ORDINANCE
NO. 190027
Authorizing and directing the
incurrence of a Senior Appropriation Obligation in the principal amount not to
exceed $2,000,000,000.00 in order to evidence the agreement of the City of
Kansas City, Missouri (the “City”) to make certain debt service and additional
payments to The Industrial Development Authority of the City of Kansas City,
Missouri (the “Authority”) in connection with the Authority’s issuance of bonds
the proceeds of which will be made available to the City to finance a portion
of the costs of the construction of a new passenger terminal at Kansas City
International Airport and related purposes as set forth herein; authorizing
certain actions and documents and prescribing other matters relating thereto;
estimating and appropriating revenues in the amount of $10,000.00 in Fund No.
8560, the 2019 Airport Terminal Bond Fund; and recognizing an accelerated
effective date.
WHEREAS,
the City of Kansas City, Missouri (the “City”), is a constitutional
charter city and political subdivision duly organized and existing under the
laws of the State of Missouri, and owns and operates a revenue producing
airport system (the “Airport System” as defined in the hereinafter
defined Master Bond Ordinance) serving the City and its inhabitants and others;
and
WHEREAS,
on November 7, 2017, the voters of the City approved a proposition which
authorizes the City to construct a new passenger terminal at Kansas City
International Airport; and
WHEREAS, on
_______, 2019, the City Council of the City (the “City Council”) duly
passed Ordinance No. _________ (as amended and supplemented from time to time,
the “Master Bond Ordinance”), which sets forth the terms and provisions
for issuing or incurring revenue bonds, revenue refunding bonds and other
obligations (including, but not limited to, Senior Appropriation Obligations
(as defined therein)), for the purpose of financing additions, extensions and
improvements to the Airport System, among other things; and
WHEREAS,
the City Council is considering in Ordinance No. ____ (the “Authorizing
Ordinance”), among other things, (a) requesting The Industrial Development
Authority of the City of Kansas City, Missouri (the “Authority”) to
issue the hereinafter defined Series 2019 Bonds and (b) authorizing the
execution and delivery by the City of the herein described Financing Agreement
(the “Financing Agreement”) among the Authority, the City and BOKF,
N.A., as Trustee (the “Trustee”) and certain other agreements; and
WHEREAS,
if requested by the City by approval of the Authorizing Ordinance, the
Authority will issue its Airport Special Obligation Bonds (Kansas City
International Airport Terminal Modernization Project) Series 2019A (AMT)
(the “Series 2019A Bonds”) and its Airport Special Obligation Bonds
(Kansas City International Airport Terminal Modernization Project)
Series 2019B (Non-AMT) (the “Series 2019B Bonds,” and together
with the Series 2019A Bonds, the “Series 2019 Bonds”), in a
principal amount not to exceed $2,000,000,000.00, pursuant to a Trust Indenture
(the “Indenture”) to be entered into by and between the Authority and
the Trustee, the proceeds of which will be used to provide funds (a) to
finance a portion of the costs of certain improvements to the Airport System
including the construction of a new passenger terminal at Kansas City
International Airport (the “Terminal Modernization Project”), (b) to
fund capitalized interest on the Series 2019 Bonds, (c) to fund a deposit
to the Debt Service Reserve Fund established under the Indenture and (d) to pay
costs of issuance of the Series 2019 Bonds; and
WHEREAS,
in consideration of the Authority making the proceeds of the Series 2019 Bonds
available to the City for the purposes set forth herein and in the Financing
Agreement, pursuant to the provisions of the Financing Agreement the City will
make Debt Service Payments and Additional Payments (as such terms are defined
in the Financing Agreement) (subject to such limitations as set forth therein
and in the Master Bond Ordinance) to the Authority and such other applicable
persons as provided therein, in sufficient amounts to pay the principal of and
interest on the Series 2019 Bonds and such other amounts due and payable by the
City as described in the Financing Agreement; and
WHEREAS,
the Master Bond Ordinance provides in Article V thereof for the incurrence of
Senior Appropriation Obligations, and in Section 9.02 thereof for the
passage of Supplemental Ordinances setting forth the terms of such Senior
Appropriation Obligations; and
WHEREAS,
in order to evidence its obligation to make Debt Service Payments and
Additional Payments to the Authority and such other persons as defined and
described in the Financing Agreement, the City is incurring a Senior
Appropriation Obligation pursuant to the Master Bond Ordinance and this
Ordinance (as amended and supplemented from time to time, this “Series 2019
Supplemental Ordinance”), and is designating such Senior Appropriation
Obligation as “City of Kansas City, Missouri Airport Revenue Senior Appropriation
Obligation Series 2019” (the “Series 2019 Senior Appropriation Obligation”)
pursuant to the Master Bond Ordinance and this Series 2019 Supplemental
Ordinance; and
WHEREAS,
Senior Appropriation Obligations incurred under the provisions of the Master Bond
Ordinance are secured as provided in the Master Bond Ordinance; and
WHEREAS,
the Master Bond Ordinance provides that Senior Appropriation Obligations shall
be special obligations of the City payable solely from, and, provided the
Senior Lien Requirements (as defined in the Master Bond Ordinance) are
satisfied, secured as to payment of principal, interest and other amounts due
and payable with respect to such Senior Appropriation Obligations by a senior
lien on, the Net Revenues (as defined in the Master Bond Ordinance) derived
from the operation of the Airport System, and deposited in the Kansas City
Airports Fund and not from any other fund or source; that the taxing power of
the City is not pledged to the payment of the Senior Appropriation Obligations
either as to principal or interest; that Senior Appropriation Obligations shall
not be or constitute general obligations of the City, nor shall they constitute
indebtedness of the City within the meaning of any constitutional, statutory or
charter provision, limitation or restriction; that all payments due and owing
on the Senior Appropriation Obligations in any Fiscal Year shall be paid solely
from Net Revenues and/or other funds appropriated by the City Council for the
purpose of making such payments which are due and owing in such Fiscal Year;
and that the issuance or incurrence of the Senior Appropriation Obligations
shall not obligate the City to make any appropriation for their payment; and
WHEREAS,
pursuant to the Master Bond Ordinance, Net Revenues include, for any given
period, Revenues (as defined in the Master Bond Ordinance) for such period,
less the Maintenance and Operation Costs (as defined in the Master Bond
Ordinance) for such period; and
WHEREAS,
Revenues exclude Customer Facility Charges (as defined in the Master Bond
Ordinance), unless otherwise designated as “Revenues” under the terms of a
Supplemental Ordinance; and
WHEREAS,
the City now wishes to irrevocably designate Customer Facility Charges received
for a certain period of time as Revenues; and
WHEREAS,
it is hereby found and determined that it is necessary and advisable and in the
best interest of the City and of its inhabitants at this time to authorize the
incurrence of the Series 2019 Senior Appropriation Obligation pursuant to the
Master Bond Ordinance and this Series 2019 Supplemental Ordinance and as herein
provided for the purpose of providing funds to finance the Terminal
Modernization Project; NOW, THEREFORE,
BE IT ORDAINED
BY THE COUNCIL OF KANSAS CITY:
ARTICLE
I
DEFINITIONS; INTERPRETATIONS
Section 1.01. Definitions. The
following definitions shall apply to terms used in this Series 2019
Supplemental Ordinance unless the context clearly requires otherwise.
Capitalized terms not otherwise defined in this Section 1.01 or
elsewhere in this Series 2019 Supplemental Ordinance shall have the same
meanings as set forth in the Master Bond Ordinance.
“Additional
Payments” has the meaning set forth in the Financing Agreement.
“Approved
PFC Projects” has the meaning set forth in the Master Bond Ordinance.
“Authority”
means The Industrial Development Authority of the City of Kansas City, Missouri
“Bond
Ordinance” means, collectively, the Master Bond Ordinance as supplemented
by this Series 2019 Supplemental Ordinance and any other Supplemental Ordinance
(as defined in the Master Bond Ordinance).
“Bond
Registrar” for purposes of this Series 2019 Supplemental Ordinance relating
to the Series 2019 Senior Appropriation Obligation, means the Director of
Finance of the City, or any other institution appointed by the Director of
Finance to act as Bond Registrar for the Series 2019 Senior Appropriation
Obligation. Such Bond Registrar shall perform the duties required of the Bond
Registrar in the Master Bond Ordinance and this Series 2019 Supplemental
Ordinance.
“Continuing
Disclosure Undertaking” shall mean the Continuing Disclosure Undertaking of
the City to be effective when the Series 2019 Bonds are issued, pursuant to
which the City, as an obligated person with respect to the Series 2019 Bonds,
shall agree to undertake for the benefit of the holders and the beneficial
owners of the Series 2019 Bonds certain ongoing disclosure requirements.
“Debt
Service Payments” has the meaning set forth in the Financing Agreement.
“Designated
Customer Facility Charges” means Customer Facility Charges which the City
has designated as Revenues pursuant to Section 4.01 of this Series 2019
Supplemental Ordinance.
“FAA” means the Federal Aviation Administration, or the successor to its
powers and authority.
“Financing
Agreement” means the Financing Agreement among the Authority, the City and
BOKF, N.A., as Trustee, wherein the City will agree, among other things, to
make Debt Service Payments and Additional Payments to the Authority and other
persons as described therein.
“Master
Bond Ordinance” means Ordinance No. ______, passed by the City on ________,
2019, as amended and supplemented from time to time.
“Paying
Agent” for purposes of this Series 2019 Supplemental Ordinance relating to
the Series 2019 Senior Appropriation Obligation, means the Director of
Finance of the City, or any other institution appointed by the Director of
Finance to act as Paying Agent for the Series 2019 Senior Appropriation
Obligation. Such Paying Agent shall perform the duties required of the Paying
Agent in the Master Bond Ordinance and this Series 2019 Supplemental Ordinance.
“PFC
Debt Service Account” means the Account of such designation established in
the PFC Revenue Fund as indicated in the Master Bond Ordinance.
“PFC
Debt Service Portion of the Series 2019 Senior Appropriation Obligation”
means that portion of the Debt Service Payments made under the Financing
Agreement that is allocable to the PFC Eligible Portion of the Series 2019
Senior Appropriation Obligation, as determined in each year by the Director of
Aviation or other Authorized City Representative.
“PFC
Eligible Portion of the Series 2019 Senior Appropriation Obligation”
means that portion of the proceeds of the Series 2019 Bonds used to
finance Approved PFC Projects, fund capitalized interest on a portion of the
Series 2019 Bonds allocable to the Approved PFC Projects, fund a portion of the
debt service reserve fund for the Series 2019 Bonds allocable to the Approved
PFC Projects, and pay a portion of the costs of issuance of the Series 2019
Bonds allocable to the Approved PFC Projects.
“PFCs”
or “Passenger Facility Charges” shall mean “Passenger Facility Charges”
as defined in the Master Bond Ordinance.
“Purchase
Contract” means the Bond Purchase Agreement between the Authority and the
Underwriter and approved by the City relating to the purchase and sale of the
Series 2019 Bonds.
“Series
2019 Bonds” means, collectively, the Airport Special Obligation Bonds
(Kansas City International Airport Terminal Modernization Project)
Series 2019A (AMT) and the Airport Special Obligation Bonds (Kansas City
International Airport Terminal Modernization Project) Series 2019B
(Non-AMT) to be issued by the Authority.
“Series 2019
Debt Service Fund” means the Debt Service Fund of such designation
established pursuant to Section 3.01 hereof and into which money
is to be deposited to pay the Debt Service Payments and the Additional Payments
in accordance with the provisions of the Financing Agreement, as evidenced by
the Series 2019 Senior Appropriation Obligation.
“Series
2019 Senior Appropriation Obligation” means a Senior Appropriation
Obligation incurred under the Master Bond Ordinance and this Series 2019
Supplemental Ordinance and designated as “City of Kansas City, Missouri Senior
Airport Revenue Appropriation Obligation Series 2019.”
“Series
2019 Supplemental Ordinance” means this Supplemental Ordinance, which,
among other things, sets forth the terms of the Series 2019 Senior
Appropriation Obligation.
“Underwriter”
means Morgan Stanley & Co. LLC, as representative of the original
purchasers of the Series 2019 Bonds.
Section 1.02. Article
and Section References. Except as otherwise indicated, references to
Articles and Sections are to Articles and Sections of this Series 2019
Supplemental Ordinance.
ARTICLE II
The Series 2019 Senior Appropriation Obligation
Section 2.01. Authorization
and Incurrence of the 2019 Senior Appropriation Obligation; Principal Amount.
(a)
The City hereby authorizes the
incurrence of a Senior Appropriation Obligation to be designated as “City of
Kansas City, Missouri Senior Airport Revenue Appropriation Obligation
Series 2019” to evidence its obligation to make Debt Service Payments and
Additional Payments under the Financing Agreement when executed and delivered,
to be incurred in a principal amount not to exceed $2,000,000,000. The Series
2019 Senior Appropriation Obligation constitutes a “Senior Appropriation
Obligation” as defined in the Master Bond Ordinance.
(b)
The Series 2019 Senior
Appropriation Obligation will be incurred when the Series 2019 Bonds are issued
by the Authority, all conditions for issuance of the Series 2019 Bonds are
satisfied, the Financing Agreement is executed and delivered and the City’s
obligations to make Debt Service Payments and Additional Payments under the
Financing Agreement are in force and effect. Pursuant to the Authorizing
Ordinance, the
Director of Finance is authorized and directed to
approve the purchase price for each series of the Series 2019 Bonds, the principal
amounts by maturity, the interest rates and the other final terms of the
Series 2019 Bonds, including applicable redemption provisions, subject to
each of the limitations set forth therein, and to approve the Purchase
Contract, all as more fully set forth in the Authorizing Ordinance. The
principal amount of the Series 2019 Senior Appropriation Obligation shall be
equal to the aggregate principal amount of the Series 2019 Bonds, as set forth
in the Financing Agreement. The schedules for the Debt Service Payments for
the Series 2019 Senior Appropriation Obligation will be attached to the
Financing Agreement.
Section 2.02. 2019 Senior Appropriation
Obligation Incurred Under the Bond Ordinance; Security. The 2019 Senior
Appropriation Obligation is incurred under and subject to the terms of the
Master Bond Ordinance and this Series 2019 Supplemental Ordinance and is
secured by and payable from the Net Revenues and other security provided in the
Master Bond Ordinance and this Series 2019 Supplemental Ordinance, subject in
all respects to the restrictions and requirements set forth therein for
security and payment of Appropriation Obligations, and in accordance with the
terms of the Master Bond Ordinance and this Series 2019 Supplemental Ordinance.
Section 2.03. Designation of Paying
Agent and Bond Registrar for 2019 Senior Appropriation Obligation. The
Director of Finance of the City, or any other institution appointed by the
Director of Finance is hereby designated as the City’s Paying Agent for the
payment of the Debt Service Payments and the Additional Payments and as Bond
Registrar for the registration of the Series 2019 Senior Appropriation
Obligation.
Section 2.04. General Terms of the
Series 2019 Senior Appropriation Obligation. The terms of the
Series 2019 Senior Appropriation Obligation shall be as set forth in the
Financing Agreement. The amount of the Debt Service Payments evidenced by the
Series 2019 Senior Appropriation Obligation and the dates such Debt
Service Payments are due and payable by the City shall be determined upon the
sale of the Series 2019 Bonds, the execution and approval of the Purchase
Contract and the execution and delivery of the Financing Agreement, including
the completion of the schedules for Debt Service Payments that will be attached
to the Financing Agreement. The components of the Additional Payments payable
by the City shall be as set forth in the Financing Agreement.
ARTICLE III
ESTABLISHMENT OF FUNDS OR ACCOUNT
FOR SERIES 2019 SENIOR APPROPRIATION OBLIGATION; IRREVOCABLE COMMITMENT OF
PASSENGER FACILITY CHARGES
Section 3.01. Establishment
of Funds and Accounts.
(a)
In addition to the Funds and
Accounts established in Section 4.03 of the Master Bond Ordinance, the
City hereby establishes the following fund and account, and the moneys
deposited in such fund and account shall be held in trust for the purposes set
forth in the Master Bond Ordinance and this Series 2019 Supplemental Ordinance:
(i)
City of Kansas City, Missouri
Senior Airport Revenue Appropriation Obligation Series 2019 Debt Service
Fund (the “Series 2019 Debt Service Fund”) and therein a Principal
and Interest Account (the “Series 2019 Principal and Interest Account”).
(b)
The City may establish separate
accounts and subaccounts in the Series 2019 Debt Service Fund and the Series
2019 Principal and Interest Account for such purposes as the City deems
appropriate, including but not limited to the payment of Additional Payments.
Section 3.02. Series 2019 Debt
Service Fund; Irrevocable Commitment of Passenger Facility Charges.
(a)
The City shall deposit into the
Series 2019 Principal and Interest Account of the Series 2019 Debt
Service Fund the amounts provided in the Master Bond Ordinance, this Series
2019 Supplemental Ordinance and the Financing Agreement to be used to pay the
Debt Service Payments and the Additional Payments.
(b)
The City may transfer Passenger
Facility Charges from the PFC Debt Service Account to the Series 2019 Principal
and Interest Account be used to pay an amount not exceeding the PFC Debt
Service Portion of the Series 2019 Senior Appropriation Obligation. Any
Passenger Facility Charges so deposited into the Series 2019 Principal and
Interest Account shall be deemed to be held by the City and set aside
exclusively to be used to pay the PFC Debt Service Portion of the Series 2019
Senior Appropriation Obligation within the meaning of subsection (k) of the
definition of Aggregate Annual Debt Service in the Master Bond Ordinance, and
accordingly the PFC Debt Service Portion of the Series 2019 Senior
Appropriation Obligation to be paid from such Passenger Facility Charges shall
be disregarded and not included in calculating Aggregate Annual Debt Service
and/or Annual Debt Service with respect to the Series 2019 Senior Appropriation
Obligation as provided therein. Further, any Passenger Facility Charges which
the City shall irrevocably commit to the payment of the PFC Debt Service
Portion of the Series 2019 Senior Appropriation Obligation, through resolution
or ordinance of the City Council or other official action of the City, shall be
so disregarded as provided in said subsection (k) of such definition.
Section 3.03. No Participation in
Reserve Fund or Establishment of a Series Debt Service Reserve Fund. The
Series 2019 Senior Appropriation Obligation shall not participate in the
Reserve Fund established under the Master Bond Ordinance, and no Series Debt
Service Reserve Fund shall be established for the Series 2019 Senior
Appropriation Obligation.
Section 3.04. No Establishment of a
Project Fund. No Project Fund shall be established for the
Series 2019 Senior Appropriation Obligation under the Master Bond
Ordinance.
Section 3.05. No Establishment of a
Rebate Fund. No Rebate Fund shall be established for the Series 2019
Senior Appropriation Obligation under the Master Bond Ordinance.
Section 3.06. Sources of Payment of the
Series 2019 Senior Appropriation Obligation. The Series 2019
Senior Appropriation Obligation shall be payable solely from, and, provided the
Senior Lien Requirements are satisfied, secured as to payment of principal,
interest and other amounts due and payable with respect to such
Series 2019 Senior Appropriation Obligation by a senior lien on the Net
Revenues as provided in the Master Bond Ordinance. Payments due and owing on
the Series 2019 Senior Appropriation Obligation in any Fiscal Year shall be
paid solely from Net Revenues and/or other funds appropriated by the City
Council for the purpose of making such payments which are due and owing in such
Fiscal Year. The incurrence of the Series 2019 Senior Appropriation
Obligation does not obligate the City to make any appropriation for its
payment.
ARTICLE IV
DESIGNATION OF
CUSTOMER FACILITY CHARGES AS REVENUES
Section 4.01. Designation of Certain
Customer Facility Charges as Revenues. Pursuant to the definition of
“Revenues” in Article I of the Master Bond Ordinance, the City hereby
designates Customer Facility Charges received in each of the Fiscal Years
ending in 2019 through 2021 as Revenues of the Airport System for purposes of
the Master Bond Ordinance. In addition, Customer Facility Charges received in
each Fiscal Year after the Fiscal Year ending in 2021 are designated as
Revenues of the Airport System for purposes of the Master Bond Ordinance until
such time as the Director of the City’s Aviation Department gives written
notice to the Director of Finance that such Customer Facility Charges are no
longer to continue to be designated as Revenues for purposes of the Master Bond
Ordinance, accompanied by a certificate of the Director of the City’s Aviation
Department to the effect that the City will be in compliance with Section 6.03(a)
and (b) of the Master Bond Ordinance when Customer Facility Charges are
no longer designated as Revenues. Satisfaction of the requirements set forth
under the definition of “Released Revenues” is not required for Customer
Facility Charges received after the Fiscal Year ending in 2021 to no longer
continue to be designated as Revenues pursuant to the immediately preceding
sentence. The City shall provide notice under the Continuing Disclosure
Undertaking in the event that Customer Facility Charges received after the
Fiscal Year ending in 2021 are no longer designated as Revenues. All of such
Customer Facility Charges so designated as Revenues are referred to herein as
“Designated Customer Facility Charges.”
ARTICLE V
MISCELLANEOUS
Section 5.01. Applicability of Master
Bond Ordinance. Except as otherwise provided in this Series 2019
Supplemental Ordinance, the provisions of the Master Bond Ordinance are hereby
ratified, approved and confirmed and incorporated herein and shall be
applicable to the incurrence of the Series 2019 Senior Appropriation
Obligation and the security, payment, redemption and enforcement of payment of
the Series 2019 Senior Appropriation Obligation. The requirements of Article
V of the Master Bond Ordinance regarding the issuance and incurrence of
additional Obligations will be satisfied at the time of incurrence of the
Series 2019 Senior Appropriation Obligation.
Section 5.02. General Authorization for
Series 2019 Senior Appropriation Obligation. From and after the date
of adoption of this Series 2019 Supplemental Ordinance, the officials,
employees, and agents of the City are hereby authorized to do all such acts and
things and to execute and deliver any and all other documents, agreements,
certificates and instruments as may be necessary or desirable in connection
with the incurrence of the Series 2019 Senior Appropriation Obligation and
the transactions contemplated on the part of the City by this Series 2019
Supplemental Ordinance. The Director of Finance and City Clerk are hereby
authorized and directed to prepare and furnish to the Underwriter, in
connection with the sale of the Series 2019 Bonds, certified copies of all
proceedings and records of the City relating to the Series 2019 Senior
Appropriation Obligation or to the Master Bond Ordinance and this Series 2019
Supplemental Ordinance. All such certified copies, certificates and
affidavits, including any heretofore furnished, shall constitute
representations of the City as to the truth of all statements contained
therein.
Section 5.03. Continuing Disclosure.
The City hereby covenants and agrees that it will comply with and carry out all
of the provisions of the Continuing Disclosure Undertaking. Notwithstanding
any other provision of this Series 2019 Supplemental Ordinance, failure of the
City to comply with its obligations set forth in the Continuing Disclosure
Undertaking shall not constitute an Event of Default (as specified in Article
VII of the Master Bond Ordinance); provided, however, that the Underwriter
or any bondholder or beneficial owner of the Series 2019 Bonds may take such
actions as may be necessary and appropriate to compel performance by the City
of its obligations under this Section, including seeking mandate or specific
performance by court order.
Section 5.04. Modification of Master
Bond Ordinance and this Series 2019 Supplemental Ordinance. The City may,
from time to time and at any time execute and deliver Supplemental Ordinances
supplementing and/or amending the Master Bond Ordinance and this Series 2019
Supplemental Ordinance in the manner set forth in Article IX of the
Master Bond Ordinance.
Section 5.05. Governing Law. This Series 2019 Supplemental Ordinance and the
Series 2019 Senior Appropriation Obligation incurred hereunder shall be
governed by and construed and enforced in accordance with the laws of the State
and the Charter.
Section 5.06. Severability. If any
provision of this Series 2019 Supplemental Ordinance shall be determined to be
unenforceable, that shall not affect any other provision of this Series 2019
Supplemental Ordinance.
Section 5.07. Payments Due on
Saturdays, Sundays, and Other Non-Business
Days. Whenever a date upon which a
payment is to be made under the Bond Ordinance falls on a date which is not a
Business Day, such payment may be made on the next succeeding Business Day
without interest for the intervening period.
Section 5.08. Electronic Storage.
The City agrees that the transaction described herein may be conducted and
related documents may be stored by electronic means.
Section 5.09. Estimation of Revenue.
The revenue in the following account of Fund No. 8560, the 2019 Airport
Terminal Bond Fund, is hereby estimated in the following amount:
AL-8560-120000-590000 Bond Proceeds $10,000.00
Section 5.10. Appropriation. The
sum of $10,000.00 is hereby appropriated from the Unappropriated Fund Balance
of the 2019 Airport Terminal Bond Fund to the following account:
AL-8560-129620-B Cost of Issuance $10,000.00
Section 5.11. Declaration of
Accelerated Effective Date. 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:
___________________________________
Katherine
Chandler
Assistant
City Attorney