ORDINANCE NO. 961113

Estimating revenue in the KCMAC Kemper Arena/Municipal Auditorium Bond Fund; appropriating from the Unappropriated Fund Balance of the KCMAC Kemper Arena/Municipal Auditorium Bond Fund; estimating revenue in the Municipal Auditorium User Fee Fund and appropriating same; estimating revenue in the General Fund; appropriating from the Unappropriated Fund Balance of the General Fund; designating requisitioning authority; authorizing the Director of Finance to close project accounts upon completion; authorizing a contract with Taylor Ball, L.C., in the amount of $2,347,000.00 for the Municipal Auditorium Improvements project; authorizing the Director of Public Works to expend $2,460,000.00 in previously appropriated funds for the project; and recognizing an emergency.

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the revenue in the following account of the KCMAC Kemper Arena/Municipal Auditorium Bond Fund is hereby estimated in the following additional amount:

97-396-012-9000 Proceeds from Sale of Bonds $4,000,000.00

Section 2. That the sum of $8,721,607.00 is hereby appropriated from the Unappropriated Fund Balance of the KCMAC Kemper Arena/Municipal Auditorium Bond Fund to the following accounts:

97-396-012-9612B Capitalized Interest $2,000,000.00 97-396-012-9620B Bond Issue Expense 400,000.00 97-396-012-9631B Discount on Sale of Bonds 175,000.00 97-396-089-7746T Kemper Arena Remodeling 3,636,607.00 97-396-089-7747T Municipal Auditorium Arena Remodeling 2,510,000.00 $8,721,607.00

Section 3. That the revenue in the following account of the Municipal Auditorium User Fee Fund is hereby estimated in the following additional amount:

97-632-063-5711 Municipal Auditorium User Fees $ 38,559.00

Section 4. That the sum of $38,559.00 is hereby appropriated from the Unappropriated Fund Balance of the Municipal Auditorium User Fee Fund to the following account:

97-632-012-9001B Transfer to General Fund $ 38,559.00

Section 5. That the revenue in the following accounts of the General Fund is hereby estimated in the following amounts:

97-100-012-6071 Accrued Interest-Sale of Bonds $ 21,650.00 97-100-012-9240 Transfer from User Fee Fund 38,559.00 97-100-063-5700 American Royal Concessions 192,000.00 97-100-063-5710 Arena User Fees 350,000.00 $ 602,209.00

Section 6. That the appropriation in the following account of the General Fund is hereby increased by the following amount:

97-100-012-9600G Debt Service $ 602,209.00

Section 7. That the Director of Finance is hereby designated requisitioning authority for Account Nos. 396-012-9612, 396-012-9620, 396-012-9631 and 632-012-9001.

Section 8. 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 9. That the work of constructing improvements for the Municipal Auditorium, 13th Street and Wyandotte, Kansas City, Missouri, is hereby provided for and authorized.

Section 10. That the work shall be done in accordance with the plans, specifications, and the contract therefor between Kansas City, Missouri, through its Director of Public Works, and Taylor Ball, L.C., in the amount of $2,347,000.00, which contract is hereby approved and confirmed. A copy of the contract is on file in the office of the Director of Public Works and is incorporated herein by reference.

Section 11. That the Director of Public Works is hereby authorized to expend the sum of $2,460,000.00 from funds heretofore appropriated to Account No. 97-396-089-7747T as and for consideration in the aforesaid contract and related contingencies.

Section 12. That this ordinance, making an appropriation for the current expense of the City government, is recognized as an emergency measure within the provisions of Section 15, Article II of the Charter of Kansas City, and shall take effect immediately upon passage.

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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