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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 030918
Establishing
the G.0. Bonds Downtown/Neighborhood Series 2003F Project Fund; estimating revenues
in the amount of $20,276,178 in the G.O. Bonds Downtown/Neighborhood Series
2003F Project Fund and appropriating the same; estimating revenue in the G.O.
Bonds Downtown/Neighborhood Debt Fund in the amount of $36,136 representing
accrued interest; appropriating additional funds for fiscal year 2004 debt
service, authorizing the Director of Finance to transfer outstanding
encumbrances and expenditures from the General Fund to the G.O. Bonds
Downtown/Neighborhood Series 2003F Project Fund; designating requisitioning
authorities; and authorizing the Director of Finance to close project accounts
upon completion.
BE
IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section
1. That Fund No. 339, G.O. Bonds Downtown/Neighborhood Series 2003F Project
Fund, is hereby established in the records of the City of Kansas City,
Missouri.
Section
2. That the revenue in the following accounts of the G.O. Bonds
Downtown/Neighborhood Series 2003F Project Fund are hereby estimated in the
following amounts:
04-339-012-9000 Proceeds from
Sale of Bonds $20,000,000.00
04-339-012-8510 Premium on Bonds
Sold 276,178.00
TOTAL $20,276,178.00
Section
3. That the sum of $20,276,178.00 is hereby appropriated from the
Unappropriated Fund Balance of the G.O. Bonds Downtown/Neighborhood Series
2003F Project Fund to the following accounts in the G.O. Bonds
Downtown/Neighborhood Series 2003F Project Fund:
04-339-012-9620-B Bond Issue Expense
Downtown Projects $ 58,725.00
04-339-012-9621-B Bond Issue Expense
Neighborhood Projects 71,775.00
04-339-012-9631-B Underwriters
Discount on Sale of Bonds 214,074.00
04-339-012-9632-B Original Issue
Discount 62,104.00
04-339-089-7701-T Street Preservation
6,055,225.00
04-339-089-7702-T Minor Bridge
Rehabilitation 1,500,000.00
04-339-089-7726-T Buildings
& Structural Improvements 1,373,000.00
04-339-089-7742-T Sanitary Sewer
Project 1,000,000.00
04-339-070-7717-T
Boulevard Reconstruction
1,000,000.00
04-339-089-7259-T Downtown
Wayfinding 1,000,000.00
04-339-070-7227-T North
Side of Truman Road 600,000.00
04-339-070-7234-T Broadway
Urban Foyer II 375,000.00
04-339-089-7208-T 3rd
& Grand Transit Streetscape 200,000.00
04-339-070-7004-T Ilus
Davis Park 150,000.00
04-339-064-7452-T Triangle Park
52,000.00
04-339-064-7250-
T Downtown Projects
6,564,275.00
TOTAL $20,276,178.00
Section
4. That the revenue in the following account of the General Debt and Interest
Fund is hereby estimated in the following amount:
04-501-012-6071 Accrued
Interest-Sale of Bonds $ 36,136.00
Section
5. That the sum of $128,745.00 is hereby appropriated from the Unappropriated Fund
Balance of the General Debt and Interest Fund to the following account in the
General Debt and Interest Fund:
04-501-012-9600-G Debt
Service $
128,745.00
Section
6. That the appropriations in the following accounts of the G.O. Bonds Downtown/Neighborhood
Series 2003F Project Fund are hereby reduced by the following amounts:
04-339-089-7701-T Street Preservation $
1,500,000.00
04-339-089-7208-T 3rd & Grand
Streetscape 200,000.00
TOTAL $
1,700,000.00
Section
7. That the sum of $1,700,000.00 is hereby appropriated from the
Unappropriated Fund Balance of the G.O. Bonds Downtown/Neighborhood Series
2003F Project Fund to the following account in the G.O. Bonds
Downtown/Neighborhood Series 2003F Project Fund:
04-339-012-9001-B Transfer
to General Fund $ 1,700,000.00
Section
8. That the revenue in the following account of the General Fund is hereby
estimated in the following amount:
04-100-012-9318 Transfer
from the G.O. Bonds Downtown/
Neighborhood Series 2003F Project Fund $ 1,700,000.00
Section
9. That the sum of $1,500,000.00 is hereby appropriated from the
Unappropriated Fund Balance of the General Fund to the following account in the
General Fund:
04-100-089-7702-T Bridge
Rehabilitation $ 1,500,000.00
Section
10. That the Director of Finance is hereby authorized to transfer the existing
encumbrances in an amount not to exceed $46,334.00 in Account No.
04-100-089-7027-T to Account No. 04-339-089-7259-T.
Section
11. That the Director of Finance is hereby authorized to transfer the existing
expenditures in an amount not to exceed $46,754.00 in Account No.
04-100-089-7027-T to Account No. 04-339-089-7259-T.
Section
12. That the appropriation in the following account of the General Fund is
hereby reduced by the following amount:
04-100-089-7027-T Downtown
Signage Study $ 93,087.00
Section
13. That the sum of $93,087.00 is hereby appropriated from the Unappropriated
Fund Balance of the General Fund to the following account in the General Fund:
04-100-089-7731-T Traffic
Signal Safety Improvements $ 93,087.00
Section
14. That the Director of Parks and Recreation is hereby designated as
requisitioning authority for Account Nos. 04-339-070-7717-T, 04-339-070-7234-T,
04-339-070-7004-T and 04-339-070-7227-T; that the Director of City Development
is hereby designated as requisitioning authority for Account Nos.
04-339-064-7250-T and 04-339-064-7452-T; that the Director of Public Works is hereby
designated as requisitioning authority for Account Nos. 04-339-089-7701-T,
04-339-089-7259-T, 04-339-089-7208-T, 04-339-089-7702-T, 04-339-089-7726-T,
04-339-089-7742-T; 04-100-089-7702-T and 04-100-089-7731-T and the Director of
Finance is hereby designated as requisitioning authority for Account Nos.
04-339-012-9620-B, 04-339-012-9621-B, 04-339-012-9631-B, 04-339-012-9632-B,
04-501-012-9600-G, 04-339-012-9001-B.
Section
15. 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 expenditures are 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
Approved
as to form and legality:
____________________________________
Assistant
City Attorney