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Legislation #: 011683 Introduction Date: 11/29/2001
Type: Ordinance Effective Date: 12/30/2001
Sponsor: None
Title: Establishing the 2001B SRF Sewer Revenue Bond Fund; estimating bond proceeds in the 2001B SRF Sewer Revenue Bond Fund in the amount of $17,836,786.00; estimating revenue in the Sewer Fund representing accrued interest in the amount of $43,076.00; designating requisitioning authorities; and authorizing the Director of Finance to close project accounts upon completion.

Legislation History
DateMinutesDescription
11/29/2001

Prepare to Introduce

11/29/2001

Referred Finance and Audit Committee

12/12/2001

Do Pass

12/13/2001

Assigned to Third Read Calendar

12/20/2001

Passed


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ORDINANCE NO. 011683

 

Establishing the 2001B SRF Sewer Revenue Bond Fund; estimating bond proceeds in the 2001B SRF Sewer Revenue Bond Fund in the amount of $17,836,786.00; estimating revenue in the Sewer Fund representing accrued interest in the amount of $43,076.00; 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 Fund Number 874, 2001B SRF Sewer Revenue Bond Fund is hereby established in the records of the City of Kansas City, Missouri.

 

Section 2. That the revenue in the following accounts of the 2001B SRF Sewer Revenue Bond Fund is hereby estimated in the following amounts:

 

02-874-012-9000 Proceeds from Sale of Bonds $17,000,000.00

02-874-012-8510 Premium on Bonds Sold 836,786.00

$17,836,786.00

 

Section 3. That the sum of $17,836,786.00 is hereby appropriated from the Unappropriated Fund Balance of the 2001B SRF Sewer Revenue Bond Fund to the following accounts:

 

02-874-012-9620-B Bond Issue Expense $ 200,535.00

02-874-012-9631-B Discount on Sale of Bonds 90,998.00

02-874-080-7790-T Sewers 7,173,000.00

02-874-080-7791-T Wastewater Facilities 10,372,253.00

$17,836,786.00

 

Section 4. That the revenue in the following account of the Sewer Fund is hereby estimated in the following amount:

 

02-811-012-6071 Accrued Interest $ 43,076.00

 

Section 5. That the Director of Finance is hereby designated as the requisitioning authority for Account Nos. 02-874-012-9620-B and 02-874-012-9631-B, and that the Director of Water Services is hereby designated as the requisitioning authority for Account Nos. 02-874-080-7790-T and 02-080-874-7791-T.

 

Section 6. 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.

 

_________________________________________________________________

 


 

I hereby certify that there is a balance, otherwise unencumbered, to the credit of the appropriation to which the foregoing expenditures are 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