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Legislation #: 060241 Introduction Date: 3/2/2006
Type: Ordinance Effective Date: none
Sponsor: None
Title: Estimating and appropriating special assessment collections in association with the 108th _ Cookingham Public Improvement Project within Fund 6820, the Neighborhood Improvement District (“NID Fund”) in the amount of $199,175.00; and designating requisitioning authority.

Legislation History
DateMinutesDescription
3/1/2006 Filed by the Clerk's office
3/2/2006 Referred to Finance and Audit Committee
3/8/2006 Advance and Do Pass, Debate
3/9/2006 Passed

View Attachments
FileTypeSizeDescription
060241.pdf Authenticated 69K Authenticated
108th Cookingham fiscal note(2).xls Fiscal Note 41K Fiscal Note
108th Cookingham Approp 1.xls Other 334K Appropriations
factsheet.xls Fact Sheet 47K Fact Sheet

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ORDINANCE NO. 060241

 

Estimating and appropriating special assessment collections in association with the 108th & Cookingham Public Improvement Project within Fund 6820, the Neighborhood Improvement District (NID Fund) in the amount of $199,175.00; and designating requisitioning authority.

 

WHEREAS, the Missouri Development Finance Board (MDFB) issued its Infrastructure Facilities Revenue Bonds, Series 2005 for the 108th & Cookingham Public Improvement Project; and

 

WHEREAS, Kansas City, Missouri (City) entered into a Financing Agreement (Agreement) dated March 1, 2005 with MDFB, Sunflower Development, L.L.C. and First Bank of Missouri (Trustee); and

 

WHEREAS, the Agreement requires the City to assess special assessments (Special Assessments) against the properties within the NID District Project created by Ordinance No. 010535 passed on April 19, 2001; and

 

WHEREAS, the Agreement requires the City to bill and transfer Special Assessments receipts, subject to annual appropriation, to the Trustee; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 


Section 1. That the revenue in the following account of Fund No. 6820, the Neighborhood Improvement District Fund, is hereby estimated in the following amount:

 

06-6820-120000-484000 Collection from Assessments $199,175.00

 

Section 2. That the sum of $199,175.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 6820, the Neighborhood Improvement District Fund, to the following account:

 

06-6820-129639-B 108th & Cookingham Spec Assessment $199,175.00

 

Section 3. That the Director of Finance is hereby designated as requisitioning authority for Account No. 06-6820-129639.

 

______________________________________________

 


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.

 

 

___________________________

Debra R. Hinsvark

Director of Finance

Approved as to form and legality:

 

 

____________________________

Heather A. Brown

Assistant City Attorney