ORDINANCE NO. 150439
Estimating revenues and
appropriating $48,936,874.85 in the Refunding Bond Fund from the sale of
General Obligation Refunding Bonds Series 2015A; designating requisitioning
authorities; authorizing the Director of Finance to close project accounts upon
project completion; and recognizing an accelerated effective date.
BE IT ORDAINED BY THE COUNCIL OF
KANSAS CITY:
Section 1. That the
revenue in the following accounts of the Refunding Bond Fund (Fund 5401), is
hereby estimated in the following amounts:
AL-5401-120000-590000 Proceeds from Sale of Bonds $42,195,000.00
AL-5401-120000-485100 Premium on Bonds 6,741,874.85
TOTAL $48,936,874.85
Section
2. That the sum of $48,936,874.85 is hereby appropriated from the Unappropriated
Fund Balance of the Refunding Bond Fund to the following accounts:
AL-5401-129620-B Bond Issuance Expense $
176,337.46 AL-5401-129631-B Underwriters’ Discount
180,213.95
AL-5401-129686-B Arbitrage Rebate Calculation
10,000.00
AL-5401-129671-G Defeasance of Bonds
48,570,323.44
TOTAL $48,936,874.85
Section
3. That the Director of Finance is hereby designated as requisitioning
authority for Account Nos. AL-5401-129631, AL-5401-129620, AL-5401-129686, and
AL-5401-129671.
Section 4. 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 5. That
this ordinance is recognized as an ordinance
with an accelerated effective date as provided by Section 503(a)(3)(C) of the
City Charter in that it appropriates money, and shall take effect in accordance
with that section.
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.
Randall
J. Landes
Director
of Finance
Approved
as to form and legality:
Sarah
Baxter
Assistant
City Attorney