ORDINANCE NO. 980826

Estimating revenue in the Public Safety Bond Series 1991 in the amount of $227,761.00 and the Capital Improvement GAN Fund in the amount of $92,241.00; appropriating the same amounts in the Public Safety Bond Series 1991 and the Capital Improvement GAN Fund for arbitrage rebate; authorizing the expenditure of $224,587.00 in the Sewer Fund for arbitrage rebate; reducing appropriation in the KCMAC Leasehold Revenue Capital Improvement 1990A and 1993A Funds in the amount of $515,869.00 and appropriating it for arbitrage rebate; designating requisitioning authority; and authorizing the expenditure of $1,068,458.00 to the Internal Revenue Service for arbitrage rebate.

BE IT ORDAINED BY HE COUNCIL OF KANSAS CITY:

Section 1. That the revenue in the following accounts of the Public Safety Bond Series 1991 Fund is estimated in the following amounts:

92-375-012-6000 Interest on Investment $ 119,864.00

92-375-012-9000 Proceeds on Bond Sale 72,182.00

93-375-012-6000 Interest on Investments 35,715.00

Total $ 227,761.00

Section 2. That the sum of $227,761.00 is appropriated from the Unappropriated Fund Balance of the Public Safety Bond Series 1991 Fund to the following account:

99-375-012-9690G Arbitrage Rebate $ 227,761.00

Section 3. That the revenue in the following account of the Capital Improvement GAN Fund is estimated in the following amount:

92-305-012-6000 Interest on Investment $ 92,241.00

Section 4. That the sum of $92,241.00 is appropriated from the Unappropriated Fund Balance of the Capital Improvement GAN Fund to the following account:

99-305-012-9690G Arbitrage Rebate $ 92,241.00

Section 5. That the Director of Finance is designated as requisitioning authority for Account Nos. 99-375-012-9690 and 99-305-012-9690.

Section 6. That the Director of Water Services is authorized the Director of Finance to expend up to $224,587.00 from funds previously appropriated to the Sewer Fund, Account No. 99-811-080-9600 for arbitrage rebate on the Sewerage System Refunding and Improvement Revenue Bond Series 1992.

Section 7. That the appropriation in the KCMAC Leasehold Revenue Capital Improvement 1993A Fund is decreased by the following amount:

97-399-089-7556T Paseo Bridge Over Brush Creek $ 515,869.00

Section 8. That the sum of $515,869.00 is appropriated from the Unappropriated Fund Balance of the KCMAC Leasehold Revenue Capital Improvement 1993A Fund to the following account:

99-399-012-9690G Arbitrage Rebate Payment $ 515,869.00

Section 9. That the following appropriations in the KCMAC Lease Revenue Capital Improvement 1990 Fund are decreased by the following amount:

92-381-012-9620B Bond Issue Expense $ 869.00

93-381-012-9690G Arbitrage Rebate Payment $ 515,000.00

Section 10. That the sum of $515,869.00 is appropriated from the Unappropriated Fund Balance of the KCMAC Lease Revenue Capital Improvement 1990 Fund to the following account:

92-381-089-7556T Paseo Bridge Over Brush Creek $ 515,869.00

Section 11. That the Director of Finance is authorized to expend $1,060,458.00 for arbitrage rebate to the Internal Revenue Services from funds appropriated previously and in this ordinance to the following accounts:

99-399-012-9690G Arbitrage Rebate Payment $ 515,869.00

99-375-012-9690G Arbitrage Rebate Payment 227,761.00

99-305-012-9690G Arbitrage Rebate Payment 92,241.00

99-811-080-9600G Debt Service 224,587.00

Total $ 1,060,458.00

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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