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Legislation #: 961568 Introduction Date: 12/5/1996
Type: Ordinance Effective Date: 12/19/1996
Sponsor: None
Title: Estimating bond proceeds in the General Obligation Chouteau Bridge Bond Fund and appropriating same; estimating revenue in the General Debt and Interest Fund; designating requisitioning authority; authorizing the Director of Finance to close project accounts upon completion; and recognizing an emergency.

Legislation History
DateMinutesDescription
12/5/1996

Prepare to Introduce

12/5/1996

Referred Finance & Administration Committee

12/11/1996

Do Pass

12/12/1996

Assigned to Third Read Calendar

12/19/1996

Passed


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ORDINANCE NO. 961568

 

Estimating bond proceeds in the General Obligation Chouteau Bridge Bond Fund and appropriating same; estimating revenue in the General Debt and Interest 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 revenue in the following account of the 1996 General Obligation Chouteau Bridge Bond Fund is estimated in the following amount:

 

97-379-012-9023 Proceeds from Sale of Bonds - Chouteau $8,954,412.00

 

Section 2. That the sum of $8,954,412.00 is appropriated from the Unappropriated Fund Balance of the 1996 General Obligation Chouteau Bridge Bond Fund to the following accounts:

 

97-379-012-9620B Bond Issue Expense $ 49,500.00 97-379-012-9631B Discount on Sale of Bonds 50,500.00 97-379-089-7186T Chouteau Bridge Replacement 8,854,412.00

 

Section 3. That the revenue in the following account of the General Debt and Interest Fund is estimated in the following additional amount:

 

97-501-012-6071 Accrued Interest - Sale of Bonds $ 28,582.50

 

Section 4. That the Director of Finance is designated as the requisitioning authority for Account Nos. 97-379-012-9620B and 97-379-012-9631B.

 

Section 5. That the Director of Finance is 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 6. That this ordinance 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