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