ORDINANCE NO. 980210

Authorizing the Director of Finance to execute any and all documents and agreements necessary for the financing of various capital equipment for Kemper Arena and the Municipal Auditorium under a Master Lease Purchase Agreement; estimating revenue in the sum of $24,505.57 in the Equipment Lease Debt Service Fund and appropriating it for debt service in fiscal year 1998; and designating requisitioning authority.

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the Director of Finance is authorized to accept the proposal of GE Capital Public Finance, Inc. for financing capital equipment through a lease purchase agreement and the Director of Finance is authorized to execute, in the name of the City, any and all documents and agreements necessary to complete such financing.

Section 2. That the appropriation in the following account of the General Fund is reduced by the following amount:

98-100-063-2200-B ARC Customer Operations $24,505.57

Section 3. That the sum of $24,505.57 is hereby appropriated from the Unappropriated Fund Balance of the General Fund of the following account:

98-100-012-9023-B Transfer to Lease Debt Service $24,505.57

Section 4. That the revenue in the following account of the Equipment Lease Debt Service Fund is hereby estimated in the following additional amount:

98-523-012-9200 Transfer from General Fund $24,505.57

Section 5. That the sum of $24,505.57 is hereby appropriated from the Unappropriated Fund Balance of the Equipment Lease Debt Service Fund to the following accounts:

98-523-012-9731-G Kemper Arena Video Display - 1998 $12,822.85

98-523-012-9732-G Municipal Auditorium Video Display - 1998 11,682.72

$24,505.57

Section 6. That the Director of Finance is hereby designated as the requisitioning authority for Account Nos. 98-523-012-9731-G and 98-523-012-9732-G.

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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