COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 180139

Establishing Fund No. 3519, the General Obligation Series 2019A Bond Fund in the records of the City of Kansas City, Missouri; estimating revenues and appropriating $60,659,128.00 from the Unappropriated Fund Balance of the General Obligation Series 2019A Bond Fund; designating requisitioning authorities; declaring the intent of the City to reimburse itself from the bond proceeds for certain expenditures; authorizing the Director of Finance to close project accounts; and establishing the effective date of this ordinance.

WHEREAS, in a Special Election called on April 4, 2017, the voters of the City of Kansas City, Missouri approved Question 1 to be used for funding roads, bridges and sidewalks, Question 2 to be used for flood control and Question 3 to be used for public buildings; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That Fund No. 3519, the General Obligation Series 2019A Bond Fund, is hereby established in the records of the City of Kansas City, Missouri.

Section 2. That the revenue in the following account of the General Obligation Series 2019A Bond Fund, is hereby estimated in the following amount:

AL-3519-120000-590000 Bond Proceeds $60,659,128.00

Section 3. Question 1 – Roads, Bridges, Sidewalks for the sum of $36,009,500.00 is hereby appropriated from the Unappropriated Fund Balance of the General Obligation Series 2019A Bond Fund to the following accounts:

AL-3519-708012-E-70182903 Maple Woods Parkway $ 6,800,000.00

AL-3519-708014-B-70172207 Paseo Gateway 5,500,000.00

AL-3519-898077-B-89060525 Sidewalk Repair-Spot Repair

Project B 5,000,000.00

AL-3519-898077-B-89060487 Curb Ramps-ADA Corners

Citywide 2,500,000.00

AL-3519-897001-B-89008583 155th Street – Kensington

to Scott Ave 1,478,100.00

AL-3519-897001-B-89008585 Kenneth Road Bridge 450,000.00

AL-3519-897001-B-89008586 Green Hills Road

(Platte Brooke to 78th) 515,000.00

AL-3519-897001-B-89009996 Englewood Road 700,000.00

AL-3519-897001-B-89008587 Gregory Blvd over Big Blue River 650,000.00

AL-3519-898037-B-89020330 Prospect MAX 9,266,400.00

AL-3519-897001-B-89008588 Red Bridge (Holmes to Wornall) 2,250,000.00

AL-3519-897001-B-89008545 Candlelight Ridge Infrastructure 900,000.00

ROADWAY TOTAL $36,009,500.00

Section 4. Question 2 – Flood Control for the sum of $9,120,826.00 is hereby appropriated from the Unappropriated Fund Balance of the General Obligation Series 2019A Bond Fund to the following accounts:

AL-3519-808055-B-89002672 Swope Park Industrial ROW $ 1,000,000.00

AL-3519-129600-B Dodson/Turkey Creek Debt Service 7,620,826.00

AL-3519-808035-B-89009996 Brush Creek – Lake of Enshriners 500,000.00

FLOOD TOTAL $ 9,120,826.00

Section 5. Question 3 – Public Buildings for the sum of $15,528,802.00 is hereby appropriated from the Unappropriated Fund Balance of the General Obligation Series 2019A Bond Fund to the following accounts:

AL-3519-707773-B-70155505 KC Museum $ 4,000,000.00

AL-3519-078027-B-89009996 City Hall -Core ADA 2,128,802.00

AL-3519-708025-B-70185200 Animal Shelter 7,000,000.00

AL-3519-078102-B-7001309 North Fire Station 2,000,000.00

AL-3519-071254-B Public Art 400,000.00

BUILDINGS TOTAL $15,528,802.00

Section 6. That the Director of Public Works is hereby designated as the requisitioning authority for Account Nos. AL-3519-898077, AL-3519-897001 and AL-3519-898037, that the Director of the Parks and Recreation Department is hereby designated as the requisitioning authority for Account Nos. AL-3519-708012, AL-3519-708014, AL-3519-707773 and AL-3519-708025, that the Director of Water Services is hereby designated as the requisitioning authority for Account Nos. AL-3519-808055 and AL-3519-808035, that the Director of the General Services Department is hereby designated as the requisitioning authority for Account Nos. AL-3519-078027, AL-3519-078102 and AL-3519-071254, and that the Director of Finance is designated as the requisitioning authority for Account No. AL-3519-129600.

Section 7. That the City Council hereby declares its official intent to reimburse itself for certain expenditures made within sixty (60) days prior to or on and after the date of this ordinance with respect to appropriations in Section 3, Section 4 and Section 5 (collectively the “Appropriations”) from the General Obligation Series 2019A Bond Fund with the proceeds of bonds expected to be issued by the City. The maximum principal amount of bonds expected to be issued for the Appropriations is not to exceed $59,159,128.00. This constitutes a declaration of official intent under Treasury Regulation 1.150-2.

Section 8. That the Director of Finance is hereby authorized to close project accounts, open encumbrances and retainage related to the accounts in Section 3, Section 4 and Section 5, and return the unspent portion to the Fund balance from which it came upon the earliest of: (i) Project’s completion; (ii) final maturity of financing or (iii) five years after issuance.

Section 9. That this ordinance shall become effective on May 1, 2018.

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:

Katherine Chandler

Assistant City Attorney