ORDINANCE NO. 960491

Establishing the 1996 Sewer Revenue Bond Fund; estimating bond proceeds in the 1996 Sewer Revenue Bond Fund and appropriating same; estimating revenue in the Sewer Fund; designating requisitioning authority; authorizing the Director of Finance to close project accounts upon completion; and recognizing an emergency.

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the Fund No. 818, 1996 Sewer Revenue Bond Fund, is established in the records of the City of Kansas City, Missouri.

Section 2. That the revenue in the following accounts of the 1996 Sewer Revenue Bond Fund is estimated in the following amounts:

96-818-086-9000 Proceeds from Sale of Bonds $24,000,000.00 96-818-086-8510 Premium on Bonds Sold 279,527.00 TOTAL $24,279,527.00

Section 3. That the sum of $24,279,527.00 is appropriated from the Unappropriated Fund Balance of the 1996 Sewer Revenue Bond Fund to the following accounts:

96-818-012-9620-B Bond Issue Expense $ 301,644.00 96-818-012-9631-B Discount on Sale of Bonds 162,210.00 96-818-086-7702-T Pumping Station Improvements 1,000,000.00 96-818-086-7703-T Sewer Rehabilitation/Expansion 14,915,254.00 96-818-086-7704-T Master Planning 1,500,000.00 96-818-086-7705-T Infiltration & Inflow Studies 1,500,000.00 96-818-086-7706-T Plant Improvements 4,900,419.00 TOTAL $24,279,527.00

Section 4. That the revenue in the following account of the Sewer Fund is estimated in the following amount:

96-811-086-6071 Accrued Interest-Sale of Bonds $ 88,540.00

Section 5. That the Director of Finance is designated requisitioning authority for Account Nos. 96-818-012-9620-B and 96-818-012-9631-B; and the Director of Water Services is designated requisitioning authority for Account Nos. 96-818-086-7702-T, 96-818-086-7703-T, 96-818-086-7704-T, 96-818-086-7705-T and 96-818-086-7706-T.

Section 6. That the Director of Finance is 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 7. That this ordinance, as a general appropriation ordinance, is recognized as an emergency measure within the provisions of Section 15, Article II of the Charter of Kansas City, and takes effect immediately upon passage.

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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.

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Director of Finance

Approved as to form and legality:

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Assistant City Attorney