ORDINANCE NO. 011299

Establishing the Sewer Refunding Series 2001A Fund; estimating bond proceeds in the amount of $14,386,740.00 in the Sewer Refunding Series 2001A Fund and appropriating it; reducing the appropriation for debt service in the amount of $100,047.00; estimating revenue in the amount of $44,755.00 representing accrued interest, estimating revenue in the amount of $44,600.00 representing estimated arbitrage rebate payment, appropriating $155,422.00 from the Unappropriated Fund Balance of the Sewer Improvement Bond Fund, Series 1992, designating requisitioning authorities; and authorizing the Director of Finance to close project accounts upon completion.

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the Fund Number 873, Sewer Refunding Series 2001A 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 Sewer Refunding Series 2001A Fund is hereby estimated in the following amount:

02-873-012-9000 Proceeds from Sale of Bonds $14,055,000.00

02-873-012-8510 Premium on Bonds Sold 220,918.00

02-873-012-9306 Transfer from Sewer Improvem. Bond Fund 1992 110,822.00

$14,386,740.00

Section 3. That the sum of $14,386,740.00 is hereby appropriated from the Unappropriated Fund Balance of the Sewer Refunding Series 2001A Fund to the following accounts:

02-873-012-9620-B Bond Issue Expense $ 132,406.00

02-873-012-9631-B Discount on Sale of Bonds 44,768.00

02-873-012-9680-G Defeasance of Sewer Improvem. Bond Fund 1992 14,209,566.00

14,386,740.00

Section 4. That the revenue in the following accounts of the Sewer Fund is hereby estimated in the following amounts:

02-811-012-6071 Accrued Interest $ 44,755.00

02-811-012-9306 Transfer from Sewer Improvement Bond Fund 92 44,600.00

$ 89,355.00

Section 5. That the sum of $155,422.00 is hereby appropriated from the Unappropriated Fund Balance of the Sewer Improvement Bond Fund, Series 1992 to the following accounts:

02-816-012-9488-B Transfer to Sewer Refunding Series 2001A $ 110,822.00

02-816-012-9069-B Transfer to Sewer Fund 44,600.00

$ 155,422.00

Section 6. That the appropriation in the following account of the Sewer Fund is hereby reduced by the following amount:

02-811-080-9600-G Debt Service $ 100,047.00

Section 7. That the sum of $44,600.00 is hereby appropriated from the Unappropriated Fund Balance of Sewer Fund to the following account

02-811-012-9690-G Arbitrage Rebate $ 44,600.00

Section 8. That the Director of Finance is hereby designated as the requisitioning authority for Account Nos. 02-811-012-9690-G, 02-816-012-9069-B, 02-816-012-9488B, 02-873-012-9620-B, 02-873-012-9631-B, and 02-873-012-9680-G.

Section 9. 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.

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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.

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Director of Finance

Approved as to form and legality:

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Assistant City Attorney