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Legislation #: 070348 Introduction Date: 3/22/2007
Type: Ordinance Effective Date: none
Sponsor: None
Title: Appropriating $647,835.00 in various funds of the City to pay final costs associated with the construction of the Liberty Memorial Museum Project; designating requisitioning authority; authorizing the Director of Finance to return unexpended appropriations to the appropriate account; and declaring the City’s intent to reimburse itself for certain expenditures.

Legislation History
DateMinutesDescription
3/21/2007 Filed by the Clerk's office
3/22/2007 Referred to Finance and Audit Committee
3/28/2007 Advance and Do Pass, Debate
3/29/2007 Passed

View Attachments
FileTypeSizeDescription
070348.pdf Authenticated 83K Authenticated
Fiscal Note - Liberty Memorial.xls Fiscal Note 24K Fiscal Note
FACT SHEET Liberty Memorial.xls Fact Sheet 30K Fact Sheet

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ORDINANCE NO. 070348

 

Appropriating $647,835.00 in various funds of the City to pay final costs associated with the construction of the Liberty Memorial Museum Project; designating requisitioning authority; authorizing the Director of Finance to return unexpended appropriations to the appropriate account; and declaring the Citys intent to reimburse itself for certain expenditures.

 

WHEREAS, final costs have now been calculated for the completion of the Liberty Memorial Museum Project; and

 

WHEREAS, these final costs are now estimated at $647,835.00 above current appropriations of $24,199,890.00 and reflect final close-out costs associated with project design, one-percent for art, museum equipment, and project management costs; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the revenue in the following account of the 2006 GO Bond Fund is hereby re-estimated in the following amount: 

AL-3392-120000-590000 Proceeds from Sale of Bonds $200,000.00

Section 2. That the sum of $200,000.00 is hereby appropriated from the Unappropriated Fund Balance of the 2006 GO Bond Fund to the following account:

AL-3392-707426-B Liberty Memorial Project $200,000.00

Section 3. That the sum of $447,835.00 is hereby appropriated from the Unappropriated Fund Balance of the Capital Improvements Fund to the following account of the Capital Improvements Fund: 

07-3090-707426-B Liberty Memorial Project $447,835.00

Section 4. That the Board of Parks and Recreation Commissioners is hereby designated as requisitioning authority for 3090-707426.

Section 5. That upon completion of the final costs of this contract, the Director of Finance is hereby authorized to return the unexpended portion of this appropriation to the Unappropriated Fund Balance. 


Section 6. 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 Liberty Memorial Museum Project ("Project") with the proceeds of bonds expected to be issued by the City. The maximum principal amount of bonds expected to be issued for the Project is not to exceed $80,000,000.00. This constitutes a declaration of official intent under Treasury Regulation 1-150-2.

_____________________________________________

 

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 Hinsvark

Director of Finance

 

Approved as to form and legality:

 

 

____________________________________

Mark P. Jones

Assistant City Attorney