ORDINANCE NO. 041204

 

Renaming the S.T.I.F. Hotel President Fund; estimating revenue in the Super TIF SOLO-Hotel President Fund in the amount of $2,025,000.00 and appropriating $556,550.00 for FY '05 debt service and fees; establishing the Super TIF Brush Creek-Town Center Fund and the Super TIF Tower-909 Walnut Fund; estimating revenue in the Super TIF Brush Creek-Town Center Fund in the amount of $1,799,000.00 and appropriating $286,630.00 for FY '05 debt service; estimating revenue in the Super TIF Tower-909 Walnut Fund in the amount of $180,000.00 and appropriating $130,000.00 for FY '05 debt service and fees; reducing appropriations in the amount of $299,979.00 in the Neighborhood Improvement District (NID) Fund.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the S.T.I.F. Hotel President Fund, Fund No. 5260, is hereby renamed the STIF SOLO Hotel President Fund.

 

Section 2. That the revenues in the following account of the STIF SOLO Hotel President Fund are hereby estimated in the following amount:

 

05-5260-120000-461290 Capitalized Interest $2,025,000.00

Section 3. That the sum of $556,550.00 is hereby appropriated from the Unappropriated Fund Balance of the STIF SOLO Hotel President Fund, No. 5260, to the following accounts:

 

05-5260-129626-741100 Interest on Bonds $ 479,550.00

05-5260-129626-743100 Fiscal Agent Fees 77,000.00

TOTAL $ 556,550.00

 

Section 4. That the following funds are hereby established in the financial records of the City:

STIF Brush Creek - Blue Parkway Town Center Fund (Fund No. 5300)

STIF Tower - 909 Walnut Fund (Fund No. 5310)

 

Section 5. That the revenues in the following account of the STIF Brush Creek - Blue Parkway Town Center Fund, No. 5300, are hereby estimated in the following amount:

 

05-5300-120000-461290 Capitalized Interest $1,799,000.00

 

Section 6. That the sum of $286,630.00 is hereby appropriated from the Unappropriated Fund Balance of the STIF Brush Creek - Blue Parkway Town Center Fund, No. 5300, to the following account:

 

05-5300-129634-741100 Interest on Bonds $ 286,630.00

 

Section 7. That the revenues in the following account of the STIF Tower - 909 Walnut Fund, No. 5310, are hereby estimated in the following amount:

 

05-5310-120000-461290 Capitalized Interest $ 180,000.00

Section 8. That the sum of $195,375.00 is hereby appropriated from the Unappropriated Fund Balance of the STIF Tower - 909 Walnut Fund, No. 5310, to the following accounts:

 

05-5310-129638-741100 Interest on Bonds $ 105,000.00

05-5310-129638-743100 Fiscal Agent Fees 25,000.00

TOTAL $ 130,000.00

 

Section 9. That appropriations in the following account of the Neighborhood Improvement District Fund, No. 6820, are reduced in the following amount:

05-6820-129637-743200 Special Obligation Expense $ 299,979.00

 

_____________________________________________

 

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