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Legislation #: 040901 Introduction Date: 8/5/2004
Type: Ordinance Effective Date: none
Sponsor: None
Title: Estimating and appropriating additional bond proceeds in the amount of $426,000.00 in the KCMAC 2004B (Fund No. 340) in anticipation of an early September 2004 bond sale for construction of a new City Tow Lot; designating requisitioning authority; approving a $425,964.00 contract with Jury Design Inc.; and declaring the City intent to reimburse itself for the use of these proceeds.

Legislation History
DateMinutesDescription
8/5/2004

Prepare to Introduce

8/5/2004

Referred Operations Committee

8/11/2004

Hold On Agenda

8/18/2004

Hold On Agenda

9/8/2004

Hold Off Agenda

7/13/2005 Release
7/14/2005 Released

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ORDINANCE NO. 040901

 

Estimating and appropriating additional bond proceeds in the amount of $426,000.00 in the KCMAC 2004B (Fund No. 340) in anticipation of an early September 2004 bond sale for construction of a new City Tow Lot; designating requisitioning authority; approving a $425,964.00 contract with Jury Design Inc.; and declaring the Citys intent to reimburse itself for the use of these proceeds.

 

WHEREAS, there are three issues that are part of the upcoming $150 million Kansas City Municipal Assistance Corporation leasehold revenue bond project including approximately $6 million for design and construction of a new tow lot to be repaid by fees and charges from towed vehicles; and

 

WHEREAS, the City is desirous of beginning design work on the tow lot in anticipation of a September 2004 bond sale on the project; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the revenue in the KCMAC Series 2004B Tow Lot Project is hereby estimated in the following additional amount:

 

AL-3400-120000-590000 Proceeds from Sale of Bonds $426,000.00

 

Section 2. That the sum of $426,000.00 is hereby appropriated from the Unappropriated Fund Balance of the KCMAC Series 2004B Tow Lot Project to the following account:

 

AL-3400-0897539-61160-B Tow Lot Project $426,000.00

 

Section 3. That the Director of Public Works is hereby designated as requisitioning authority for 3400-0897539.

 

Section 4. That the Director of Public Works is hereby authorized to enter into and execute on behalf of the City, a $425,964.00 Design Professional Services Agreement with Jury Design, Inc., for Tow Lot Improvements. A copy of the contract is on file in the office of the Director of Public Works and is incorporated herein by reference.

 

Section 5. That the City declares its intent to reimburse itself for certain expenditures made within 60 days prior to or on and after the date of this ordinance with the proceeds of bonds expected to be issued by the City for the Bartle Hall Ballroom Expansion Project.

 

_____________________________________________

 

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.

 

___________________________________

Wanda Gunter

Acting Director of Finance

 

Approved as to form and legality:

 

___________________________________

Heather A. Brown

Assistant City Attorney