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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.
__________________________________________________________________
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