ORDINANCE NO. 950074

 

Establishing the Health Department Building Fund; establishing the Hospital Hill Housing Fund; reducing revenue in the Todd Hall Health Facility Relocation Fund; reducing appropriations in the Todd Hall Health Facility Relocation Fund; authorizing the Director of Finance to transfer revenue collections and expenditures from the Todd Hall Health Facility Relocation Fund; estimating revenue in the Health Department Building Fund and appropriating same; estimating revenue in the Hospital Hill Housing Fund and appropriating same; estimating revenue in the Equipment Lease Purchase Debt Service Fund; designating requisitioning authority; authorizing the Director of Finance to close project accounts upon completion; declaring the intent of the City to reimburse itself; and recognizing an emergency.

 

WHEREAS, the City of Kansas City, Missouri (the "City") is a political subdivision organized and existing under the Constitution and the laws of the State of Missouri; and

 

WHEREAS, the City may have incurred certain expenditures within the last 60 days and expects to incur certain expenditures on and after the date hereof (the "Expenditures") which have been or will be paid from the 310 Fund, an account maintained by the City for the purpose of financing the relocation of the Todd Hall Health Facility; which Expenditures will be used to pay certain construction and land acquisition costs for the Health Facility Project (the "Project"); and

 

WHEREAS, the City has determined that the funds to be used to pay these Expenditures with respect to the Project are or will be available for a temporary period and it is necessary to reimburse the City for these Expenditures from the proceeds of certain revenue bonds issued by the City through the Missouri Development Finance Board ("MDFB") in 1994 (the "Bonds"); and

 

WHEREAS, as of the date hereof, there are no funds from sources other than the proceeds of the Bonds that are, or are reasonably expected to be, reserved, allocated on a long-term basis, or otherwise set aside by the City pursuant to its budget or financial policy with respect to these Expenditures; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Fund No. 312, Health Department Building Fund, is hereby established in the records of the City of Kansas City, Missouri.

 

Section 2. That the Fund No. 313, Hospital Hill Housing Fund, is hereby established in the records of the City of Kansas City, Missouri.

 

Section 3. That the revenue in the following account of the Todd Hall Health Facility Relocation Fund is hereby reduced by the following amount:

 

93-310-050-8290 Contribution - TMC - Todd Hall $ 5,000,000.00

 

Section 4. That the appropriations in the following accounts of the Todd Hall Health Facility Relocation Fund are hereby reduced by the following amounts:

 

95-310-012-9001B Transfer to General Fund $ 100,000.00 93-310-050-7200T Todd Hall Health Facility Relocation 734,370.00

93-310-050-7201T Health Facility-1% for Art 10,304.00 93-310-089-7223T Health Facility Relocation 1,030,426.00 94-310-089-7223T Health Facility Relocation 90,000.00 95-310-064-7113T Longfellow Heights Phase II 600,000.00 95-310-064-7216T Health Facility Land Transfer 50,000.00 $ 2,615,100.00

 

Section 5. That the Director of Finance is hereby authorized to transfer revenue collected to date from the following accounts of the Todd Hall Health Facility Relocation Fund to the Health Department Building Fund, the Hospital Hill Housing Fund and the Equipment Lease Purchase Debt Service Fund: 93-310-050-8290; 93- 310-012-6000; 94-310-050-6572; and 95-310-050-6570.

 

Section 6. That the Director of Finance is hereby authorized to transfer expenditures incurred to date from the following accounts of the Todd Hall Health Facility Relocation Fund to the Health Department Building Fund and the Hospital Hill Housing Fund: 310-012-9001, 310-050-7200, 310-050-7201, 310-089-7223, 310-064- 7113 and 310-064-7216; the Director of Public Works is hereby authorized to transfer outstanding encumbrances from Account No. 310-089-7223 to the Health Department Building Fund and the Hospital Hill Housing Fund; the Director of Health is hereby authorized to transfer outstanding encumbrances from Account Nos. 310-050-7200 and 310-050-7201 to the Health Department Building Fund; and the Director of City Development is hereby authorized to transfer outstanding encumbrances from Account Nos. 310-064-7113 and 310-064-7216 to the Hospital Hill Housing Fund and the Health Department Building Fund.

 

Section 7. That the revenue in the following accounts of the Health Department Building Fund is hereby estimated in the following amounts:

 

95-312-012-6000 Interest on Investments $ 325,000.00 95-312-012-9000 Proceeds from Sale of Bonds 12,103,511.00 95-312-012-9011 Proceeds from Sale of Bonds -- Bond Issue Expense 419,989.00

95-312-012-9012 Proceeds from Sale of Bonds -- Debt Service Reserve 1,319,500.00

95-312-050-6570 Medicaid Incentive Payments-TMC 875,000.00 95-312-050-6572 Medicaid Incentive Payments-CMH 958,203.00 95-312-050-8290 Contribution - TMC - Todd Hall 2,800,000.00 95-312-050-8291 Contribution - CMH - Todd Hall 59,135.00 $18,932,338.00

 

Section 8. That the sum of $18,932,338.00 is hereby appropriated from the Unappropriated Fund Balance of the Health Department Building Fund to the following accounts:

 

95-312-012-9611B Debt Service Reserve $ 1,391,500.00 95-312-012-9620B Bond Issue Expense 255,096.00 95-312-012-9631B Discount on Sale of Bonds 164,893.00 95-312-050-7200T Todd Hall Health Facility Relocation 336,164.00

95-312-050-7201T Health Facility - 1% for Art 130,936.00 95-312-050-7241T Health Facility Land Acquisition 1,000.00 95-312-064-7216T Health Facility Land Transfer 50,000.00 95-312-089-7223T Health Facility Relocation 1,075,426.00 95-312-089-7240T Health Facility Demolition & Environment 369,688.00

95-312-089-7242T Health Facility Construction 15,157,635.00 $18,932,338.00

 

Section 9. That the revenue in the following account of the Hospital Hill Housing Fund is hereby estimated in the following amount:

 

95-313-050-8290 Contribution - TMC - Todd Hall $ 2,200,000.00

 

Section 10. That the sum of $2,200,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Hospital Hill Housing Fund to the following accounts:

 

95-313-012-9001B Transfer to General Fund $ 100,000.00 95-313-064-7113T Longfellow Heights Phase II 600,000.00 95-313-050-7200T Todd Hall Health Facility Relocation 398,206.00

95-313-089-7223T Health Facility Relocation 45,000.00 95-313-064-7217T Housing 1,056,794.00 $ 2,200,000.00

 

Section 11. That the revenue in the following accounts of the Equipment Lease Purchase Debt Service Fund is hereby estimated in the following amounts:

 

95-523-012-6071 Accrued Interest-Sale of Bonds $ 40,230.00 95-523-012-6570 Medicaid Incentive Payments-TMC 875,000.00

 

Section 12. That the Director of Finance is hereby designated requisitioning authority for Account Nos. 312-012-9611, 312-012- 9620, 312-012-9631 and 313-012-9001; the Director of Health is hereby designated requisitioning authority for Account Nos. 312- 050-7200, 312-050-7201 and 312-050-7241; the Director of City Development is hereby designated requisitioning authority for Account Nos. 312-064-7216, 313-064-7113 and 313-064-2022; and the Director of Public Works is hereby designated requisitioning authority for Account Nos. 312-089-7223, 312-089-7240, 312-089-7242 and 313-089-7223.

 

Section 13. 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 14. That the City declares the intent of the City to reimburse itself for certain Expenditures made within 60 days prior to or on and after the date hereof with respect to the Project with proceeds of the Bonds.

 

Section 15. That the Expenditures for which the City will reimburse itself pursuant to this Resolution are "original expenditures," as defined in Treasury Regulation Section 1.150- 2(c), which qualify under Treasury Regulation Section 1.150- 2(d)(3).

 

Section 16. 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