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Legislation #: 070007 Introduction Date: 1/4/2007
Type: Ordinance Effective Date: none
Sponsor: None
Title: Estimating additional revenues in the amount of $6,444,445.00 and appropriating same for debt repayments; reducing estimated revenues and appropriations in the amount of $1,503,775.00 as ordained by Ordinance No. 061069 all in the American Airlines Special Facility Fund; reducing estimated revenues as ordained by Ordinance No. 061069 and estimating revenues in the amount of $1,503,775.00 all in the Equipment Lease Debt Fund.

Legislation History
DateMinutesDescription
12/27/2006 Filed by the Clerk's office
1/4/2007 Referred to Aviation Committee
1/17/2007 Do Pass
1/18/2007 Assigned to Third Read Calendar
1/25/2007 Passed

View Attachments
FileTypeSizeDescription
070007.pdf Authenticated 106K Authenticated
Ordinance - E_A.xls Other 623K Estimate and Appropriate
Ordinance - Fiscal Notes.xls Fiscal Note 25K Fiscal Notes
Ordinance - Fact Sheets.xls Fact Sheet 66K Fact Sheet

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ORDINANCE NO. 070007

 

Estimating additional revenues in the amount of $6,444,445.00 and appropriating same for debt repayments; reducing estimated revenues and appropriations in the amount of $1,503,775.00 as ordained by Ordinance No. 061069 all in the American Airlines Special Facility Fund; reducing estimated revenues as ordained by Ordinance No. 061069 and estimating revenues in the amount of $1,503,775.00 all in the Equipment Lease Debt Fund.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That additional revenue in the amount of $6,444,445.00 is hereby estimated in the following accounts of Special Facility Fund, No. 8650:

 

AL-8650-620000-451110 Proceeds from CID Sales Tax $1,000,000.00

AL-8650-620000-470310 Proceeds from Airline Lease Pmts 1,000,000.00

AL-8650-620000-480440 Contr - MDFB Tax Credits 4,444,445.00

TOTAL $6,444,445.00

 

Section 2. That $6,444,445.00 is hereby appropriated from the Unappropriated Fund Balance of the Special Facility Fund, No. 8650 to the following accounts:

 

AL-8650-629600-G Interest Expense on Bonds $6,382,445.00

AL-8650-629600-G Principal Retirement 60,000.00

AL-8650-629600-G Fiscal Agent Fees 2,000.00

TOTAL $6,444,445.00

 

Section 3. That estimated revenue in the following account of the Special Facilities Fund is reduced by the following amount:

 

AL-8650-120000-480440 Contr MDFB Tax Credits $1,503,775.00

 

Section 4. That appropriations in the following account of the Special Facilities Fund is reduced by the following amount:

 

AL-8650-129998-X Transfer to Equipment Lease Fund $1,503,775.00

 

Section 5. That revenue in the following account of the Equipment Lease Fund is hereby reduced by the following amount:

 

07-5230-120000-508650 Transfer from Special Facilities $1,503,775.00

 


Section 6. That the revenue in the following account of the Equipment Lease Debt Fund is estimated in the following account:

 

07-5230-120000-466150 Contribution for Contingent Debt $1,503,775.00

 

Section 7. That the Director of Aviation is hereby designated requisitioning authority for Account No. AL-8650-629600; and that the Director of Finance is hereby designated as requisitioning authority for Account No. 07-5230-120000.

 

_____________________________________________

 

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:

 

 

___________________________________

Dorothy L. Campbell

Assistant City Attorney