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Legislation #: 070533 Introduction Date: 4/26/2007
Type: Ordinance Effective Date: none
Sponsor: None
Title: Renaming Fund No. 3392, the 2007A G.O. Bond Fund; estimating revenues in the amount of $99,225,032.00 in the Series 2007A G.O. Bond Fund and appropriating same; reducing expenditures in Fund 6510, Liberty Memorial Trust Fund; designating requisitioning authorities; and authorizing the Director of Finance to close project accounts upon completion.

Legislation History
DateMinutesDescription
4/26/2007 Filed by the Clerk's office
4/26/2007 Referred to Finance and Audit Committee
5/2/2007 Hold On Agenda (5/9/2007)
5/9/2007 Advance and Do Pass, Debate
5/10/2007 Passed

View Attachments
FileTypeSizeDescription
070533.pdf Authenticated 125K authenticated
Project Descriptions.xls Advertise Notice 40K Project Description
GO draft est _ approp.xls Other 647K Est. & Approp
Go 2007A E_A Fiscal Note v2.xls Fiscal Note 29K Fiscal Note
Draft E_A Ordinance Fact Sheet v7.xls Fact Sheet 54K Fact Sheet

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ORDINANCE NO. 070533

 

Renaming Fund No. 3392, the 2007A G.O. Bond Fund; estimating revenues in the amount of $99,225,032.00 in the Series 2007A G.O. Bond Fund and appropriating same; reducing expenditures in Fund 6510, Liberty Memorial Trust Fund; designating requisitioning authorities; and authorizing the Director of Finance to close project accounts upon completion.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That Fund No. 3392 is hereby renamed as 2007A G.O. Bond Fund.

 

Section 2. That the revenue in the following accounts of Fund No. 3392, the Series 2007A G.O. Bond Fund, are hereby estimated in the following amounts:

 

AL-3392-120000-590000 Proceeds from Sale of Bonds $90,383,610.00

AL-3392-120000-485100 Reoffering Premium on Bonds Sold 8,841,422.00

TOTAL $99,225,032.00

 

Section 3. That the sum of $99,225,032.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 3392, the Series 2007A G.O. Bond Fund to the following accounts:

 

AL-3392-129620-B Bond Issue Expense $ 661,000.00

AL-3392-129686-B Arbitrage Rebate Calculation 5,088.00

AL-3392-129631-B Underwriter Discount on Sale of

Bonds 573,175.00

AL-3392-129671-G Defeasance of GO Series 1997B &

2000A 57,607,159.00

AL-3392-707255-B Briarcliff Parkway 3,000,000.00

AL-3392-707426-B Liberty Memorial Project 9,945,022.00

AL-3392-707769-B Fountain and Monuments 1,500,000.00

AL-3392-707566-B KC Zoo Maintenance 5,500,000.00

AL-3392-707713-B Lake Restoration Program 975,000.00

AL-3392-707765-B Community Center Maintenance 950,000.00

AL-3392-707717-B Boulevard Reconstruction 950,000.00

AL-3392-898827-B Facility Improvements 11,610.00

AL-3392-898816-B 87th Street Improvements 8,300,000.00

AL-3392-898812-B Barry Road Improvements 6,400,000.00

AL-3392-806102-B Chouteau & Gardner Drainage 1,700,000.00

AL-3392-891950-B M-210 Roadway Improvements 1,000,000.00

AL-3392-898822-B City Hall Exterior Study 92,000.00

AL-3392-129998-903090 Trf to Capital Improvement Fund 54,978.00

TOTAL $99,225,032.00


Section 4. That the revenue in the following account of Fund No. 3392, 2007 G.O. Bonds is hereby reduced by the following amount:

 

AL-3392-120000-590000 Proceeds from Sale of Bonds $ 100,000.00

 

Section 5. That the appropriation in the following account of Fund No. 3392, 2007 G.O. Bonds is hereby reduced by the following amount:

 

AL-3392-897701-B Street Preservation $ 100,000.00

 

Section 6. That the revenue in the following account of Fund No. 3090, Capital Improvement Fund, is hereby estimated in the following amount:

 

07-3090-120000-503392 Transfer from Fund No. 3392 $ 54,978.00

 

Section 7. That the Director of Finance is hereby authorized to transfer the existing expenditures not to exceed $9,945,022.00 in Account No. AL-6510-707426-B to Account No. AL-3392-707426-B.

 

Section 8. That the appropriation in the following account of Fund No. 6510, Liberty Memorial Endowment Fund is hereby reduced by the following amount:

 

AL-6510-707426-B Liberty Memorial Project $ 9,945,022.00

 

Section 9. That the Director of Parks and Recreation is hereby designated as requisitioning authority for Account Nos. AL-3392-707255, AL-3392-707426, AL-3392-707769, AL-3392-707566, AL-3392-707713, AL-3392-707765 and AL-3392-707717; that the Director of Public Works is hereby designated as requisitioning authority for Account Nos. AL-3392-898827, AL-3392-898816, AL-3392-898812, AL-3392-891950, and AL-3392-898822; that the Director of Finance is hereby designated as requisitioning authority for Account Nos. AL-3392-129620, AL-3392-129686, AL-3392-129631, AL-3392-129671 and AL-3392-129998-903090; and that the Director of Water Services is hereby designated as requisitioning authority for Account No. AL-3392-806102.

 

Section 10. 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.

 

_____________________________________________

 


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.

 

 

___________________________________

Debra R. Hinsvark

Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Heather A. Brown

Assistant City Attorney