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ORDINANCE NO. 010813
Estimating
bond proceeds in the amount of $24,875,001 in the KCMAC 11th & Oak
Garage/Street Light Project Fund and appropriating it to the project accounts;
estimating revenue in the amount of $97,547.00 representing accrued interest;
estimating revenue in the amount of $911,065.00 in the Equipment Lease Debt
Service Fund representing capitalized interest and appropriating it for Fiscal
Year 2002 debt service; estimating revenue in the amount of $53,379.00
representing interest earnings and appropriating it for the project;
designating requisitioning authority; authorizing the Director of Finance to
close project accounts upon completion; and recognizing an emergency.
BE
IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section
1. That the revenue in the KCMAC 11th & Oak Garage/Street Light Project
Fund is hereby estimated in the following amount:
02-398-012-9000 Proceeds
from Sale of Bonds $24,875,001.00
Section
2. That the sum of $24,875,001.00 is hereby appropriated from the
Unappropriated Fund Balance of the KCMAC 11th & Oak Garage/Street Light
Project Fund to the following accounts:
02-398-012-9620-B Bond
Issue Expense $
288,678.00
02-398-012-9612-B Capitalized
Interest
911,065.00
02-398-012-9631-B Discount
on Sale of Bonds 211,041.00
02-398-012-9611-B Debt
Service Reserve
2,487,500.00
02-398-089-7026-T
11th & Oak Garage
20,976,717.00
$24,875,001.00
Section
3. That the revenue in the following account of the Equipment Lease Debt
Service Fund is hereby estimated in the following amount:
02-523-012-6071 Accrued
Interest-Sale of Bonds $ 97,547.00
Section
4. That the appropriation in the following account of the KCMAC 11th & Oak
Garage/Street Light Project Fund is hereby reduced in the following amount:
02-398-012-9612-B Capitalized
Interest $ 911,065.00
Section
5. That the sum of $911,065.00 is hereby appropriated from the Unappropriated
Fund Balance of the KCMAC 11th & Oak Garage/Street Light Project Fund:
02-398-012-9023-B Transfer
to Lease Debt Service $ 911,065.00
Section
6. That the revenue in the Equipment Lease Debt Service Fund is hereby
estimated in the following amount:
02-523-012-9340 Transfer
fr KCMAC 11th& Oak /St. Light Proj. Fund $ 911,065.00
Section
7. That the sum of $978,969.00 is hereby appropriated from the Unappropriated
Fund Balance of the Equipment Lease Debt Service Fund to the following account:
02-523-012-9645-G Debt
Service 11th & Oak KCMAC Series 2001A $ 978,969.00
Section
8. That the revenue in the KCMAC 11th & Oak Garage/Street Light Project
Fund is hereby estimated in the following amount:
02-398-012-6010 Interest
on Investment Trustee $ 53,379.00
Section
9. That the sum of $53,379.00 is hereby appropriated from the Unappropriated
Fund Balance of the KCMAC 11th & Oak Garage/Street Light Project Fund to
the following account:
02-398-089-7026-T 11th
& Oak Garage $
53,379.00
Section
10. That the Director of Finance is hereby designated as the requisitioning
authority for Account Nos. 02-398-012-9620-B, 02-398-012-9612-B,
02-398-012-9631-B, 02-398-012-9611-B, 02-398-012-9023-B, and 02-523-012-9645-G
and that the Director of Public Works is hereby designated as the
requisitioning authority for Account No. 02-398-089-7026-T.
Section
11. 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.
Section
12. That this ordinance is recognized as an emergency measure within the
provisions of Section 15, Article II of the Charter of Kansas City, and takes
effect in accordance with that section.
__________________________________________________________________
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.
____________________________________
Director
of Finance
Approved
as to form and legality:
___________________________________
Assistant
City Attorney