ORDINANCE NO. 100351
Renaming Fund No. 3455 as the “2008B and 2010A KCMO Special
Obligation Fund”; estimating and appropriating revenues in the amount of
$532,242.00 in that fund; estimating total of $378,145.00 in trustee interest
earnings and appropriating it; establishing Fund No. 5401, the Refunding Bond
Fund; appropriating $177,062.00 from the Unappropriated Fund Balance of the
KCMAC 11th & Oak Garage/Streetlight Bond Fund; appropriating $1,039,964.00
from the Unappropriated Fund Balance of the KCMAC 11th & Oak Garage/Streetlight
Bond for transfer to the Refunding Bond Fund; appropriating $301,822.00 from
the Unappropriated Fund Balance of the KCMAC Leasehold 2001-B1 Bond Fund for
various projects; appropriating the following amounts from the Unappropriated
Fund Balances of the following funds: $3,437,693.00 (KCMAC Leasehold 2001-B1
Bond Fund), $350,045.00 (STIF Valentine Fund), $1,498,159.00 (Equipment Lease
Debt Service Fund), all for transfer to the Refunding Bond Fund; estimating and
appropriating $35,870,528.00 in the Refunding Bond Fund to the appropriate bond
accounts; estimating revenue in the amount of $3,687,000.00 in the STIF 12th
and Wyandotte Fund and appropriating $374,000.00 for debt service reserve;
designating requisitioning authorities; authorizing the Director of Finance to
close project accounts upon completion; and recognizing an emergency.
BE IT ORDAINED BY THE COUNCIL OF
KANSAS CITY:
Section 1. That Fund
No. 3455, the 2008B KCMO Special Obligation Bond Fund, is hereby renamed as “the
2008B and 2010A KCMO Special Obligation Bond Fund,” in the records of the City
of Kansas City, Missouri.
Section 2. That the
revenue in the following accounts of Fund No. 3455, the 2008B and 2010A KCMO
Special Obligation Bond Fund, are hereby increased in the following amounts:
AL-3455-120000-590000 Proceeds
from Sale of Bonds $ 519,303.00
AL-3455-120000-485100 Reoffering Premium on Bonds Sold 12,939.00
TOTAL $
532,242.00
Section 3. That the
sum of $532,242.00 is hereby appropriated from the Unappropriated Fund Balance
of Fund No. 3455, the 2008B and 2010A KCMO Special Obligation Bond Fund, to the
following accounts:
AL-3455-129620-B Bond Issue Expense $
18,159.00
AL-3455-129686-B Arbitrage Rebate Calculation 5,000.00
AL-3455-129631-B Underwriter Discount on Sale of Bonds
32,818.00
AL-3455-129632-B Original Issue Discount 66,046.00
AL-3455-129611-B Debt Service Reserve
410,219.00
TOTAL $
532,242.00
Section 4. That
the appropriation in the following accounts of Fund No. 3980, the KCMAC 11th
& Oak Garage/Streetlight Bond Fund, is hereby reduced by the following
amounts:
AL-3980-129611-B Debt
Service Reserve $ 766,849.00
AL-3980-129620-B Bond
Issue Expense 7,104.00
TOTAL
$ 773,953.00
Section 5. That
revenue in the following amount is estimated in the following account of Fund
No. 3980, the KCMAC 11th & Oak Garage/Streetlight Bond Fund:
AL-3980-120000-460100 Estimated
Interest Trustee $ 377,828.00
Section 6. That
the Fund No. 5401, the Refunding Bond Fund, is hereby established, in the
records of the City of Kansas City, Missouri.
Section 7. That
$177,062.00 is appropriated from the Unappropriated Fund Balance of the Fund
No. 3980, the KCMAC 11th & Oak Garage/Streetlight Bond Fund to the
following accounts:
AL-3980-129998-X Transfer
to Fund 5230 $ 176,925.00
AL-3980-898822-B Building
CD2 137.00 TOTAL
$ 177,062.00
Section 8. That
$1,039,964.00 is appropriated from the Unappropriated Fund Balance of the Fund
No. 3980, the KCMAC 11th & Oak Garage/Streetlight Bond Fund, to the
following account:
AL-3980-129998-X Transfer
to Fund 5401 $1,039,964.00
Section 9. That
revenue in the following amount is estimated in the following account of Fund
No. 3800, the KCMAC Leasehold 2001-B1 Fund:
AL-3800-120000-460100 Estimated Interest Trustee $
213.00
Section 10. That the
appropriation in the following accounts of Fund No. 3800, the KCMAC Leasehold
2001-B1 Bond Fund, is hereby reduced by the following amounts:
AL-3800-129611-B Debt
Service Reserve $2,020,500.00
AL-3800-129620-B Bond
Issue Expense 41,879.00
AL-3800-897000-B Capital
Improvement Reserve 2,423,656.00
AL-3800-897532-B Fairyland
Park Redevelopment 859,310.00 TOTAL $5,345,345.00
Section 11. That
$301,822.00 is appropriated from the Unappropriated Fund Balance of the Fund
No. 3800, the KCMAC Leasehold 2001-B1 Bond Fund, to the following account:
AL-3800-129998-X Transfer
to Fund 5230 $ 173,332.00
AL-3800-647106-B Maplewoods
Pkwy Prospect North 17,367.00
AL-3800-897254-B N
Congress/Barry Road To M-152 111,123.00
TOTAL $
301,822.00
Section 12. That
$3,437,693.00 is appropriated from the Unappropriated Fund Balance of the Fund
No. 3800, the KCMAC Leasehold 2001-B1 Bond Fund to the following account:
AL-3800-129998-X Transfer
to Fund 5401 $3,437,693.00
Section 13. That the
appropriation in the following account of Fund No. 3890, the KCMAC Leasehold
2001-B2 Bond Fund, is hereby reduced by the following amounts:
AL-3890-129611-B Debt
Service Reserve $ 54,000.00
AL-3890-129620-B Bond
Issue Expense 4,429.00
AL-3890-647107-B Maplewood
Prospect N B2 1,767.00
TOTAL $
60,196.00
Section 14. That
revenue in the following amount is estimated in the following account of Fund
No. 5200, the STIF Valentine Fund:
10-5200-120000-460100 Estimated
Interest Trustee $ 45.00
Section 15. That
$350,000.00 is appropriated from the Unappropriated Fund Balance of Fund No.
5200, the STIF Valentine Fund, to the following account:
10-5200-129611-B Debt
Service Reserve $ 350,000.00
Section 16. That the
appropriation in the following account of Fund No. 5200, the STIF Valentine
Fund, is hereby reduced by the following amount:
10-5200-129611-B Debt
Service Reserve $ 350,000.00
Section 17. That
$350,045.00 is appropriated from the Unappropriated Fund Balance of Fund No.
5200, the STIF Valentine Fund to the following account:
10-5200-129998-X Transfer
to Fund 5401 $ 350,045.00
Section 18. That
revenue in the following amount is estimated in the following account of Fund
No. 5230 the Equipment Lease Debt Service Fund:
10-5230-120000-460100 Estimated
Interest Trustee $ 59.00
Section 19. That
$1,498,100.00 is appropriated from the Unappropriated Fund Balance of Fund No.
5230, the Equipment Lease Debt Service Fund to the following account:
10-5230-129611-B Debt
Service Reserve $1,498,100.00
Section 20. That the
appropriation in the following account of Fund No. 5230, the Equipment Lease
Debt Service Fund, is hereby reduced by the following amount:
10-5230-129611-B Debt
Service Reserve $1,498,100.00
Section 21. That
$1,498,159.00 is appropriated from the Unappropriated Fund Balance of Fund No.
5230, the Equipment Lease Debt Service Fund to the following account:
10-5230-129998-X Transfer
to Fund 5401 $1,498,159.00
Section 22. That the
revenue in the following accounts of Fund Number 5401, the Refunding Bond Fund,
is hereby estimated in the following amounts:
AL-5401-120000-590000 Proceeds from Sale
of Bonds $28,553,000.00
AL-5401-120000-485100 Reoffering
Premium on Bonds Sold 166,167.00
AL-5401-120000-503980
Transfer from Fund No. 3980 1,039,964.00
AL-5401-120000-503800
Transfer from Fund No. 3800 3,437,693.00
AL-5401-120000-481000
Miscellaneous Contribution 825,500.00
AL-5401-120000-505200
Transfer from Fund No. 5200 350,045.00
AL-5401-120000-505230
Transfer from Fund No. 5230 1,498,159.00
TOTAL
$35,870,528.00
Section 23. That
the sum of $35,870,528.00 is hereby appropriated from the Unappropriated Fund
Balance of Fund No. 5401, the Refunding Bond Fund, to the following accounts:
AL-5401-129620-B
Bond Issue Expense $ 264,403.00
AL-5401-129686-B
Arbitrage Rebate Calculation 5,000.00
AL-5401-129631-B Underwriter
Discount on Sale of Bonds 161,037.00
AL-5401-129632-B
Original Issue Discount 139,521.00
AL-5401-129611-B Debt
Service Reserve Fund 304,500.00
AL-5401-129611-B Debt
Service Reserve Fund 1,389,500.00
AL-5401-129611-B Debt
Service Reserve Fund 294,000.00
AL-5401-129611-B Debt
Service Reserve Fund 189,000.00
AL-5401-129611-B Debt
Service Reserve Fund 673,000.00
AL-5401-129671-B Defeasance
of LCRA Series 1996A 3,742,830.00
AL-5401-129671-B Defeasance
of KCMAC Series 1999A 15,731,096 .00
AL-5401-129671-B Defeasance
of KCMAC Series 2001B-1 3,477,242.00
AL-5401-129671-B Defeasance
of MDFB Series 1998 2,025,428.00
AL-5401-129671-B Defeasance
of PIEA Series 1998 7,473,971.00
Total $35,870,528.00
Section 24. That
the revenue in the following account of Fund No. 5170, the STIF 12th and
Wyandotte Fund, is hereby increased in the following amount:
10-5170-120000-590000 Proceeds
from Sale of Bonds $3,687,000.00
Section 25. That
the sum of $374,000.00 is hereby appropriated from the Unappropriated Fund
Balance of Fund No. 5170, the STIF 12th and Wyandotte Fund, to the following
account:
10-5170-129611-B Debt Service Reserve $
374,000.00
Section
26. That the Director of Finance is hereby designated as the requisitioning
authority for Account Nos. AL-3455-129611-B, AL-3980-129998-X,
AL-3800-129998-X, 10-5200-129611-B, 10-5200-129998-X, 10-5230-129611-B,
10-5230-129998-X, AL-5401-129620-B, AL-5401-129686-B, AL-5401-129631-B,
AL-5401-129632-B, AL-5401-129611-B, AL-5401-129671-B and 10-5170-129611-B.
Section 27.
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 in Fund No. 3980, the KCMAC 11th & Oak
Garage/Streetlight Bond Fund, Fund No. 3800, the KCMAC Leasehold 2001-B1 Bond
Fund and Fund No. 3890, the KCMAC Leasehold 2001-B2 Bond Fund.
Section 28. That
this ordinance is recognized as an emergency
measure within the provisions of Section 503(a)(3)(c) of the City Charter in
that it appropriates money 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.
___________________________________
Randall
J. Landes
Director
of Finance
Approved
as to form and legality:
___________________________________
Heather
A. Brown
Assistant City Attorney