ORDINANCE NO. 110487

Estimating and appropriating $2,881,250.00 in the 2011B GO Bond Fund from the anticipated sale of general obligation bonds; authorizing a $2,305,000.00 contract with J.M. Fahey/TranSystems for Project No. 89008217, Troost Avenue - 89th Street to Bannister Road; authorizing the Director of Public Works to expend $2,881,250.00 for the project; declaring the City’s intention to reimburse itself from bond proceeds for bond related expenditures; and recognizing an emergency.

WHEREAS, Resolution No. 100446 was adopted by the City Council on June 3, 2010, which authorized the sale of General Obligation Bonds in the amount of $67.3 million; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That revenue in the following account of the 2011B GO Bond Fund is estimated in the following amount:

AL-3398-120000-590000 Proceeds from Sale of Bonds $ 2,881,250.00

Section 2. That $ 2,881,250.00 is appropriated from the Unappropriated Fund Balance of the 2011B GO Bond Fund to the following account in the 2011B GO Bond Fund:

AL-3398-897001-B Troost Ave-89th St to Bannister Rd $2,881,250.00

Section 3. That the Director of Public Works is hereby authorized to execute a $2,305,000.00 contract with J.M. Fahey/TranSystems, for Design Build services for Project No. 89008217 – Design Build – Troost Avenue - 89th Street to Bannister Road. A copy of the contract is on file in the Public Works Office.

Section 4. That the Director of Public Works is authorized to expend the sum of $2,881,250.00 from the following fund:

AL-3398-897001-B-89008217 Troost Ave-89th St to Bannister Rd $2,881,250.00

Section 5. That the City expects to make capital expenditures in connection with the projects to be financed and hereby declares its official intent to reimburse itself for certain expenditures made within 60 days prior to or on and after the date of this ordinance with the proceeds of the bonds. The maximum principal amount of obligations expected to be financed for the projects is $ 2,881,250.00. This constitutes a declaration of official intent under Treasury Regulation 1.150-2.

Section 6. That this ordinance is recognized as an emergency measure within the provisions of Section 503 of the City Charter in that it appropriates money, and shall take effect in accordance with that section.

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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.

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Randall J. Landes

Director of Finance

Approved as to form and legality:

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Brian T. Rabineau

Assistant City Attorney