ORDINANCE NO. 961222

Establishing the Water Refunding Revenue Bond Fund, Series 1996A; estimating bond proceeds in the Water Refunding Revenue Bond Fund, Series 1996A in the amount of $49,094,731.00 and appropriating it; estimating revenue in the Water Fund and reducing appropriations in the Water Fund; appropriating $1,844,850.00 from the Unappropriated Fund Balance of the Water 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 Fund Number 808, Water Refunding Revenue Bond Fund, Series 1996A is hereby established in the records of the City of Kansas City, Missouri.

Section 2. That the revenue in the following accounts of the Water Refunding Revenue Bond Fund, Series 1996A is estimated in the following amounts:

97-808-012-9000 Proceeds from Sale of Bonds $45,550,000.00 97-808-012-6004 Interest on Investment-Defeasance Escrow 1,698,020.00 97-808-012-8510 Premium on Bonds Sold 1,861.00 97-808-012-9237 Transfer from Water Fund 1,844,850.00 $49,094,731.00

Section 3. That the sum of $49,094,731.00 is appropriated from the Unappropriated Fund Balance of the Water Refunding Revenue Bond Fund, Series 1996A to the following accounts:

97-808-012-9620B Bond Issue Expense $ 209,711.00 97-808-012-9631B Discount on Sale of Bonds 227,750.00 97-808-012-9658G Defeasance of 7th Issue, Series A and B 48,657,270.00 $49,094,731.00

Section 4. That the revenue in the following account of the Water Fund is estimated in the following amount:

97-801-012-6071 Accrued Interest-Sale of Bonds $ 53,915.00

Section 5. That the appropriation in the following account of the Water Fund is reduced by the following amount:

97-801-012-9600 Debt Service $ 1,980,662.00

Section 6. That the sum of $1,884,850.00 is appropriated from the Unappropriated Fund Balance of the Water Fund to the following account:

97-801-012-9074B Transfer to Water Refunding Revenue Fund $ 1,844,850.00

Section 7. That the Director of Finance is designated as the requisitioning authority for Account Nos. 97-808-012-9620B, 97-808-012-9631B, 97-808-012-9658G and 97-801-012-9074B.

Section 8. That the Director of Finance is authorized to close project accounts upon completion and return the unspent portion of the appropriation to the fund balance from which it came.

Section 9. That this ordinance, as a general appropriation measure, is recognized as an emergency within the provisions of Section 15, Article II of the Charter of Kansas City, and takes 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