KC Skyline

City Clerk Web Search

Search the Ordinances:

Legislation #: 070328 Introduction Date: 3/15/2007
Type: Ordinance Effective Date: none
Sponsor: None
Title: Establishing the IDA Refunding Bonds Midtown/Uptown Fund; estimating bond proceeds in the amount of $50,160,410 in the IDA Refunding Bonds Midtown/Uptown Fund and appropriating the same; estimating $10,096.00 of contributions in Fund No. 5190, the STIF Uptown Fund; designating requisitioning authority; and authorizing the Director of Finance to close project accounts upon completion

Legislation History
DateMinutesDescription
3/15/2007 Filed by the Clerk's office
3/15/2007 Referred to Finance and Audit Committee
3/21/2007 Advance and Do Pass, Debate
3/22/2007 Passed

View Attachments
FileTypeSizeDescription
070328.pdf Authenticated 104K Authenticated
Approp _ Admin IDA e_a v1 3-9-07.xls Other 470K IDA 2007A Approp & Admin
fiscal notes-IDA e_a ordinance v1 3-7-07.xls Fiscal Note 35K IDA 2007A Fiscal Note
IDA 2007A bond ordinance e_a fact sheet v2 3-9-07.xls Fact Sheet 49K IDA 2007A Fact Sheet

Printer Friendly Version

ORDINANCE NO. 070328

 

Establishing the IDA Refunding Bonds Midtown/Uptown Fund; estimating bond proceeds in the amount of $50,160,410 in the IDA Refunding Bonds Midtown/Uptown Fund and appropriating the same; estimating $10,096.00 of contributions in Fund No. 5190, the STIF Uptown Fund; designating requisitioning authority; 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 No. 5510, the IDA Refunding Bonds Midtown/Uptown Fund, is hereby established, in the records of the City of Kansas City, Missouri.

 

Section 2. That the revenue in the following accounts of Fund No. 5510, the IDA Refunding Bonds Midtown/Uptown Fund, is hereby estimated in the following amounts:

 

AL-5510-120000-590000 Proceeds from Sale of Bonds $47,705,000.00

AL-5510-120000-485100 Premium on Bonds Sold 1,933,823.00

AL-5510-120000-481000 Miscellaneous Contributions 521,587.00

TOTAL $50,160,410.00

 

Section 3. That the sum of $ 50,160,410.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 5510, the IDA Refunding Bonds Midtown/Uptown Fund, to the following accounts:

 

AL-5510-129620-B Bond Issue Expense $ 530,280.00

AL-5510-129632-B Original Issue Discount 59,808.00

AL-5510-129631-B Underwriter Discount 233,305.00

AL-5510-129671-B Defeasance of MDFB Series

1998 & 2000A 49,337,017.00

TOTAL $50,160,410.00

 

Section 4. That the revenue in the following account of Fund No. 5190, the STIF Uptown Fund, is hereby estimated by the following amount:

 

AL-5190-120000-481000 Contributions $ 10,096.00

 

Section 5. That the Director of Finance is hereby designated as the requisitioning authority for Account Nos. AL-5510-129620, AL-5510-129632, AL-5510-129631, and AL-5510-129671.

 


Section 6. 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