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Legislation #: 200172 Introduction Date: 2/27/2020
Type: Ordinance Effective Date: 5/1/2020
Sponsor: None
Title: Establishing Fund No. 3521, the General Obligation Series 2021A Question 1 Bond Fund in the records of the City of Kansas City, Missouri; estimating and appropriating $38,449,495.00 from the Unappropriated Fund Balance of the General Obligation Series 2021A Question 1 Bond Fund; establishing Fund No. 3621, the General Obligation Series 2021A Question 2 Bond Fund in the records of the City of Kansas City, Missouri; estimating and appropriating $5,202,020.00 from the Unappropriated Fund Balance of the General Obligation Series 2021A Question 2 Bond Fund; establishing Fund No. 3721, the General Obligation Series 2021A Question 3 Bond Fund in the records of the City of Kansas City, Missouri; estimating and appropriating $4,545,455.00 from the Unappropriated Fund Balance of the General Obligation Series 2021A Question 3 Bond Fund; designating requisitioning authorities; declaring the intent of the City to reimburse itself from the bond proceeds for certain expenditures; authorizing the Director of Finance to close project accounts; and establishing the effective date of this ordinance.

Legislation History
DateMinutesDescription
2/26/2020 Filed by the Clerk's office
2/27/2020 Referred to Finance, Governance and Public Safety Committee
3/4/2020 Hold On Agenda (3/18/2020)
3/18/2020 Advance and Do Pass as a Committee Substitute, Debate
3/19/2020 Held on Docket (3/26/2020)
3/26/2020 Passed as Substituted

View Attachments
FileTypeSizeDescription
Authenticated Ordinance 200172.pdf Authenticated 162K Authenticated Ordinance
200172 2021 GO Bond Approp Admin.pdf Other 60K Approp Admin
200172 2021 GO Bond Fact Sheet.pdf Fact Sheet 85K Fact Sheet
200172 FY2021 Bond Ordinance - Fiscal Note.pdf Fiscal Note 43K Fiscal Note

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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 200172

 

Establishing Fund No. 3521, the General Obligation Series 2021A Question 1 Bond Fund in the records of the City of Kansas City, Missouri; estimating and appropriating $38,449,495.00 from the Unappropriated Fund Balance of the General Obligation Series 2021A Question 1 Bond Fund; establishing Fund No. 3621, the General Obligation Series 2021A Question 2 Bond Fund in the records of the City of Kansas City, Missouri; estimating and appropriating $5,202,020.00 from the Unappropriated Fund Balance of the General Obligation Series 2021A Question 2 Bond Fund; establishing Fund No. 3721, the General Obligation Series 2021A Question 3 Bond Fund in the records of the City of Kansas City, Missouri; estimating and appropriating $4,545,455.00 from the Unappropriated Fund Balance of the General Obligation Series 2021A Question 3 Bond Fund; designating requisitioning authorities; declaring the intent of the City to reimburse itself from the bond proceeds for certain expenditures; authorizing the Director of Finance to close project accounts; and establishing the effective date of this ordinance.

 

WHEREAS, Ordinance No. 160877 put before the voters the question of enacting a basic maintenance and capital improvements program for 20 additional years by the extension of the current 1% general sales tax used for capital improvements and maintenance; and

 

WHEREAS, in a Special Election called on April 4, 2017, the voters of the City of Kansas City, Missouri approved Question 1 to be used for funding Streets, Bridges and Sidewalks, Question 2 to be used for Flood Control and Question 3 to be used for Public Buildings; and

 

WHEREAS, pursuant to Committee Substitute for Resolution No. 190781, the 2019 Update of the Citywide Business Plan included the Submitted FY 2021-2025 GO Bond Five-Year Plan; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That Fund No. 3521, the General Obligation Series 2021A Question 1 Bond Fund, is hereby established in the records of the City of Kansas City, Missouri.

 

Section 2. That the revenue in the following account of the General Obligation Series 2021A Question 1 Bond Fund, is hereby estimated in the following amount:

 

AL-3521-120000-590000 Bond Proceeds $38,449,495.00

 

Section 3. That the sum of $38,449,495.00 for Question 1 – Roads, Bridges, Sidewalks is hereby appropriated from the Unappropriated Fund Balance of the General Obligation Series 20201 Question 1 Bond Fund to the following accounts:

 


 

AL-3521-898035-B-89008587 Gregory Blvd over Big Blue River (design) $6,150,000.00

AL-3521-898012-B-89008842 NW 68th Street Reconstruction 6,000,000.00

– US-169 to Waukomis

AL-3521-897701-B-89STPRES Street Preservation 5,600,000.00

AL-3521-898077-B-89060766 Sidewalk Repair 5,000,000.00

AL-3521-898015-B-89008226  Noland Road at M-350 Highway 3,700,000.00

AL-3521-898011-B-89008704 Arlington Road Link 3,000,000.00

AL-3521-898077-B-89060767  ADA Curb Ramps 2,500,000.00

AL-3521-898014-B-89004804 Ward Parkway/Wornall Signals 1,000,000.00

AL-3521-898015-B-89008194  Lee’s Summit Road–Lakewood to Anderson 910,000.00

AL-3521-898014-B-89005595 Grand Blvd Complete Streets Improvement 750,000.00

AL-3521-898013-B-89005590  Benton Bridge over Brush Creek 750,000.00

AL-3521-898035-B-89005596  Raytown Road over Lumpkin 650,000.00

AL-3521-898013-B-89008540 22nd/23rd Street – Benton to I-70 650,000.00

AL-3521-708015-B-70BUDGET Elmwood to 63rd Street 600,000.00

AL-3521-708015-B-70124918  63rd Street to Zoo Drive 555,000.00

AL-3521-898071-B-07001219 Law Enforcement Memorial - Sidewalks 250,000.00

AL-3521-077010-B-89009996  Public Art - Streets  384,495.00

ROADWAY TOTAL $38,449,495.00

Section 4. That Fund No. 3621, the General Obligation Series 2021A Question 2 Bond Fund, is hereby established in the records of the City of Kansas City, Missouri.

 

Section 5. That the revenue in the following account of the General Obligation Series 2021A Question 2 Bond Fund, is hereby estimated in the following amount:

 

AL-3621-120000-590000 Bond Proceeds $5,202,020.00

 

Section 6. That the sum of $5,202,020 for Question 2 – Flood Control is hereby appropriated from the Unappropriated Fund Balance of the General Obligation Series 2021A Question 2 Bond Fund to the following accounts:

 

AL-3621-129600-G Swope Park Industrial Debt Service $4,550,000.00

AL-3621-808051-B-82000295 Buckeye Creek Bank Stabilization 600,000.000

AL-3621-077020-B-89009996  Public Art – Flood Control 52,020.00

FLOOD TOTAL $5,202,020.00

 

Section 7. That Fund No. 3721, the General Obligation Series 2021A Question 3 Bond Fund, is hereby established in the records of the City of Kansas City, Missouri.

 

Section 8. That the revenue in the following account of the General Obligation Series 2021A Question 3 Bond Fund, is hereby estimated in the following amount:

 

AL-3721-120000-590000 Bond Proceeds $4,545,455.00

 

Section 9. That the sum of $4,545,455.00 is hereby appropriated for Question 3 – Public Buildings from the Unappropriated Fund Balance of the General Obligation Series 2021A Question 3 Bond Fund to the following accounts:

 

AL-3721-078025-B-70175933 Starlight ADA  $3,550,000.00

AL-3721-078024-B-07000800 City Hall Repairs 950,000.00

AL-3721-077030-B-89009996 Public Art – Public Buildings  45,455.00

BUILDINGS TOTAL $4,545,455.00 

 

Section 10. That the Director of Public Works is hereby designated as the requisitioning authority for Account Nos. AL-3521-898035, AL-3521-898012, AL-3521-897701, AL-3521-898077, AL-3521-898015, AL-3521-898011, AL-3521-898014, AL-3521-898013, AL-3521-898035, AL-3521-898071, that the Director of the Parks and Recreation Department is hereby designated as the requisitioning authority for Account No. AL-3521-708015, that the Director of the General Services Department is hereby designated as the requisitioning authority for Account Nos. AL-3521-077010, AL-3621-077020, AL-3721-078025, AL-3721-078024, AL-3721-077030, that the Director of Water Services is hereby designated as the requisitioning authority for Account No. AL-3621-808051, and that the Director of Finance is designated as the requisitioning authority for Accounts No. AL-3621-129600.

 

Section 11. That the City Council hereby declares its official intent to reimburse itself for certain expenditures made within sixty (60) days prior to or on and after the date of this ordinance with respect to appropriations in Section 3, Section 6 and Section 9 (collectively the “Appropriations”) with the proceeds of bonds expected to be issued by the City. The maximum principal amount of bonds expected to be issued for the Appropriations is not to exceed $48,196,970.00. This constitutes a declaration of official intent under Treasury Regulation 1.150-2.

 

Section 12. That the Director of Finance is hereby authorized to close project accounts, open encumbrances and retainage related to the accounts in Section 3, Section 6 and Section 9, and return the unspent portion to the Fund balance from which it came upon the earliest of: (i) Project’s completion; (ii) final maturity of financing or (iii) five years after issuance.

 

Section 13. That this ordinance shall become effective on May 1, 2020.

 

_____________________________________________

 


 

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.

 

 

___________________________________

Tammy L. Queen

Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Katherine Chandler

Assistant City Attorney