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:
Facility Mod & Improv
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
(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.
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
as to form and legality:
Assistant City Attorney