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Legislation #: 070981 Introduction Date: 9/13/2007
Type: Ordinance Effective Date: 11/11/2007
Sponsor: COUNCILMEMBERS HERMANN, GOTTSTEIN, JOHNSON, MARCASON AND SANDERS BROOK
Title: Enacting a debt policy for the City.

Legislation History
DateMinutesDescription
9/13/2007 Filed by the Clerk's office
9/13/2007 Referred to Finance and Audit Committee
9/19/2007 Hold On Agenda (9/26/2007)
9/26/2007 Hold On Agenda (10/3/2007)
10/3/2007 Hold On Agenda (10/10/2007)
10/10/2007 Hold On Agenda (10/17/2007)
10/17/2007 Hold On Agenda (10/24/2007)
10/24/2007 Do Pass as a Committee Substitute
10/25/2007 Assigned Third Read Calendar as Substituted
11/1/2007 Passed as Substituted

View Attachments
FileTypeSizeDescription
070981.pdf Authenticated 31K Authenticated
Comm. Sub. for Ordinance 070981_Attachment A.doc Exhibit 276K corrected attachment A, debt policy
Ordinance No. 070981_Attachment A.doc Other 279K Attachment A
Factsheet_Ordinance No. 070981_Debt Policy.xls Fact Sheet 41K Fact Sheet

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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 070981

 

Enacting a debt policy for the City.

 

WHEREAS, Section 807 of the Charter approved by the voters of Kansas City in August, 2006, requires that the Council enact by ordinance a debt policy which reflects best practices for the prudent issuance, management, and use of debt; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Council hereby enacts the debt policy attached as Exhibit A to this ordinance, as finalized on October 25, 2007, as the Citys official debt policy in accordance with Section 807 of the Charter.

 

___________________________________

 

Approved as to form and legality:

 

 

____________________________

Heather A. Brown

Assistant City Attorney