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Legislation #: 130838 Introduction Date: 10/24/2013
Type: Ordinance Effective Date: none
Sponsor: None
Title: Renaming Fund No. 3332, the 2013C Special Obligation Bond Fund, estimating and appropriating revenue in Fund 3431, the 2013B Special Obligation Bond Fund and Fund 3332, the 2013C Special Obligation Bond Fund, recording the sale of the Series 2013B and 2013C Special Obligation Bonds, appropriating $14,000,000.00 in Fund No. 3431 for the East Patrol Project and $5,000,000.00 in Fund No. 3332 for the City Market Project; appropriating debt service for FY 2013-14, transferring monies from funds 3670, 3650 and 5300 to fund 3431, designating requisitioning authorities; authorizing the Director of Finance to close project accounts upon completion and recognizing an emergency.

Legislation History
DateMinutesDescription
10/23/2013 Filed by the Clerk's office
10/24/2013 Referred to Finance, Governance & Ethics Committee
10/30/2013 Advance and Do Pass, Debate
10/31/2013 Passed

View Attachments
FileTypeSizeDescription
130838.pdf Authenticated 392K Authenticated
2013B C E A Fact Sheet 10-7-13.pdf Fact Sheet 85K 130838 Fact Sheet
130838 Fiscal Note.pdf Fiscal Note 168K Fiscal Note
2013B C Admin Approp E A Ordinance.pdf Other 57K SO 2013B & C Admin & Approp E& A Ordinance

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ORDINANCE NO. 130838

 

Renaming Fund No. 3332, the 2013C Special Obligation Bond Fund, estimating and appropriating revenue in Fund 3431, the 2013B Special Obligation Bond Fund and Fund 3332, the 2013C Special Obligation Bond Fund, recording the sale of the Series 2013B and 2013C Special Obligation Bonds, appropriating $14,000,000.00 in Fund No. 3431 for the East Patrol Project and $5,000,000.00 in Fund No. 3332 for the City Market Project; appropriating debt service for FY 2013-14, transferring monies from funds 3670, 3650 and 5300 to fund 3431, designating requisitioning authorities; 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 name of Fund No. 3332, the Special Obligation Bonds 2013, is hereby changed to the 2013C Special Obligation Bond Fund.

 

Section 2. That the sum of $4,900,964.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 3670, the KCMAC Series C3 (ERP Project) Fund, to the following accounts:

 

AL-3670-129998-903431 Transfer to 2013B Special Obligation $ 491,256.00 Bond Fund

AL-3670-129998-905230 Transfer to Equipment Lease Debt Service

Fund 6.00

AL-3670-129998-903431 Transfer to 2013B Special Obligation 4,920.00 Bond Fund

AL-3670-129998-903431 Transfer to 2013B Special Obligation 4,404,728.00 Bond Fund

AL-3670-129998-905230 Transfer to Equipment Lease Debt Service

Fund 54.00

TOTAL $ 4,900,964.00

Section 3. That the sum of $1.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 3650, the KCMAC Series C1 (Zona Rosa) Fund, to the following account:

 

AL-3650-129998-905230 Transfer to Equipment Lease Debt

Service Fund $ 1.00

Section 4. That the sum of $1,534,153.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 5300, the STIF Brush Cr/Blu Pkwy/Town Ctr Fund, to the following account:

 

14-5300-129998-903431 Transfer to 2013B Special Obligation $ 1,534,153.00 Bond Fund

 

Section 5. That the revenue in the following accounts of Fund No. 5230, the Equipment Lease Debt Service Fund, is hereby estimated in the following amounts:

 

14-5230-120000-503670 Transfer from KCMAC Series C3 $ 60.00

14-5230-120000-503650 Transfer from KCMAC Series C1 1.00

TOTAL $ 61.00

 

Section 6. That the revenue in the following accounts of Fund No. 3431, the 2013B Special Obligation Bond Fund, is hereby estimated in the following amounts:

 

AL-3431-120000-590000 Proceeds from Sale of Bonds $40,290,000.00

AL-3431-120000-485100 Reoffering Premium 3,758,253.00

AL-3431-120000-503670 Transfer from KCMAC 2003C

(ERP) 4,900,904.00

AL-3431-120000-505300 Transfer from STIF Brush

Cr/Blue Pkwy 1,534,153.00

TOTAL $50,483,310.00

Section 7. That the sum of $50,483,310.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 3431, the 2013B Special Obligation Bond Fund, to the following accounts:

 

AL-3431-129632-B Original Issue Discount $ 130,019.00

AL-3431-129620-B Bond Issuance Expense 206,589.00

AL-3431-129631-B Underwriters Discount 190,358.00

AL-3431-129686-B 2013B Rebate Subaccount 10,000.00

AL-3431-078023-B Public Infrastructure (East Patrol) 14,000,000.00

AL-3431-129998-902320 Transfer to Fund 2320 (Capitalized Interest) 186,641.00

AL-3431-129671-G Defeasance of KCMAC 2003C 21,512,555.00

AL-3431-129671-G Defeasance of TIF 2004 14,247,148.00 TOTAL $50,483,310.00

 

Section 8. That the revenue in the following account of Fund No. 2320, the Public Safety Sales Tax Fund, is hereby estimated in the following amount:

 

14-2320-120000-503431 Transfer from 2013B Special Obligation

Bond Fund $ 186,641.00

 

Section 9. That the sum of $187,061.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 2320, the Public Safety Sales Tax Fund, to the following account:

 

14-2320-129683-G Public Improvement Project Debt Service $ 187,061.00

 


Section 10. That the sum of $71,010.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 2360, the Convention and Tourism Fund, to the following account:

 

14-2360-639740-G Municipal Auditorium Project Debt

Service $ 71,010.00

Section 11. That the appropriation in the following account of Fund No. 5230, Equipment Lease Debt Service Fund, is hereby reduced by the following amount:

14-5230-129676-G KCMAC 2003C-3 (ERP) $ 480,371.00

 

Section 12. That the sum of $480,371.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 5230, the Equipment Lease Debt Service Fund, to the following account:

 

14-5230-129998-903670 Transfer to KCMAC2003C-3(ERP) $ 480,371.00

Section 13. That the revenue in the following account of Fund No. 3670, the KCMAC Series C3 (ERP) Fund, is hereby estimated in the following amount:

 

AL-3670-120000-505230 Transfer from Eq. Lease Debt Service $ 480,371. 00

Section 14. That the revenue in the following account of Fund No. 3332, the 2013C Special Obligation Bond Fund, is hereby estimated in the following amount:

 

AL-3332-120000-590000 Proceeds from Sale of Bonds $10,672,866.00

Section 15. That the sum of $10,672,866.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 3332, the 2013C Special Obligation Bond Fund, to the following accounts:

 

AL-3332-129620-B Bond Issuance Expense $ 94,248.00

AL-3332-129631-B Underwriters Discount 82,618.00

AL-3332-129671-G Defeasance of the East Village

Note Principal 5,438,000.00

AL-3332-129671-G Defeasance of Interest 20,000.00

AL-3332-129998-905301 Transfer to Fund 5301 (STIF East

Village) 38,000.00

AL-3332-078027-B City Market Building Improvements 1,826,533.00

AL-3332-648027-B City Market Improvements 2,583,467.00

AL-3332-897701-B City Market Sidewalks 400,000.00

AL-3332-898407-B City Market Parking Lots 190,000.00 TOTAL $10,672,866.00


Section 16. That the revenue in the following account of Fund No. 5301, STIF East Village Fund, is hereby estimated in the following amount:

 

14-5301-120000-503332 Transfer from 2013C Special Obligation

Bond Fund $ 38,000.00

Section 17. That the revenue is re-estimated in the following accounts:

 

14-1000-120000-451151 Local Use Tax – Contra $ 23,900.00

14-1000-120000-452111 Earnings Tax W/H – Contra 520,247.00

14-1000-120000-452121 Earnings Tax Profit – Contra 209,900.00

14-1000-120000-453001 Power and Light – Contra 90,800.00

14-1000-120000-453101 Natural Gas – Contra 200.00

14-1000-120000-453201 Telephone – Contra 10,400.00

14-1000-120000-453251 Cable TV – Contra 100.00

14-2030-120000-451101 Parks and Recreation Sales Tax – Contra 19,600.00

14-2080-120000-451101 Public Mass Transportation Sales Tax -

Contra 18,300.00

14-2290-120000-451101 KCATA Sales Tax – Contra 14,900.00

14-2300-120000-451101 Fire Sales Tax – Contra 9,800.00

14-2320-120000-451101 Public Safety Sales Tax – Contra 9,800.00

14-3090-120000-451101 Capital Improvements Sales Tax – Contra 39,600.00

TOTAL $ 967,547.00

Section 18. That the sum of $967,547.00 is hereby appropriated from the Unappropriated Fund Balance Fund No. 1000, the General Fund, to the following account:

 

14-1000-129684-G Soccer Village Project Debt Service $ 967,547.00

Section 19. That the Director of Finance is hereby designated as requisitioning authority for Account Nos. AL-3431-129631, AL-3431-129620, AL-3431-129632, AL-3431-129998-902320, AL-3431-129686, AL-3431-129671, AL-3332-129631, AL-3332-129620, AL-3332-129671, AL-3332-129998-905301, AL-3670-129998-903431, AL-3670-129998-905230, 14-5300-129998-903431, 14-2320-129683, AL-3650-129998-905230, 14-5230-129998-903670, 14-1000-129684 and 14-2360-639740.

 

Section 20. That the Director of General Services is designated as requisitioning authority for Account Nos. AL-3431-078023 and AL-3332-078027.

 

Section 21. That the Director of City Planning and Development is designated as requisitioning authority for Account No. AL-3332-648027.

 

Section 22. That the Director of Public Works is designated as requisitioning authority for Account Nos. AL-3332-897701 and AL-3332-898407.

Section 23. 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 24. Declaration of Emergency. This ordinance is recognized as an emergency measure within the provisions of Section 503(a)(3)(c) of the City Charter in that it appropriates money and shall take effect in accordance with that section.

 

_____________________________________________

 

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.

 

 

___________________________________

Randall J. Landes

Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Sarah Baxter

Assistant City Attorney