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.

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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.

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Director of Finance

Approved as to form and legality:

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Assistant City Attorney