COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 970609

 

Establishing the 1997 General Obligation Refunding Bond and Project Funds; estimating and appropriating bond proceeds in the total amount of $8,122,837.00; appropriating $67,788.00 from the Unappropriated Fund Balance of the Sewer Special Assessment Fund; reducing appropriations in the Sewer Special Assessment Bond Fund 1996 by $1,986,000.00; appropriating $1,986,000.00 from the Unappropriated Fund Balance of the Sewer Special Assessment Bond Fund 1996; estimating revenue in the 1997 SRF General Obligation Bond Project Fund in the amount of $1,986,000.00 and appropriating same; appropriating $10,000.00 from the Unappropriated Fund Balance of the General Debt and Interest Fund; designating requisitioning authority; authorizing the transfer of encumbrances; 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. 322, 1997 General Obligation Refunding Bond Fund, is hereby established in the records of the City of Kansas City, Missouri.

 

Section 2. That the Fund No. 324, 1997 SRF General Obligation Bond Project Fund, is hereby established in the records of the City of Kansas City, Missouri.

 

Section 3. That the revenue in the following accounts of the 1997 General Obligation Refunding Bond Fund are hereby estimated in the following amounts:

 

98-322-012-9000 Proceeds from Sale of Bonds $5,730,000.00 98-322-012-8510 Premium on Bonds Sold 339,049.00 98-322-012-9234 Transfer from Sewer Special Assessment 67,788.00 98-322-012-9292 Transfer from Sewer Special Assessment Bond Fund 1996 1,986,000.00

$8,122,837.00

 

Section 4. That the sum of $8,122,837.00 is hereby appropriated from the Unappropriated Fund Balance of the 1997 General Obligation Refunding Bond Fund to the following accounts:

 

98-322-012-9620B Bond Issue Expense $ 280,478.00 98-322-012-9631B Discount on Sale of Bonds 40,191.00 98-322-012-9653G Defeasance of Series 1991 and 1996A 5,816,168.00 98-322-012-9462B Transfer to 1997 SRF General Obligation Bond Project Fund 1,986,000.00

$8,122,837.00

 

Section 5. That the sum of $67,788.00 is hereby appropriated from the Unappropriated Fund Balance of the Sewer Special Assessment Fund to the following account:

 

98-510-012-9463B Transfer to 1997 General Obligation Refunding Bond Fund $ 67,788.00

 

Section 6. That the appropriation in the following accounts of the Sewer Special Assessment Bond Fund 1996 are reduced by the following amounts:

 

97-321-089-7179T Swrs NE 62nd & Drury $1,196,870.00 96-321-089-6109T Little Shoal Creek JDS 64,851.00 98-321-089-6109T Little Shoal Creek JDS 724,279.00 $1,986,000.00

 

Section 7. That the sum of $1,986,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Sewer Special Assessment Bond Fund 1996 to the following account:

 

98-321-012-9463B Transfer to 1997 General Obligation Refunding Bond Fund $1,986,000.00

 

Section 8. That the revenue in the following account of the 1997 SRF General Obligation Bond Project Fund is estimated in the following amount:

 

98-324-012-9293 Transfer from the 1997 General Obligation Refunding Bond Fund $1,986,000.00

 

Section 9. That the sum of $1,986,000.00 is hereby appropriated from the Unappropriated Fund Balance of the 1997 SRF General Obligation Bond Project Fund to the following accounts:

 

98-324-089-7179T Swrs NE 62nd & N. Drury $1,196,870.00 98-324-089-6109T Little Shoal Creek JDS 789,130.00 $1,986,000.00

 

Section 10. That the sum of $10,000.00 is hereby appropriated from the Unappropriated Fund Balance of the General Debt and Interest Fund to the following account:

 

98-501-012-9600G Debt Service $ 10,000.00

 

Section 11. That the Director of Finance is hereby designated as the requisitioning authority for Account Nos. 98-322-012-9620B, 98-322-012-9631B, 98-322-012-9653G, 98-322-012-9462B, 98-510-012-9463B and 98-321-012-9463B. The Director of Public Works is hereby designated as the requisitioning authority for Account Nos. 98-324-089-7179T and 98-324-089-6109T.

 

Section 12. That the Director of Finance is hereby authorized to transfer outstanding encumbrances incurred to date from the following accounts of the Sewer Special Assessment Bond Fund: 97-321-089-7179T and 98-321-089-6109T to the following account of the 1997 SRF General Obligation Bond Project Fund: 98-324-089-7179T and 98-324-089-6109T.

 

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 this ordinance making an appropriation for the current expense of the City 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.

 

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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.

 

 

 

____________________________________

Director of Finance

 

Approved as to form and legality:

 

 

 

___________________________________

Assistant City Attorney