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Legislation #: 030498 Introduction Date: 4/17/2003
Type: Ordinance Effective Date: 5/4/2003
Sponsor: None
Title: Establishing the KCMAC Series 2003C-1 (Zona Rosa Project), KCMAC Series 2003C-2 (KCMAC Series 1994B Refunding) and KCMAC Series 2003C-3 (ERP Project) Funds; estimating revenues in the amount of $10,842,126.00, $15,705,901.00 and $17,050,040.00 in Series 2003C-1, Series 2003C-2 and 2003C-3 Funds, respectively; and appropriating same; appropriating debt service payments for fiscal year 2003-04; reimbursing certain expenditures related to the ERP and Zona Rosa Projects from bond proceeds; designating requisitioning authorities; and authorizing the Director of Finance to close project accounts upon completion.

Legislation History
DateMinutesDescription
4/16/2003

Prepare to Introduce

4/17/2003

Referred Finance Committee

4/23/2003

Advance and Do Pass as a Committee Substitute

4/24/2003

Passed as Substituted


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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 030498

 

Establishing the KCMAC Series 2003C-1 (Zona Rosa Project), KCMAC Series 2003C-2 (KCMAC Series 1994B Refunding) and KCMAC Series 2003C-3 (ERP Project) Funds; estimating revenues in the amount of $10,842,126.00, $15,705,901.00 and $17,050,040.00 in Series 2003C-1, Series 2003C-2 and 2003C-3 Funds, respectively; and appropriating same; appropriating debt service payments for fiscal year 2003-04; reimbursing certain expenditures related to the ERP and Zona Rosa Projects from bond proceeds; 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 the Fund Number 365, KCMAC Series 2003C-1 (Zona Rosa Project) is hereby established in the records of the City of Kansas City, Missouri.

 

Section 2. That the revenue in the following accounts of Fund 365, the KCMAC Series 2003C-1 Fund is hereby estimated in the following amounts:

 

04-365-012-9000 Proceeds from Sale of Bonds $10,590,000.00

04-365-012-8510 Premium on Bonds Sold 252,126.00

$10,842,126.00

 

Section 3. That the sum of $10,842,126.00 is hereby appropriated from the Unappropriated Fund Balance of Fund Number 365, KCMAC Series 2003C-1 Fund to the following accounts:

 

04-365-012-9620-B Bond Issue Expense $ 136,327.00

04-365-012-9631-B Underwriter Discount 52,160.00

04-365-012-9632-B Original Issue Discount 66,307.00

04-365-012-9611-B Debt Service Reserve 797,491.00

04-365-012-9612-B Capitalized Interest 589,841.00

04-365-089-7221-T North Gower 600,000.00

04-365-089-7254-T North Congress 1,573,500.00

04-365-089-7266-T Barry Road 2,900,000.00

04-365-089-7282-T M-152/N Congress & Ramps 4,126,500.00

$10,842,126.00

 

Section 4. That the appropriation in the following account of Fund Number 365, KCMAC Series 2003C-1 is hereby reduced by the following amount:

 

04-365-012-9612-B Capitalized Interest $ 589,841.00

 

Section 5. That the sum of $589,841.00 is hereby appropriated from the Unappropriated Fund Balance of Fund Number 365, KCMAC Series 2003C-1 Fund to the following account:

 

04-365-012-9023-B Transfer to Fund 523, Equipment

Lease Debt Service Fund $ 589,841.00


Section 6. That the revenue in the following account of Fund 523, Equipment Lease Debt Service Fund is hereby estimated in the following amount:

 

04-523-012-9328 Transfer from Fund 365, KCMAC Series 2003C-1 $ 589,841.00

 

Section 7. That the sum of $415,220.00 is hereby appropriated from the Unappropriated Fund Balance of Fund 523, Equipment Lease Debt Service Fund to the following account:

 

04-523-012-9675-G Debt Service KCMAC Series 2003C-1 $ 415,220.00

 

Section 8. That the Fund Number 366, KCMAC Series 2003C-2 (1994B Refunding) is hereby established in the records of the City of Kansas City, Missouri.

 

Section 9. That the appropriation in the following account of Fund 393, KCMAC Leasehold Revenue Capital Improvement Fund Series 1994 is hereby reduced by the following amount:

 

95-393-012-9611-B Debt Service Reserve $ 1,145,000.00

 

Section 10. That the sum of $1,162,705.00 is hereby appropriated from the Unappropriated Fund Balance of Fund 393, KCMAC Leasehold Revenue Capital Improvement Fund Series 1994 to the following accounts:

 

04-393-012-9458-B Transfer to Fund 366, KCMAC Series 2003C-2 $ 1,145,000.00

04-393-012-9458-B Transfer to Fund 366, KCMAC Series 2003C-2 17,705.00

$ 1,162,705.00

 

Section 11. That the sum of $2,146.00 is hereby appropriated from the Unappropriated Fund Balance of Fund 523, Equipment Lease Debt Service Fund to the following account:

 

04-523-012-9458-B Transfer to Fund 366, KCMAC Series 2003C-2 $ 2,146.00

 

Section 12. That the revenue in the following accounts of Fund 366, KCMAC Series 2003C-2 Fund is hereby estimated in the following amounts:

 

04-366-012-9000 Proceeds from Sale of Bonds $13,605,000.00

04-366-012-9286 Transfer from Fund 393, KCMAC Leasehold

Revenue Capital Improvement Series 1994 1,162,705.00

04-366-012-9288 Transfer from Fund 523, Equipment Lease

Debt Service Fund 2,146.00

04-366-012-8510 Premium on Bonds Sold 936,050.00

$15,705,901.00

 

Section 13. That the sum of $15,705,901.00 is hereby appropriated from the Unappropriated Fund Balance of Fund 366, KCMAC Series 2003C-2 Fund to the following accounts:

 

04-366-012-9620-B Bond Issue Expense $ 153,628.00

04-366-012-9631-B Underwriter Discount 67,010.00

04-366-012-9632-B Original Issue Discount 20,340.00

04-366-012-9611-B Debt Service Reserve 1,797,939.00

04-366-012-9649-B Defeasance of Series 1994B 13,666,984.00

$15,705,901.00

 

Section 14. That the sum of $288,554.00 is hereby appropriated from the Unappropriated Fund Balance of Fund 393, KCMAC Leasehold Revenue Capital Improvement Fund Series 1994 to the following account:

 

04-393-012-9023-B Trf to Fund 523, Equipment Lease

Debt Service Fund $ 288,554.00

 

Section 15. That the revenue in the following account of Fund 523, Equipment Lease Debt Service Fund is hereby estimated in the following amount:

 

04-523-012-9286 Transfer from Fund 393, KCMAC Leasehold

Revenue Capital Improvement Fund Series 1994 $ 288,554.00

 

Section 16. That the appropriation in the following account of Fund 523, Equipment Lease Debt Service Fund is hereby increased by the following amount:

 

04-523-012-9606-G Debt Service KCMAC Series 2003C-2 $ 288,554.00

 

Section 17. That the Fund Number 367, KCMAC Series 2003C-3 (ERP Project) is hereby established in the records of the City of Kansas City, Missouri.

 

Section 18. That the revenue in the following accounts of Fund 367, KCMAC Series 2003C-3 Fund is hereby estimated in the following amounts:

 

04-367-012-9000 Proceeds from Sale of Bonds $16,445,230.00

04-367-012-8510 Premium on Bonds Sold 604,810.00

$17,050,040.00

 

Section 19. That the sum of $17,050,040.00 is hereby appropriated from the Unappropriated Fund Balance of Fund 367, KCMAC Series 2003C-3 Fund to the following accounts:

 

04-367-012-9620-B Bond Issue Expense $ 317,304.00

04-367-012-9631-B Underwriter Discount 122,789.00

04-367-012-9632-B Original Issue Discount 150,418.00

04-367-012-9611-B Debt Service Reserve 1,809,299.00

04-367-018-3020-B Enterprise Resource Planning 1,598,765.00

04-367-012-3020-B Enterprise Resource Planning 12,863,394.00

04-367-012-9001-B Transfer to Fund 100, General Fund 188,071.00

$17,050,040.00

 

Section 20. That the revenue in Fund 100, General Fund is hereby estimated in the following amount:

 

04-100-012-9329 Transfer from Fund 367, KCMAC Series 2003C-3 $ 188,071.00

 

Section 21. That the sum of $188,071.00 is hereby appropriated from the Unappropriated Fund Balance of Fund 100, General Fund to the following accounts:

 

04-100-012-3020-B Enterprise Resource Planning $ 16,101.00

04-100-018-3020-B Enterprise Resource Planning 171,970.00

$ 188,071.00

 

Section 22. That the Director of Finance is hereby authorized to transfer the existing encumbrances in an amount not to exceed $123,000.00, $140,000.00, $33,000.00 and $631,000.00 in Account Nos. 03-100-012-3020-B, 03-100-018-3020-B, 03-210-012-3020-B and 03-309-012-3020B, respectively for the Enterprise Resource Planning Project to Account No. 04-367-012-3020-B.

 

Section 23. That the revenue in the following accounts is hereby estimated in the following amounts:

 

04-100-012-8600 Recover of Prior Year Liquidated Encumbrances $ 122,114.00

04-100-018-8600 Recover of Prior Year Liquidated Encumbrances 139,684.00

04-210-012-8600 Recover of Prior Year Liquidated Encumbrances 32,776.00

04-309-012-8600 Recover of Prior Year Liquidated Encumbrances 630,765.00

$ 925,339.00

 

Section 24. That the sum of $261,798.00 is hereby appropriated from the Unappropriated Fund Balance of Fund Number 100, General Fund to the following accounts:

 

04-100-012-3020B Enterprise Resource Planning $ 122,114.00

04-100-012-3020B Enterprise Resource Planning 139,684.00

$ 261,798.00

 

Section 25. That the sum of $32,776.00 is hereby appropriated from the Unappropriated Fund Balance of Fund Number 210, Local Use Tax Fund to the following account:

 

04-210-012-3020B Enterprise Resource Planning $ 32,776.00

 

Section 26. That the sum of $630,765.00 is hereby appropriated from the Unappropriated Fund Balance of Fund Number 309, Capital Improvements Fund to the following account:

 

04-309-012-3020B Enterprise Resource Planning $ 630,765.00

Section 27. That the revenue in the following accounts of Fund 523, Equipment Lease Debt Service Fund is hereby estimated in the following amounts:

 

04-523-012-9200 Transfer from Fund 100, General Fund $ 745,998.00

04-523-012-9219 Transfer from Fund 210, Local Use Tax Fund 511,839.00

04-523-012-9237 Transfer from Fund 801, Water Fund 186,347.00

04-523-012-9239 Transfer from Fund 811, Sewer Fund 186,347.00

04-523-012-9238 Transfer from Fund 821, KC Airport Fund 186,347.00

04-523-012-9221 Transfer from Fund 863, Storm Water Fund 46,587.00

$ 1,863,465.00

 

Section 28. That the sum of $1,863,465.00 is hereby appropriated from the Unappropriated Fund Balance of Fund 523, Equipment Lease Debt Service Fund to the following account:

 

04-523-012-9676-G Debt Service KCMAC ERP Project $ 1,863,465.00

 

Section 29. That the Director of Finance is hereby designated as requisitioning authority for Account Nos. 04-365-012-9620-B, 04-365-012-9631-B, 04-365-012-9632-B, 04-365-012-9611-B, 04-365-012-9612-B, 04-365-012-9023-B, 04-523-012-9675-G, 04-393-012-9458-B, 04-523-012-9458-B, 04-366-012-9620-B, 04-366-012-9631-B, 04-366-012-9632-B, 04-366-012-9611-B, 04-366-012-9649-B, 04-393-012-9023-B, 04-523-012-9606-G, 04-367-012-9620-B, 04-367-012-9631-B, 04-367-012-9632-B, 04-367-012-9611-B, 04-367-012-3020-B, 04-367-012-9001-B, 04-100-012-3020-B, 04-523-012-9676-G, 04-210-012-3020-B and 04-309-012-3020-B that the Director of Information Technology is hereby designated requisitioning authority for Account Nos. 04-367-018-3020-B and 04-100-018-3020-B and that the Director of Public Works is hereby designated requisitioning authority for Account Nos. 04-365-089-7221-T, 04-365-089-7254-T, 04-365-089-7266-T, 04-365-089-7282-T.

 

Section 30. 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.

 

 

 

____________________________________

Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Assistant City Attorney