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Legislation #: 961600 Introduction Date: 12/12/1996
Type: Ordinance Effective Date: 1/9/1997
Sponsor: None
Title: Establishing the Harley Davidson TIRB 96B _ MDFB Fund; estimating and appropriating bond and loan proceeds in the Harley Davidson TIRB 96B _ MDFB Fund in the amount of $5,635,000.00; estimating revenue in the Equipment Lease Debt Fund; designating requisitioning authority; authorizing the Director of Finance to close project accounts upon completion; and recognizing an emergency.

Legislation History
DateMinutesDescription
12/12/1996

Prepare to Introduce

12/12/1996

Referred Finance & Administration Committee

12/18/1996

Do Pass

12/19/1996

Assigned to Third Read Calendar

12/23/1996

Held on Docket

12/30/1996

Held on Docket

1/9/1997

Passed


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ORDINANCE NO. 961600

 

Establishing the Harley Davidson TIRB 96B & MDFB Fund; estimating and appropriating bond and loan proceeds in the Harley Davidson TIRB 96B & MDFB Fund in the amount of $5,635,000.00; estimating revenue in the Equipment Lease Debt 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 No. 326, Harley Davidson TIRB 96B & MDFB Fund, is hereby established in the records of the City of Kansas City, Missouri.

 

Section 2. That the revenue in the following accounts of the Harley Davidson TIRB 96B & MDFB Fund is hereby estimated in the following amounts:

 

97-326-012-9000 Proceeds from Sale of Bonds $4,135,000.00 97-326-012-9020 Proceeds from MDFB Loan 1,500,000.00 $5,635,000.00

 

Section 3. That the sum of $5,635,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Harley Davidson TIRB 96B & MDFB Fund to the following accounts:

 

97-326-012-9620B Bond Issue Expense $ 258,312.00 97-326-012-9631B Discount on Sale of Bonds 51,688.00 97-326-064-7030T Harley Site Acquisition & Preparation 825,000.00 97-326-064-7031T Harley Davidson Air Pollution Control Equipment 3,000,000.00 97-326-089-7031T Harley Infrastructure Improvements 1,500,000.00 $5,635,000.00

 

Section 4. That the revenue in the following account of the Equipment Lease Debt Fund is hereby estimated in the following amount:

 

97-523-012-6071 Accrued Interest-Sale of Bonds $ 3,630.00

 

Section 5. That the Director of Finance is hereby designated requisitioning authority for Account Nos. 97-326-012-9620B and 97-326-012-9631B, the Director of City Planning and Development is hereby designated requisitioning authority for Account Nos. 97-326-064-7030T and 97-326-064-7031T and the Director of Public Works is hereby designated requisitioning authority for Account No. 97-326-089-7031T.

 

Section 6. That the Director of Finance is hereby 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 7. That this ordinance, making an appropriation for the current expense of the City government, 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