ORDINANCE NO. 080566
Renaming Fund No. 3455 the 2008B
KCMO Special Obligations Bond Fund; reestimating bond proceeds in the amount of
$3,835,599.00 in that fund and appropriating it; establishing Fund No. 5301,
the STIF-East Village Fund; transferring $2,712,302.00 to that fund; appropriating
$1,333,259.00 from the Unappropriated Fund Balance of that fund; designating
requisitioning authorities; authorizing the Director of Finance to close
project accounts upon completion; and authorizing the City to reimburse itself
with proceeds of bonds.
BE IT ORDAINED
BY THE COUNCIL OF KANSAS CITY:
Section 1. That
Fund No. 3455, is hereby renamed the 2008B KCMO Special Obligations Bond Fund
in the financial records of the City.
Section 2. That the
revenue in the following accounts of Fund No. 3455, the 2008B KCMO Special
Obligations Bond Fund, is hereby reestimated in the following amounts:
AL-3455-120000-590000 Proceeds from Sale of Bonds $3,205,698.00
AL-3455-120000-485100 Premium
on Bonds Sold 629,901.00
TOTAL $3,835,599.00
Section 3. That the
sum of $ 3,835,599.00 is hereby appropriated from the Unappropriated Fund
Balance of Fund No. 3455, the 2008B KCMO Special Obligations Bond Fund, to the
following accounts:
AL-3455-129620-B
Bond Issue Expense $
751,483.00
AL-3455-129632-B Original
Issue Discount 146,333.00
AL-3455-129631-B Underwriter
Discount 214,481.00
AL-3455-129998-X Transfer
to Fund No. 5301 2,712,302.00
AL-3455-129686-B
Arbitrage Rebate Calculation 11,000.00
TOTAL $3,835,599.00
Section 4. That
the Fund No. 5301, the STIF-East Village Fund is hereby established in the
records of the City of Kansas City, Missouri.
Section 5. That the
revenue in the following accounts of Fund No. 5301, the STIF-East Village Fund,
is hereby re-estimated in the following amounts:
09-5301-120000-503455 Transfer
from Fund No. 3455 $2,712,302.00
Section 6. That
the sum of $1,333,259.00 is hereby appropriated from the Unappropriated Fund
Balance of Fund No. 5301, the STIF-East Village Fund, to the following
accounts:
09-5301-129678-G 2008B
Special Obligation Bonds $1,333,259.00
Section 7. That the
Director of Finance is hereby designated as the requisitioning authority for
Account Nos. AL-3455-129620, AL-3455-129632, AL-3455-129631, AL-3455-129998,
AL-3455-129686 and 09-5301-129678.
Section 8. 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.
Section 9. That the
City declares its intent to reimburse itself for certain expenditures made
within six (6) months prior to and on and after the date of this ordinance with
respect to the Village and JE Dunn/11th & Locust Garage and East Village
Property Acquisition and Development with the proceeds of bonds expected to be
issued by the City or through one of its statutory agencies. This constitutes a
declaration of official intent under Treasury Regulation 1-150-2.
_____________________________________________
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.
___________________________________
Wanda
Gunter
Acting
Director of Finance
Approved
as to form and legality:
___________________________________
Heather
A. Brown
Assistant City Attorney