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Legislation #: 030481 Introduction Date: 4/17/2003
Type: Ordinance Effective Date: 5/4/2003
Sponsor: None
Title: Reducing an appropriation in the amount of $93,087.00 in the General Fund; appropriating it to the Downtown Wayfinding Project account of the General Fund; and declaring the City intent to reimburse itself up to a maximum of $1,000,000.00 with bond proceeds.

Legislation History
DateMinutesDescription
4/16/2003

Prepare to Introduce

4/17/2003

Referred Finance Committee

4/23/2003

Advance and Do Pass

4/24/2003

Passed


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ORDINANCE NO. 030481

 

Reducing an appropriation in the amount of $93,087.00 in the General Fund; appropriating it to the Downtown Wayfinding Project account of the General Fund; and declaring the Citys intent to reimburse itself up to a maximum of $1,000,000.00 with bond proceeds.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the appropriation in the following account of the General Fund is hereby reduced by the following amount:

 

03-100-089-7731-T Traffic Signal Safety Improvements $93,087.00

 

Section 2. That the sum of $93,087.00 is hereby appropriated from the Unappropriated Fund Balance of the General Fund to the following account in the General Fund:

 

03-100-089-7027-T Downtown Wayfinding Project $93,087.00

 

Section 3. That the City declares the intent to reimburse itself for certain expenditures made within 60 days prior to or on and after the date hereof with respect to the Project with proceeds from the Bonds to be issued for the Projects up to a maximum of $1,000,000.00.

 

Section 4. That this ordinance shall constitute a declaration of official intent under Treasury Regulation Section 1.150-2.

 

Section 5. 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 1.150-02(d)(3).

 

_____________________________________________

 

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:

 

 

___________________________________

Assistant City Attorney