KC Skyline

City Clerk Web Search

Search the Ordinances:

Legislation #: 190175 Introduction Date: 2/21/2019
Type: Ordinance Effective Date: 5/1/2019
Sponsor: None
Title: Establishing Fund No. 3520, the General Obligation Series 2020A Question 1 Bond Fund in the records of the City of Kansas City, Missouri; estimating and appropriating $24,019,600.00 from the Unappropriated Fund Balance of the General Obligation Series 2020A Question 1 Bond Fund; establishing Fund No. 3620, the General Obligation Series 2020A Question 2 Bond Fund in the records of the City of Kansas City, Missouri; estimating and appropriating $12,970,826.00 from the Unappropriated Fund Balance of the General Obligation Series 2020A Question 2 Bond Fund; establishing Fund No. 3720, the General Obligation Series 2020A Question 3 Bond Fund in the records of the City of Kansas City, Missouri; estimating and appropriating $12,400,000.00 from the Unappropriated Fund Balance of the General Obligation Series 2020A Question 3 Bond Fund; designating requisitioning authorities; declaring the intent of the City to reimburse itself from the bond proceeds for certain expenditures; authorizing the Director of Finance to close project accounts; and establishing the effective date of this ordinance.

Legislation History
DateMinutesDescription
2/21/2019 Filed by the Clerk's office
2/21/2019 Referred to Finance and Governance Committee
2/27/2019 Hold On Agenda (3/6/2019)
3/6/2019 Hold On Agenda (3/20/2019)
3/20/2019 Advance and Do Pass as Second Committee Substitute, Debate
3/21/2019 Passed as Substituted

View Attachments
FileTypeSizeDescription
190175.pdf Authenticated 151K Authentication
2020 GO Bond Approp Admin.xlsx Other 41K Admin Worksheet
2020 GO Bond Fact Sheet.xlsx Fact Sheet 23K Bond Fact Sheet

Printer Friendly Version

SECOND COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 190175

 

Establishing Fund No. 3520, the General Obligation Series 2020A Question 1 Bond Fund in the records of the City of Kansas City, Missouri; estimating and appropriating $24,019,600.00 from the Unappropriated Fund Balance of the General Obligation Series 2020A Question 1 Bond Fund; establishing Fund No. 3620, the General Obligation Series 2020A Question 2 Bond Fund in the records of the City of Kansas City, Missouri; estimating and appropriating $12,970,826.00 from the Unappropriated Fund Balance of the General Obligation Series 2020A Question 2 Bond Fund; establishing Fund No. 3720, the General Obligation Series 2020A Question 3 Bond Fund in the records of the City of Kansas City, Missouri; estimating and appropriating $12,400,000.00 from the Unappropriated Fund Balance of the General Obligation Series 2020A Question 3 Bond Fund; designating requisitioning authorities; declaring the intent of the City to reimburse itself from the bond proceeds for certain expenditures; authorizing the Director of Finance to close project accounts; and establishing the effective date of this ordinance.

 

WHEREAS, Ordinance No. 160877 put before the voters the question of enacting a basic maintenance and capital improvements program for 20 additional years by the extension of the current 1% general sales tax used for capital improvements and maintenance; and

 

WHEREAS, in a Special Election called on April 4, 2017, the voters of the City of Kansas City, Missouri approved Question 1 to be used for funding Streets, Bridges and Sidewalks, Question 2 to be used for Flood Control and Question 3 to be used for Public Buildings; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That Fund No. 3520, the General Obligation Series 2020A Question 1 Bond Fund, is hereby established in the records of the City of Kansas City, Missouri.

 

Section 2. That the revenue in the following account of the General Obligation Series 2020A Question 1 Bond Fund, is hereby estimated in the following amount:

 

AL-3520-120000-590000 Bond Proceeds $24,019,600.00

 

Section 3. That the sum of $24,019,600.00 for Question 1 – Roads, Bridges, Sidewalks is hereby appropriated from the Unappropriated Fund Balance of the General Obligation Series 2020A Question 1 Bond Fund to the following accounts:

 

AL-3520-898077-B-89060525 Sidewalk Repair-Spot Repair

Project B $ 5,000,000.00

AL-3520-898061-B-89008818 Wornall Reconstruction – 75th St

to 79th St 4,100,000.00

AL-3520-898014-B-89008819 Front Street – Chouteau to

Universal 3,500,000.00

AL-3520-898061-B-89008588 Red Bridge Road (Holmes to

Wornall) 2,600,000.00

AL-3520-898021-B-89008820 NW Prairie View Road (south of

64th St) 2,000,000.00

AL-3520-708014-B-70172207 Paseo Gateway 2,000,000.00

AL-3520-898017-B-89008226 Noland Road and M-350 Highway 1,000,000.00

AL-3520-898011-B-89008822 Chouteau to I-35 1,000,000.00

AL-3520-898061-B-89008587 Gregory Blvd over Big Blue River 850,000.00

AL-3520-898037-B-89020330 Prospect Max 669,600.00

AL-3520-708031-B-70192902 Benton Circle Roadway Imprv 600,000.00

AL-3520-898011-B-89008821 Parvin Road to I-35 Roundabout 700,000.00

ROADWAY TOTAL $24,019,600.00

 

Section 4. That Fund No. 3620, the General Obligation Series 2020A Question 2 Bond Fund, is hereby established in the records of the City of Kansas City, Missouri.

 

Section 5. That the revenue in the following account of the General Obligation Series 2020A Question 2 Bond Fund, is hereby estimated in the following amount:

AL-3620-120000-590000 Bond Proceeds $12,970,826.00

 

Section 6. That the sum of $12,970,826.00 for Question 2 – Flood Control is hereby appropriated from the Unappropriated Fund Balance of the General Obligation Series 2020A Question 2 Bond Fund to the following accounts:

 

AL-3620-129600-G Dodson/Turkey Creek Debt Service $ 7,620,826.00

AL-3620-129600-G Swope Park Industrial Debt Service 4,550,000.00

AL-3620-808065-B-89009996 Indian Creek 800,000.00

FLOOD TOTAL $12,970,826.00

 

Section 7. That Fund No. 3720, the General Obligation Series 2020A Question 3 Bond Fund, is hereby established in the records of the City of Kansas City, Missouri.

 

Section 8. That the revenue in the following account of the General Obligation Series 2020A Question 3 Bond Fund, is hereby estimated in the following amount:

 

AL-3720-120000-590000 Bond Proceeds $12,400,000.00

 

Section 9. That the sum of $12,400,000.00 is hereby appropriated for Question 3 – Public Buildings from the Unappropriated Fund Balance of the General Obligation Series 2020A Question 3 Bond Fund to the following accounts:

 

AL-3720-078027-B Community Centers ADA

Improvements $ 1,400,000.00

AL-3720-129998-X Transfer to GO Bond 2019 Q3 11,000,000.00

BUILDINGS TOTAL $12,400,000.00

 

Section 10. That the Director of Public Works is hereby designated as the requisitioning authority for Account Nos. AL-3520-898077, AL-3520-898061, AL-3520-898014, AL-3520-897001, AL-3520-898021, AL-3520-898017, AL-3520-898011 AL-3520-898037 and AL-3520-898011, that the Director of the Parks and Recreation Department is hereby designated as the requisitioning authority for Account Nos. AL-3520-708014, AL-3720-078027, and AL-3520-708031, that the Director of Water Services is hereby designated as the requisitioning authority for Account No. AL-3520-808065, that the Director of the General Services Department is hereby designated as the requisitioning authority for Account Nos. AL-3720-078034, and AL-3520-071254, and that the Director of Finance is designated as the requisitioning authority for Accounts No. AL-3620-129600, and AL-3720-129998.

 

Section 11. That the City Council hereby declares its official 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 appropriations in Section 3, Section 6 and Section 9 (collectively the “Appropriations”) with the proceeds of bonds expected to be issued by the City. The maximum principal amount of bonds expected to be issued for the Appropriations is not to exceed $52,090,426.00. This constitutes a declaration of official intent under Treasury Regulation 1.150-2.

 

Section 12. That the Director of Finance is hereby authorized to close project accounts, open encumbrances and retainage related to the accounts in Section 3, Section 6 and Section 9, and return the unspent portion to the Fund balance from which it came upon the earliest of: (i) Project’s completion; (ii) final maturity of financing or (iii) five years after issuance.

 

Section 13. That this ordinance shall become effective on May 1, 2019.

 

 

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.

 

 

Randall J. Landes

Director of Finance

 

Approved as to form and legality:

 

 

Katherine Chandler

Assistant City Attorney