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Legislation #: 061324 Introduction Date: 11/30/2006
Type: Ordinance Effective Date: none
Sponsor: COUNCILMEMBER RILEY AND COUNCILMEMBER SCHUMACHER
Title: Estimating, appropriating, and authorizing the Director of Parks and Recreation to expend $1,500,000.00 for the replacement of seating at the Starlight outdoor theatre; authorizing the Director of Finance to return unexpended appropriations to the appropriate account; declaring the City’s intent to reimburse itself for certain expenditures.

Legislation History
DateMinutesDescription
11/29/2006 Filed by the Clerk's office
11/30/2006 Referred to Finance and Audit Committee
12/13/2006 Advance and Do Pass, Consent
12/14/2006 Passed

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061324.pdf Authenticated 90K Authenticated

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ORDINANCE NO. 061324

 

Estimating, appropriating, and authorizing the Director of Parks and Recreation to expend $1,500,000.00 for the replacement of seating at the Starlight outdoor theatre; authorizing the Director of Finance to return unexpended appropriations to the appropriate account; declaring the Citys intent 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 $1,500,000.00

Section 2. That the sum of $1,500,000.00 is hereby appropriated from the Unappropriated Fund Balance of the 2006 GO Bond Fund to the following account: 

AL-3392-708709-B Starlight Theatre $1,500,000.00

Section 3. That the Director of Parks and Recreation is hereby designated as requisitioning authority for Account No. AL-3392-708709.

Section 4. That upon completion of the final costs of this contract, the Director of Finance is hereby authorized to return the unexpended portion of this appropriation to the Unappropriated Fund Balance from which it was derived. 

Section 5. That the City declares its intent to reimburse itself for certain expenditures made within sixty (60) days prior to or on and after the date of this ordinance with respect to the Starlight Theatre ("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. 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:

 

 

___________________________________

Kathy Adams

Assistant City Attorney