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Legislation #: 090785 Introduction Date: 9/3/2009
Type: Resolution Effective Date: none
Sponsor: COUNCILMEMBER HERMANN
Title: Determining that the Public Safety Radio Project is a basic capital infrastructure which can be financed with proceeds from certain general obligation bonds to be issued by the City; declaring the intent of the Council to reimburse itself and authorizing the Director of Finance to develop financing for the project in an amount not to exceed $35,000,000.00.

Legislation History
DateMinutesDescription
9/3/2009 Filed by the Clerk's office
9/3/2009 Referred to Finance and Audit Committee
9/9/2009 Hold On Agenda (9/16/2009)
9/23/2009 Hold On Agenda (9/30/2009)
9/30/2009 Immediate Adoption as a Committee Substitute
10/1/2009 Adopted as Substituted

View Attachments
FileTypeSizeDescription
090785.pdf Authenticated 116K AUTHENTICATED
Public Safety Radio v1.xls Fact Sheet 50K Fact Sheet
http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=090785 Video Link 0K http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=090785

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COMMITTEE SUBSTITUTE FOR RESOLUTION NO. 090785

 

Determining that the Public Safety Radio Project is a basic capital infrastructure which can be financed with proceeds from certain general obligation bonds to be issued by the City; declaring the intent of the Council to reimburse itself and authorizing the Director of Finance to develop financing for the project in an amount not to exceed $35,000,000.00.

WHEREAS, the Council passed Committee Substitute for Ordinance No. 031411, authorizing a special election which was duly held on April 6, 2004, at which the voters authorized the issuance of the Citys general obligation bonds in the aggregate principal amount not to exceed $250,000,000.00 for the purpose of paying for deferred maintenance and basic capital infrastructure such as streets, bridges, catch basins and other projects (including construction, acquisition, renovation, equipping and furnishing costs) and as authorized under Article VI, Sections 26(b) and (c) of the Missouri Constitution and Safety Radio; and

WHEREAS, most of the Citys existing radio system infrastructure has been in service for approximately fifteen years and, as a result, replacement equipment and parts are no longer manufactured and such equipment and parts are becoming more and more scarce; and

WHEREAS, as the equipment ages, the risk of component breakage or failure is increased; and

WHEREAS, the radio system is essential to the effective and efficient delivery of public safety and other basic City services, and breakage or failure of system components can threaten the radio systems reliability and functionality; and

WHEREAS, reliable radio communication is essential for the safety of the Citys employees and its residents and the provision of public services; and

WHERAS, replacement and upgrade of the system will ensure many years of continued reliable radio communications; and

WHEREAS, the upgrade of the Citys radio system concurrently with the mandatory rebanding of the system (Public Safety Radio Project) enables the City to proceed at a lower cost than otherwise would be the case; NOW, THEREFORE,

BE IT RESOLVED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Council hereby determines that the Public Safety Radio Project is a basic capital infrastructure project pursuant to the description of such term in Committee Substitute for Ordinance No. 031411 and the pertinent bond documents approved in connection with the bonds therein authorized and can be financed with the proceeds from such bonds.

 

Section 2. That the Director of Finance is authorized to develop financing for the Project, and directs that funding therefore be effected by the issuance of tax-exempt financing, including but not limited to, general obligation bonds of the City in an amount not to exceed $35,000,000.00.

Section 3. (a) That the City Council hereby declares its intent to reimburse itself for certain expenditures made within sixty (60) days prior to or on and after the date of this resolution with respect to the Project with the proceeds of tax-exempt financings expected to be issued by the City. The maximum principal amount of financings expected to be issued for the Project is $35,000,000.00.

  (b) That this resolution constitutes a declaration of official intent under Treasury Regulation Section 1.150-2.

(c) That the expenditures for which the City will reimburse itself pursuant to this ordinance are original expenditures, as defined in Treasury Regulation Section 1.150-2(c), which qualify under Treasury Regulation Section 1.150-2(d)(3).

  (d) That the passage of this ordinance is consistent with the budgetary and financial circumstances of the City.

  Section 4. That the Council does hereby authorize and direct that the financing arrangements referred to in this resolution including the negotiation of the financial terms and other provisions be developed by the Director of Finance and the City Attorney for approval by the Council.

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