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Legislation #: 090225 Introduction Date: 3/19/2009
Type: Ordinance Effective Date: 4/19/2009
Sponsor: None
Title: Establishing Fund No. 8071, the 2009A Water Project and Refunding Fund; estimating revenues in the amount of $213,186,868.00 in the Series 2009A Water Project and Refunding Fund; appropriating the same; designating requisitioning authorities; and authorizing the Director of Finance to close project accounts upon completion.

Legislation History
DateMinutesDescription
3/16/2009 Filed by the Clerk's office
3/19/2009 Referred to Finance and Audit Committee
4/8/2009 Advance and Do Pass, Debate
4/9/2009 Passed

View Attachments
FileTypeSizeDescription
http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=090225 Video Link 0K http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=090225
090225.pdf Authenticated 90K AUTHENTICATED
$69 Million Water Bond List 032009.xls Other 47K Revised Project List
$69 Million Water Bond List.xls Other 59K Project List
Water 2009A Est App Worksheet.xls Other 335K E & A Worksheet
WAter 2009A E A Fiscal Note.xls Fiscal Note 29K Fiscal Note
Water 2009A E A Fact Sheet.xls Fact Sheet 58K Fact Sheet

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ORDINANCE NO. 090225

 

Establishing Fund No. 8071, the 2009A Water Project and Refunding Fund; estimating revenues in the amount of $213,186,868.00 in the Series 2009A Water Project and Refunding Fund; appropriating the same; 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. 8071, Water Project and Refunding Fund is hereby established in the records of the City of Kansas City, Missouri.

 

Section 2. That the sum of $4,628,279.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 8010 of the Water Fund to the following account:

 

09-8010-129998-908071 Transfer to Water Project and $ 4,628,279.00

Refunding Fund

Section 3. That the revenue in the following accounts of Fund No. 8071, the 2009A Water Revenue Project and Refunding Fund, is hereby estimated in the following amounts:

 

AL-8071-120000-590000 Proceeds from Sale of Bonds $198,915,000.00

AL-8071-120000-485100 Premium on Bonds Sold 9,643,589.00

AL-8071-120000-508010 Transfer from Water Fund 4,628,279.00

TOTAL $213,186,868.00

 

Section 4. That the sum of $213,186,868.00 is hereby appropriated from the Unappropriated Fund Balance of the 2009A Water Project and Refunding Fund to the following accounts:

 

AL-8071-129620-B Bond Issue Expense $ 3,345,775.00

AL-8071-129686-B Arbitrage Rebate Calculation 20,000.00

AL-8071-129631-B Underwriter Discount 926,009.00

AL-8071-129632-B Original Issue Discount 291,979.00

AL-8071-129671-G Defeasance of Series 1996A, 139,895,293.00

1996B, 1998A, 1998B, 2002C,

2004D, 2005F

AL-8071-807703-B Water Main Const/Rehab 37,670,812.00

AL-8071-807704-B Facility Mod & Improv 29,237,000.00

AL-8071-807792-A Design Allowances 1,800,000.00

TOTAL $213,186,868.00

Section 5. That the Director of Finance is hereby designated as requisitioning authority for Account Nos. AL-8071-129620, AL-8071-129686, AL-8071-129631, AL-8071-129632 and AL-8071-129671 and the Director of Water Services is hereby designated as requisitioning authority for Account Nos. AL-8071-807703, AL-8071-807704, and AL-8071-807792.

Section 6. That the Director of Finance is herby 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.

 

 

___________________________________

Jeffrey A. Yates

Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Heather A. Brown

Assistant City Attorney