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Legislation #: 081183 Introduction Date: 11/20/2008
Type: Resolution Effective Date: 12/11/2008
Sponsor: COUNCILMEMBER MARCASON AND COUNCILMEMBER JOHNSON
Title: Adopting a Strategic Financing Plan to fund the Overflow Control Program.

Legislation History
DateMinutesDescription
11/20/2008 Filed by the Clerk's office
11/20/2008 Referred to Transportation and Infrastructure Committee
12/4/2008 Be Adopted as a Committee Substitute
12/4/2008 Assigned Third Read Calendar as Substituted
12/11/2008 Adopted

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COMMITTEE SUBSTITUTE FOR RESOLUTION NO. 081183

 

Adopting a Strategic Financing Plan to fund the Overflow Control Program.

 

WHEREAS, this Council established a Water Services Utility Funding Task Force to integrate community values into a funding strategy to fund its water, sewer, and stormwater utilities, including the funding of an Overflow Control Plan which reduces the volume and frequency of sewer overflows; and

 

WHEREAS, the Water Services Utility Funding Task Force has developed guiding principles and policy statements along with an overall wet weather funding strategy for the Council to consider when determining its funding strategy for the Overflow Control Plan; and

 

WHEREAS, as the City has developed an Overflow Control Plan at a cost of $2.4 billion in 2008 dollars, it is appropriate for the Council to now determine a financing plan so that plan implementation can begin in a strategic manner; NOW, THEREFORE,

 

BE IT RESOLVED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the funding of the Overflow Control Plan will primarily be accomplished through increased sewer rates, unless other funding mechanisms become available.

 

Section 2. That the Council supports future voter authorized debt to utilize a blend of pay as you go and revenue bonds with approximately 50 percent cash financed and 50 percent debt financed.

 

Section 3. That other funding mechanisms should be explored throughout the life of the program, including operational efficiencies, the use of sales tax, and state and federal funding strategies as proposed by the Funding Task Force.

 

Section 4. That the Council hereby expresses its heartfelt appreciation to the Water Services Utility Funding Task Force members for all the hard work undertaken to develop their Funding Strategy and Customer Assistance Program Recommendations. The Task Force members are: Jan Marcason, Russ Johnson, Abby Mayer, Babette Macy, Bill Aguirre, Bob Jacobi, Carol Grimaldi, Dave Mecklenberg, Phil Perry, Jim Rice, Joe Close, Karen Downey, Peter Eaton, Shomari Benton and Thomas (Tom) E. Gould.

 

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