ORDINANCE NO. 080165
Estimating and appropriating $500,000.00 from
the anticipated sale of general obligation bonds; authorizing the Director of
Parks and Recreation to expend $500,000.00 for the Tree Replacement Planting
FY08 project (Project No.70400135); authorizing the Director of Finance to
close out accounts at the end of the project; declaring the Citys intent to
reimburse itself for certain expenditures; and recognizing an emergency.
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That the revenue in the
following account of the 2007 GO Bond Fund is hereby estimated in the following
AL-3393-120000-590000 Proceeds from the Sale of Bonds $500,000.00
Section 2. That the sum of
$500,000.00 is hereby appropriated from the Unappropriated Fund Balance of the
2007 GO Bond Fund to the following accounts:
Replacement Planting FY08 $500,000.00
Section 3. That the Director of
Parks and Recreation is hereby designated as requisitioning authority for Account
Section 4. That upon completion of
the final cost of this contract, the Director of Finance is hereby authorized
to return the unexpended portion of this appropriation to the Unappropriated
Fund Balance from which it was derived.
Section 5. That the City declares
its 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 the
Tree Replacement Planting FY08 project with the proceeds of the bonds expected
to be issued by the City. The maximum principal amount of bonds expected to be
issued for Project is $500,000.00. This constitutes a declaration of official
intent under Treasury Regulation 1-150-2.
Section 6. That this ordinance
is recognized as an emergency measure within the provisions of Section 503 of
the City Charter in that it appropriates money, and shall take effect in
accordance with that section.
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
as to form and legality:
Assistant City Attorney