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Legislation #: 090326 Introduction Date: 4/23/2009
Type: Ordinance Effective Date: 4/30/2009
Sponsor: None
Title: Renaming Fund No. 8183 as the Sanitary Sewer Series 2009A Revenue Project Fund; estimating revenues in the amount of $55,169,688.60 in the Sanitary Sewer Series 2009A Revenue Project Fund and appropriating the same; designating requisitioning authority; authorizing the Director of Finance to close project accounts upon project completion; and recognizing an emergency.

Legislation History
DateMinutesDescription
4/22/2009 Filed by the Clerk's office
4/23/2009 Referred to Finance and Audit Committee
4/29/2009 Advance and Do Pass as a Committee Substitute, Debate
4/30/2009 Passed as Substituted

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090326.pdf Authenticated 87K AUTHENTICATED
http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=090326 Video Link 0K http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=090326
approp_admin 4-13-09.xls Parks Board Memo 336K Aprop and Admin
fiscal notes for Sewer Bonds 4-13-09.xls Fiscal Note 58K Fiscal Note
E A Fact sheet 4-8-09.xls Fact Sheet 137K Fact Sheet

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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 090326

 

Renaming Fund No. 8183 as the Sanitary Sewer Series 2009A Revenue Project Fund; estimating revenues in the amount of $55,169,688.60 in the Sanitary Sewer Series 2009A Revenue Project Fund and appropriating the same; designating requisitioning authority; authorizing the Director of Finance to close project accounts upon project completion; and recognizing an emergency.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That Fund No. 8183 is hereby renamed as the Sanitary Sewer Series 2009A Revenue Project Fund.

 

Section 2. That the revenue in the following accounts of Fund No. 8183, Sanitary Sewer Series 2009A Revenue Project Fund are hereby estimated in the following amounts:

 

AL-8183-120000-590000 Proceeds from Sale of Bonds $54,500,000.00

AL-8183-120000-485100 Reoffering Premium 669,688.60

Total $55,169,688.60

 

Section 3. That the sum of $55,169,688.60 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 8183, Sanitary Sewer Series 2009A Revenue Project Fund to the following accounts:

 

AL-8183-807726-B Construction Division $49,522,887.80

AL-8183-129632-B Original Issue Discount 71,801.70

AL-8183-129620-B Bond Issuance Expense 204,525.00

AL-8183-129631-B Underwriter Discount 352,136.60

AL-8183-809611-G 2009A Reserve Account 5,008,337.50

AL-8183-129686-B 2009A Rebate Fund 10,000.00

TOTAL $55,169,688.60

 

Section 4. That the Director of Finance is hereby designated as requisitioning authority for Account Nos. AL-8183-129631, AL-8183-129620, AL-8183-129632, and AL-8183-129686 and that the Director of Water Services is hereby designated as the requisitioning authority for Account Nos. AL-8183-807726 and AL-8183-809611.

Section 5. 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.

 

Section 6. That this ordinance is recognized as an emergency measure within the provisions of Section 503 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.

 

 

Jeffrey A. Yates

Director of Finance/CFO

 

Approved as to form and legality:

 

Heather A. Brown

Assistant City Attorney