ORDINANCE NO. 980333
the Director of Finance to execute any and all documents and agreements
necessary for the financing of energy related improvements for City-owned
facilities of the Convention and Entertainment Centers Department under a
Master Lease Purchase Agreement; estimating revenue in the sum of $8,400,000.00
and appropriating it for energy related improvements; designating
requisitioning authority; and recognizing an emergency.
IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
1. That the Director of Finance is authorized to accept the proposal of G.E.
Capital Public Finance, Inc., for financing energy related capital equipment
through a lease purchase agreement and the Director of Finance is authorized to
execute, in the name of the City, any and all documents and agreements
necessary to complete such financing.
2. That the revenue in the following account of the Equipment Lease Capital
Acquisition Fund is hereby estimated in the following amount:
from Bank or Lease Co. $8,400,000.00
3. That the sum of $8,400,000.00 is hereby appropriated from the
Unappropriated Fund Balance of the Equipment Lease Capital Acquisition Fund:
Improvements Lease Purchase $8,400,000.00
4. That the Director of the Convention and Entertainment Centers Department is
hereby designated as the requisitioning authority for Account No.
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
as to form and legality: