COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 050106

Amending the name of the 2004C MDNR Sanitary Sewer Loan Project Fund (Fund No 8178), estimating bond proceeds from the sale of Sanitary Sewer System SRF Revenue Bonds, Series 2004H in the amount of $11,011,318.00 and appropriating them; designating requisitioning authorities; and authorizing the Director of Finance to close project accounts upon completion.

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the name of Fund No. 8178, 2004C MDNR Sanitary Sewer Loan Project Fund, is hereby amended to 2004C MDNR Loan/2004H Sewer SRF Bond Fund, in the records of the City of Kansas City, Missouri.

Section 2. That the revenue in the following accounts of the 2004C MDNR Loan/2004H Sewer SRF Bond Fund (Fund No. 8178), is hereby estimated in the following amounts:

AL-8178-800000-590000 Proceeds from Sale of Bonds $10,500,000.00

AL-8178-800000-485100 Premium on Bonds Sold 511,318.00

TOTAL $11,011,318.00

Section 3. That the sum of $11,011,318.00 is hereby appropriated from the Unappropriated Fund Balance of the 2004C MDNR Loan/2004H Sewer SRF Bond Fund (Fund No. 8178) to the following accounts:

AL-8178-129632-B Original Issue Discount $ 25,251.00

AL-8178-129631-B Underwriters Discount on Sale of Bonds 65,419.00

AL-8178-129620-B Bond Issue Expense 138,270.00

AL-8178-129679-B Loan Repayment 10,000,000.00

AL-8178-807790-B Sewers 782,378.00

TOTAL $11,011,318.00

Section 4. That the Director of Finance is hereby designated as the requisitioning authority for Account Nos. AL-8178-129620, AL-8178-129631, AL-8178-129632 and AL-8178-129679, and the Director of Water Services is hereby designated as the requisitioning authority for Account No. AL-8178-807790.

Section 5. 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.

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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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Wanda Gunter

Acting Director of Finance

Approved as to form and legality:

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Heather A. Brown

Assistant City Attorney