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Legislation #: 070598 Introduction Date: 5/10/2007
Type: Ordinance Effective Date: 6/3/2007
Sponsor: None
Title: Renaming Fund No. 8182, the Wastewater Series 2007A Fund; estimating bond proceeds in the amount of $14,850,829.00 in the Wastewater Series 2007A Fund, Fund No. 8182 and appropriating the same; estimating revenue in the Sewer Fund, Fund No. 8110 in the amount of $56,013.00 representing accrued interest; designating requisitioning authorities; and authorizing the Director of Finance to close project accounts upon completion.

Legislation History
DateMinutesDescription
5/9/2007 Filed by the Clerk's office
5/10/2007 Referred to Finance and Audit Committee
5/16/2007 Do Pass
5/17/2007 Assigned to Third Read Calendar
5/24/2007 Passed

View Attachments
FileTypeSizeDescription
070598.pdf Authenticated 77K Authenticated
Sewer 2007A draft approp admin v1.xls Other 333K Appropriation
Sewer 2007A Draft EA Fiscal Note v2.xls Fiscal Note 43K Fiscal Note
Sewer 2007A E Factsheet v4.xls Fact Sheet 41K Fact Sheet

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ORDINANCE NO. 070598

 

Renaming Fund No. 8182, the Wastewater Series 2007A Fund; estimating bond proceeds in the amount of $14,850,829.00 in the Wastewater Series 2007A Fund, Fund No. 8182 and appropriating the same; estimating revenue in the Sewer Fund, Fund No. 8110 in the amount of $56,013.00 representing accrued interest; 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. 8182 is hereby renamed the Wastewater Series 2007A Fund.

Section 2. That the revenue in the following accounts of Fund No. 8182, the Wastewater Series 2007A Fund are hereby estimated in the following amounts: 

 

AL-8182-120000-590000 Proceeds from Sale of Bonds $13,645,000.00

AL-8182-120000-485100 Reoffering Premium on Bonds Sold 1,205,029.00

TOTAL $14,850,029.00

 

Section 3. That the sum of $14,850,029.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 8182, the Wastewater Series 2007A Fund to the following accounts:

 

AL-8182-129632-B Original Issue Discount $ 295,166.00

AL-8182-129620-B Bond Issue Expense 307,100.00

AL-8182-129631-B Underwriter Discount on Sale of Bonds 70,570.00

AL-8182-807790-B Sewers 4,207,322.00

AL-8182-807769-B Overflow Control Plan 4,047,447.00

AL-8182-807791-B Wastewater Facilities 4,672,424.00

AL-8182-807792-B Design Allowances 1,250,000.00

TOTAL $14,850,029.00

 

Section 4. That the revenue in the following account of Fund No. 8110, Sewer Fund is hereby estimated in the following amount:

 

07-8110-800000-485120 Accrued Interest-Sale of Bonds $ 56,013.00

 

Section 5. That the Director of Finance is hereby designated as the requisitioning authority for Account Nos. AL-8182-129632, AL-8182-129620, AL-8182-129631 and the Director of Water Services is hereby designated as the requisitioning authority for Account Nos. AL-8182-807790, AL-8182-807769, AL-8182-807791 and AL-8182-807792.

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:

 

 

_____________________________

Heather A. Brown

Assistant City Attorney