ORDINANCE NO. 050857

Appropriating the amount of $400,000.00 in the Unappropriated Fund Balance of the Water Fund to procure electrical switchgear equipment for the Blue Ridge Pump Station Improvements construction project; declaring the Citys official intent to reimburse from bond proceeds; authorizing the Director of Finance to return unexpended appropriations to the appropriate account; and recognizing an emergency.

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the sum of $400,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Water Fund to the following account:

Section 2. (a) That Kansas City, through its Water Services Department, recognizes its intent to reimburse itself for certain expenditures made within 60 days after the effective date of this ordinance with respect to the Blue Ridge Pump Station Improvements (the project), with the proceeds of water revenue bonds expected to be issued by Kansas City through its Water Services Department. The maximum principal amount of bonds expected to be issued is $30,000,000.00.

(b) That this ordinance constitutes a recognition of official intent under Treasury Regulation Section 1-150-2. 

(c) That the expenditures for which Kansas City will reimburse itself pursuant to this ordinance are original expenditures as defined in Treasury Regulation Section 1-150-2(c), which qualify under Treasury Regulation Section 1-150-2(d)(3). 

(d) That the passage of this ordinance is consistent with the budgetary and financial circumstances of the city.

Section 3. That upon completion of the final costs of this contract, the Director of Finance is hereby authorized to return the unexpended portion of this appropriation to the Unappropriated Fund Balance from which it was derived.

Section 4. That this ordinance, making an appropriation for the current expenses of municipal government, is recognized to be an emergency measure within the provisions of Article II, Section 15 of the Charter of Kansas City and shall take effect in accordance with that section.

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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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Wanda Gunter

Acting Director of Finance

Approved as to form and legality:

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Cecilia OConnor Abbott

Assistant City Attorney