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Legislation #: 130075 Introduction Date: 1/31/2013
Type: Ordinance Effective Date: none
Sponsor: None
Title: Appropriating the sum of $4,000,000.00 from the Liberty Memorial Endowment for improvement and repair projects at the Liberty Memorial; and designating requisitioning authority.

Legislation History
DateMinutesDescription
1/29/2013 Filed by the Clerk's office
1/31/2013 Referred to Finance, Governance & Ethics Committee
2/6/2013 Hold On Agenda (2/20/2013)
2/20/2013 Advance and Do Pass, Debate
2/28/2013 Passed

View Attachments
FileTypeSizeDescription
130075.pdf Authenticated 109K Authenticated
http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=130075 Video Link 0K http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=130075
130075 Fiscal Note.xls Fiscal Note 40K Fiscal Note
130075 Fact Sheet.xls Fact Sheet 53K Fact Sheet
LMAEndowmentAPPROPADMINWS.xls Other 35K Liberty Memorial Appropriation Transaction Worksheet
LMABOARDRES229951.pdf Other 144K Liberty Memorial Park Board Resolution 229951

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ORDINANCE NO. 130075

 

Appropriating the sum of $4,000,000.00 from the Liberty Memorial Endowment for improvement and repair projects at the Liberty Memorial; and designating requisitioning authority.

WHEREAS, by Committee Substitute for Ordinance No. 980413, As Amended, placed before the voters of Kansas City on August 4, 1998, a one-half cent sales tax to be used for the restoration of the Liberty Memorial and the establishment of an endowment to be used for the maintenance of the Liberty Memorial and the Memorial museum; and

WHEREAS, this tax was approved by the voters and collected from April 1, 1999 through September 30, 2000; and

WHEREAS, by Committee Substitute for Ordinance No. 001246 the City Council established a policy for the investment of the endowment and for using the endowment for its intended purposes; and

WHEREAS, by Committee Substitute for Ordinance No. 030363 the City Council authorized the expenditure of up to 45% of the interest earned from the endowment for routine maintenance and upkeep costs; and

WHEREAS, by Committee Substitute for Ordinance No. 050798 the City Council authorized the loan of $10 million from the principal of the endowment for the expansion of the Liberty Memorial Museum; and

WHEREAS, by Second Committee Substitute for Ordinance No. 090677 the City Council modified the terms of Committee Substitute for Ordinance No. 030363 and authorized the expenditure of up to 90% of the interest earned from the endowment for routine maintenance and upkeep costs for fiscal years 2009 through 2011; and

WHEREAS, by Ordinance No. 120013 the City Council modified the terms of Second Committee Substitute for Ordinance No. 090677 and authorized the expenditure of up to 90% of the interest earned from the endowment for routine maintenance and upkeep costs for all future fiscal years beyond 2011; and

WHEREAS, expenditures from the endowment required action by the City Council but only if the Board of Parks and Recreation Commissioners determines there is a need for the expenditure; and

 

 

 

WHEREAS, in conjunction with the Gould Evans firm the Parks and Recreation Department and Liberty Memorial Association have cooperatively established a recommended improvement program for the Liberty Memorial that includes roofing and capstone work to the Memory and Exhibit Halls, condenser water upgrades, repair of facility leaks and waterproofing, replacement of existing audio/visual museum equipment, repair to the north fountains to working conditions, replacement of auditorium carpeting and building stone work repairs estimated to cost $4,000,000.00; and

 

WHEREAS, the endowment can, and should, fund $4,000,000.00 cost of the improvements and repairs; and

WHEREAS, the Board of Parks and Recreation Commissioners on January 22, 2013 passed Resolution No. 29951 determining expenditures of $4,000,000.00 of the endowment principal is needed to complete the projects identified in attached Project Cost Summary; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That $4,000,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Liberty Memorial Trust Fund to the following account:

AL-6510-707427-B Liberty Memorial Endowment $4,000,000.00

Section 2. That the Director of Parks and Recreation Department is hereby designated as requisitioning authority for Account Number AL-6510-707427.

____________________________________________________

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.

___________________________

Randall J. Landes

Director of Finance

 

Approved as to form and legality:

 

 

___________________________

Lana K. Torczon

Assistant City Attorney