ORDINANCE NO. 051090

 

Establishing Fund No. 8650, Special Facilities Fund; estimating revenue in the amount of $41,294,188.00 in Fund No. 8650 and appropriating it; estimating and appropriating revenue in the amount of $842,028.00 in Fund No. 5230, the City Equipment Lease Debt Fund, for debt service payments; designating requisitioning authority; authorizing the Director of Finance to close accounts upon project completion,; and recognizing an emergency.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Fund No. 8650, the Special Facilities Fund, is hereby established in the records of the City of Kansas City, Missouri.

 

Section 2. That the revenue in the following account of Fund No. 8650, the Special Facilities Fund, is hereby estimated in the following amount:

 

AL-8650-620000-590000 Proceeds from Sale of Bonds $31,040,000.00

AL-8650-620000-485100 Premium on Bonds Sold 543,777.00

AL-8650-620000-480440 Contribution- MDFB Tax Credits 8,888,888.00

AL-8650-620000-460000 Interest on Investments 74,727.00

AL-8650-620000-451110 Proceeds from the CID Sales Tax 583,333.00

AL-8650-620000-470310 Proceeds from Airline Lease Pmts 163,463.00

TOTAL $41,294,188.00

 

Section 3. That the sum of $41,294,188 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 8650, the Special Facilities Fund, to the following accounts:

 

AL-8650-129620-G Bond Issue Expense $ 172,000.00

AL-8650-129611-G Special Facilities Debt Service Reserve 2,543,138.00

AL-8650-129631-G Underwriters Discount on Sale of Bond 434,250.00

AL-8650-629600-G Interest Expense on Bonds 745,796.00

AL-8650-629600-G Fiscal Agent Fees 1,000.00

AL-8650-129632-G Original Issue Discount 398,004.00

AL-8650-627270-B MCI Overhaul Base Super Hangar 32,000,000.00

AL-8650-627270-B MCI Overhaul Base Remainder 5,000,000.00

TOTAL $41,294,188.00

 

Section 4. That the revenue in the following account of Fund No. 5230, the City Equipment Lease Debt Fund, is hereby estimated in the following amount:

 

06-5230-120000-466150 Contribution for Contingent Debt $ 842,028.00

 

Section 5. That the sum of $842,028.00 is hereby appropriated from the Unappropriated Fund Balance of the Fund No. 5230, the City Equipment Lease Debt Fund, to the following account:

 

06-5230-629600-G Interest Expense on Bonds $ 842,028.00

Section 6. That the Director of Finance is hereby designated as requisitioning authority for Account Nos. AL-8650-129620, AL-8650-129611, AL-8650-129631, AL-8650-129632; and that the Director of Aviation is hereby designated as requisitioning authority for Account Nos. AL-8650-627270 and AL-8650-629600.

 

Section 7. That the Director of Finance is hereby authorized to close accounts upon project completion as directed by the bond covenants.

 

Section 8. That this ordinance is recognized as an emergency measure within the provisions of Section 15, Article II of the Charter of the City of Kansas City, and takes 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.

 

 

___________________________________

Wanda Gunter

Acting Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Heather A. Brown

Assistant City Attorney

 

 

 

Approved as to form and legality:

 

 

 

________________________

Assistant City Atto