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.

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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.

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Director of Finance

Approved as to form and legality:

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Assistant City Attorney