ORDINANCE NO. 050105

Establishing the Series 2005B Sanitary Sewer Revenue Bond Project Fund (Fund No. 8181); estimating bond proceeds in the amount of $15,737,831.00 in the Series 2005B Sanitary Sewer Revenue Bond Project Fund (Fund No. 8181) and appropriating them; estimating revenue in the Sewer Fund (Fund No. 8110) in the amount of $8,319.00 representing accrued interest; 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. 8181, Series 2005B Sanitary Sewer Revenue Bond Project 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 8181, Series 2005B Sanitary Sewer Revenue Bond Project Fund is hereby estimated in the following amounts:

AL-8181-800000-590000 Proceeds from Sale of Bonds $15,550,001.00

AL-8181-800000-485100 Premium on Bonds Sold 187,830.00

TOTAL $15,737,831.00

Section 3. That the sum of $15,737,831.00 is hereby appropriated from the Unappropriated Fund Balance of the Fund 8181, Series 2005B Sanitary Sewer Revenue Bond Project Fund to the following accounts:

AL-8181-129632-B Original Issue Discount $ 95,221.00

AL-8181-129620-B Bond Issue Expense 182,000.00

AL-8181-129631-B Underwriters Discount on Sale of 92,610.00

Bonds

AL-8181-807790-B Sewers 4,868,000.00

AL-8181-807792-B Design Allowances _500,000.00

TOTAL $15,737,831.00

Section 4. That the revenue in the following account of the Fund 8110, Sewer Fund is hereby estimated in the following amount:

AL-8110-120000-126071 Accrued Interest-Sale of Bonds $ 8,319.00

Section 5. That the Acting Director of Finance is hereby designated as the requisitioning authority for Account Nos. AL-8181-129620, AL-8181-129631 and AL-8181-129632; and the Director of Water Services is hereby designated as the requisitioning authority for Account Nos. AL-8181-807790 and AL-8181-807792.

Section 6. 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.

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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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Wanda Gunter

Acting Director of Finance

Approved as to form and legality:

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Heather A. Brown

Assistant City Attorney