hall Expansion Taxable Fund is hereby established in the records of the City of Kansas City, Missouri.

 

Section 20. That the revenue in the following accounts of Fund No. 3404 the KCMAC Series 2004B-Bartle Hall Expansion Taxable Fund is hereby estimated in the following amounts:

 

AL-3404-12000-590000 Proceeds from Sale of Bonds $ 850,001.00

 

Section 21. That the sum of $850,001.00 is hereby appropriated from the Unappropriated Fund Balance Fund No.3404 of the KCMAC Series 2004B Bartle Hall Expansion Taxable Fund to the following accounts:

AL-3404-129620-B Bond Issue Expense $ 9,774.00

AL-3404-129631-B Underwriter Discount 4,742 .00

AL-3404-897240-B Bartle Hall Expansion 831,400.00

AL-3404-129998-903400 Transfer to Bartle Hall Series 2004B 4,085.00

TOTAL $ 850,001.00

 

Section 22. That the Fund No. 3400, KCMAC Series 2004B-Bartle Hall Expansion Tax-Exempt Fund is hereby established in the records of the City of Kansas City, Missouri.

 

Section 23. That the revenue in the following accounts of Fund No. 3400, the KCMAC Series 2004B Bartle Hall Expansion Tax-Exempt Fund is hereby estimated in the following amounts:

 

AL-3400-120000-590000 Proceeds from Sale of Bonds $ 6,411,041.00

AL-3400-120000-503402 Transfer from Prospect North 4,737.00

AL-3400-120000-503403 Transfer from Tow Lot 2,295.00

AL-3400-120000-503404 Transfer from Bartle Hall Taxable 4,085.00

TOTAL $ 6,422,158.00

 

Section 24. That the sum of $6,422,158.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 3400 of the KCMAC Series 2004B Bartle Hall Expansion Tax-Exempt Fund to the following accounts:

 

AL-3400-129620-B Bond Issue Expense $ 1,113,144.00

AL-3400-129631-B Underwriter Discount 391,526.00

AL-3400-897240-B Bartle Hall Expansion 2,907,487.00

AL-3400-129686-B Rebate Calculation Expense 10,001.00

AL-3400-129998-905370 Transfer to Convention and Sports

Complex Fund 2,000,000.00

$ 6,422,158.00

 

Section 25. That the revenue in the following accounts of Fund No. 5370, the Convention and Sports Complex Fund is hereby estimated in the following amounts:

 

AL-5370-120000-503400 Transfer from KCMAC 2004B Bartle Hall

Expansion Tax-Exempt Fund $ 2,000,000.00

 

Section 26. That the Fund No. 3406, KCMAC Series 2005A-Bartle Hall Refunding 1995A Fund is hereby established in the records of the City of Kansas City, Missouri.

 

Section 27. That the appropriation in the following account of Fund No.3940, the KCMAC Bartle Hall Refunding Bonds 1995A Fund is hereby reduced by the following amount:

 

AL-3940-129611-B Debt Service Reserve $ 3,390,612.00

 

Section 28. That the sum of $3,468,669.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 3940, the KCMAC Bartle Hall Refunding Bonds 1995A Fund to the following accounts:

 

AL-3940-129998-903406 Trf to KCMAC Series 2005A $ 3,468,669.00

 

Section 29. That the sum of $18,791.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 5370, the Convention and Sports Complex Fund to the following accounts:

 

05-5370-129998-903406 Trf to KCMAC Series 2005A $ 18,791.00

Section 30. That the revenue in the following accounts of Fund No. 3406 ,the KCMAC Series 2005A Bartle Hall Refunding 1995A Fund is hereby estimated in the following amounts:

 

AL-3406-120000-590000 Proceeds from Sale of Bonds $20,610,000.00

AL-3406-120000-503940 Transfer from Fund 3940 KCMAC 1995A 3,468,669.00

AL-3406-120000-505370 Transfer from Fund 5370 Conv. & Sprts

Complex Fund 18,791.00

TOTAL $24,097,460.00

 

Section 31. That the sum of $24,097,460.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 3406 KCMAC Series 2005A Bartle Hall Refunding 1995A Fund to the following accounts:

 

AL-3406-129620-B Bond Issue Expense $ 322,285.00

AL-3406-129631-B Underwriter Discount 42,657.00

AL-3406-129681-B Defeasance of Series KCMAC Series

1995A 23,732,518.00

TOTAL $24,097,460.00

 

Section 32. That the sum of $1,262,786.00 is hereby appropriated from the Unappropriated Fund Balance of the Convention and Sports Complex Fund to the following account:

 

05-5370-129610-G Bartle Hall Expansion $1,262,786.00

 

Section 33. That the Director of Finance is hereby designated as requisitioning authority for Account Nos. AL-3401-129620-B, AL-3401-129631-B, AL, AL-3401-129686-B, AL-3401-129998-905370, AL-3402-129620-B, AL-3402-129631-B, AL-3402-129632-B, AL-3402-129998-903400, 05-3090-129998-905230, 05-5230-129758-B, AL-3403-129620-B, AL-3403-129631-B, AL-3403-129632-B, AL-3403-129998-903400, 05-1000-129998-905230, 05-5230-129757-B, AL-3404-129620-B, AL-3404-129631-B, AL-3404-129998-903400, AL-3400-129620-B, AL-3400-129631-B, AL-3400-129686-B, AL-3400-129998-905370, AL-3940-129998-903406, 05-5370-129998-903406, AL-3406-129620-B, AL-3406-129631-B, AL-3406-129681-B and 05-5370-129610-G, that Director of Public Works is hereby designated requisitioning authority for Account Nos. AL-3401-897240-B, AL-3402-897141-B, and AL-3404-897240-B, and that the Director of Neighborhood and Community Services is hereby designated requisitioning authority for Account No. AL-3403-577502-B.

 

Section 34. That the Director of Finance is hereby authorized to close project accounts upon project completion and return the unspent portion of the appropriation to the Fund Balance from which it came.

 

______________________________________________________

I hereby certify that there is a balance, otherwise unencumbered, to the credit of the appropriation to which the foregoing expenditures are 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