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Legislation #: 090672 Introduction Date: 8/6/2009
Type: Ordinance Effective Date: 8/23/2009
Sponsor: None
Title: Establishing Fund No. 3331, the Special Obligation Bonds 2009E – Performing Arts Garage Fund; estimating $53,236,704.00 in revenue in that Fund and appropriating it; designating requisitioning authorities; and authorizing the Director of Finance to close project accounts upon completion.

Legislation History
DateMinutesDescription
8/4/2009 Filed by the Clerk's office
8/6/2009 Referred to Finance and Audit Committee
8/12/2009 Advance and Do Pass, Consent
8/13/2009 Passed

View Attachments
FileTypeSizeDescription
090672.pdf Authenticated 75K AUTHENTICATED
http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=090672 Video Link 0K http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=090672
Perf Arts Admin Approp.xls Other 333K Admin & Approp Worksheet
PAC E A Fiscal Note.xls Fiscal Note 29K Fiscal Note
PAC E A Fact Sheet.xls Fact Sheet 51K Fact Sheet

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ORDINANCE NO. 090672

 

Establishing Fund No. 3331, the Special Obligation Bonds 2009E Performing Arts Garage Fund; estimating $53,236,704.00 in revenue in that Fund and appropriating it; 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 Fund No. 3331, Special Obligation Bonds 2009E Performing Arts Garage Fund is hereby established in the records of the City of Kansas City, Missouri.

 

Section 2. That the revenue in the following account of Fund No. 3331, the Special Obligation Bonds 2009E Performing Arts Garage Fund, is hereby estimated in the following amount:

 

AL-3331-120000-590000 Proceeds from Sale of Bonds $53,236,704.00

 

Section 3. That the sum of $53,236,704.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 3331, the Special Obligation Bonds 2009E Performing Arts Garage Fund to the following accounts:

 

AL-3331-129620-B Bond Issue Expense $ 258,189.00

AL-3331-129686-B Arbitrage Rebate Calculation 8,500.00

AL-3331-129631-B Underwriter Discount 612,345.00

AL-3331-129611-B Debt Service Reserve Fund 5,323,670.00

AL-3331-648822-B Arts District Garage 47,034,000.00

TOTAL $53,236,704.00

 

Section 4. That the Director of Finance is hereby designated as requisitioning authority for Account Nos. AL-3331-129620, AL-3331-129686, AL-3331-129631, and AL-3331-129611 and the City Manager is hereby designated as requisitioning authority for Account No. AL-3331-648822.

 

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.

 

___________________________________________________

 


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.

 

 

___________________________

Jeffrey A. Yates

Director of Finance

 

Approved as to form and legality:

 

 

_____________________________

Heather A. Brown

Assistant City Attorney