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Legislation #: 950460 Introduction Date: 4/13/1995
Type: Ordinance Effective Date: 4/27/1995
Sponsor: None
Title: Establishing 1995 Sewer Revenue Bond Fund; estimating bond proceeds in the 1995 Sewer Revenue Bond Fund and appropriating same; estimating revenue in the Sewer Fund; designating requisitioning authority; authorizing the Director of Finance to close project accounts upon completion; and recognizing an emergency.

Legislation History
DateMinutesDescription
4/13/1995

Prepare to Introduce

4/13/1995

Referred Finance Committee

4/19/1995

Do Pass as a Committee Substitute

4/20/1995

Assigned Third Read Calendar as Substituted

4/27/1995

Passed as Substituted


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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 950460

 

Establishing 1995 Sewer Revenue Bond Fund; estimating bond proceeds in the 1995 Sewer Revenue Bond Fund and appropriating same; estimating revenue in the Sewer Fund; 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 Fund No. 817, 1995 Sewer Revenue Bond Fund, is hereby established in the records of the City of Kansas City, Missouri.

 

Section 2. That the revenue in the following accounts of the 1995 Sewer Revenue Bond Fund is hereby estimated in the following amounts:

 

95-817-086-9000 Proceeds from Sale of Bonds $17,499,387.00 95-817-086-9011 Proceeds from Sale of Bonds - Bond Issue Expense 500,613.00 $18,000,000.00

 

Section 3. That the sum of $18,000,000.00 is hereby appropriated from the Unappropriated Fund Balance of the 1995 Sewer Revenue Bond Fund to the following accounts:

 

95-817-012-9620B Bond Issue Expense $ 311,715.00 95-817-012-9631B Discount on Sale of Bonds 188,898.00 95-817-086-7792T Wastewater Facilities Modif./Improve 3,400,000.00 95-817-086-7793T Wastewater Treatment Plant Improve 6,149,387.00 95-817-086-7795T Sewer Line Construction & Rehab 6,950,000.00 95-817-086-7796T Wastewater Pump Station Improvements 1,000,000.00 $ 18,000,000.00

 

Section 4. That the revenue in the following account of the Sewer Fund is hereby estimated in the following amount:

 

95-811-086-6071 Accrued Interest - Sale of Bonds $ 69,019.00

 

Section 5. That the Director of Finance is hereby designated requisitioning authority for Account Nos. 817-012-9620 and 817-012-9631; and the Director of Water and Pollution Control is hereby designated requisitioning authority for Account Nos. 817-086-7793, 817-086-7792, 817-086-7795 and 817-086-7796.

 

Section 6. 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 7. That this ordinance, making an appropriation for the current expense of the City government, is recognized as an emergency measure within the provisions of Section 15, Article II of the Charter of Kansas City, and shall take effect immediately upon passage.

 

___________________________________________________________________

 

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