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Legislation #: 900531 Introduction Date: 10/4/1990
Type: Ordinance Effective Date: 10/28/1990
Sponsor: None
Title: Estimating revenues in the KCMAC Leasehold Refunding and Bartle Hall Improvement Fund 1990 in the total sum of $4,607,482.00; appropriating to various accounts therein the total sum of $38,116,891.00; designating various requisitioning authorities for various accounts; and authorizing the Director of Finance to close the Bartle Hall Working Capital Fund.

Legislation History
DateMinutesDescription
10/3/1990

Prepare to Introduce

10/4/1990

Referred Finance Committee

10/10/1990

Do Pass

10/11/1990

Assigned to Third Read Calendar

10/18/1990

Passed


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ORDINANCE NO. 900531

 

Estimating revenues in the KCMAC Leasehold Refunding and Bartle Hall Improvement Fund 1990 in the total sum of $4,607,482.00; appropriating to various accounts therein the total sum of $38,116,891.00; designating various requisitioning authorities for various accounts; and authorizing the Director of Finance to close the Bartle Hall Working Capital Fund.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the revenues in the following accounts of the KCMAC Leasehold Refunding and Bartle Hall Improvement Fund 1990 are estimated in the following amounts:

 

685-90927 Contribution from Public Building $ 698,239.00 Authority

685-90928 Contribution from KCMAC 1985 Bond 1,079,973.00 Issue-Project Fund

685-90929 Contribution from KCMAC 1985 Bond 2,608,176.00 Issue-DSR Fund

685-90100 Transfer from General Fund 221,094.00 TOTAL $4,607,482.00

 

Section 2. That the sum of $38,116,891.00 is hereby appropriated from the Unappropriated Fund Balance of the KCMAC Leasehold Refunding and Bartle Hall Improvement Fund 1990, Account No. 685-801, to the following accounts in the KCMAC Leasehold Refunding and Bartle Hall Improvement Fund 1990:

 

685-95601B Bond Issue Expense $ 385,278.00 685-40520T Bartle Hall Expansion-Engineering 3,408,000.00 685-40521T Bartle Hall Expansion-Land Acquisition 1,000,000.00 685-40522T Bartle Hall Expansion-Construction 11,526,000.00 685-95611G Defeasance of KCMAC 1985 Bond Issue- 13,815,864.00 Bartle Hall

685-95612G Defeasance of PBA 1984 Bond Issue- 5,504,800.00 Auditorium Garage

685-95613G Debt Service Reserve Fund-Bartle Hall 1,850,547.00 Expansion

685-95614G Debt Service Reserve Fund-Auditorium 339,308.00 Garage

685-95615G Debt Service-Auditorium Plaza Garage 221,094.00 685-40523T Bartle Hall Expansion-Public Art 66,000.00 TOTAL $38,116,891.00

 

Section 3. That the Director of Finance is hereby designated as the requisitioning authority for accounts 685-95601, 685-40521, 685-95611, 685-95612, 685-95613, 685-95614, 685-95615. That the Director of Public Works is hereby designated as the requisitioning authority for accounts 685-40520, 685-40522, and 685-40523.

 


Section 4. Authorizing the Director of Finance to close the Bartle Hall Working Capital Fund upon defeasance of the 1985 KCMAC Bonds and transfer any remaining unappropriated fund balance to the General Fund.

 

_____________________________________________

 

 

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.

 

 

___________________________________

Director of Finance

 

 

Approved as to form and legality:

 

 

 

___________________________________

City Attorney