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Legislation #: 110123 Introduction Date: 2/17/2011
Type: Ordinance Effective Date: 2/24/2011
Sponsor: COUNCILMEMBER RILEY AND COUNCILMEMBER CIRCO
Title: Estimating and appropriating $9,086,500.00 in the 2011 GO Bond Fund from the anticipated sale of general obligation bonds; designating requisitioning authority; declaring the City’s intention to reimburse itself from bond proceeds for bond related expenditures; abating special assessments; and recognizing an emergency.

Legislation History
DateMinutesDescription
2/16/2011 Filed by the Clerk's office
2/17/2011 Referred to Transportation and Infrastructure Committee
2/24/2011 Advance and Do Pass, Debate
2/24/2011 Passed

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Contracts 0K Contract is on file in the Clerk's Office
110123.pdf Authenticated 116K AUTHENTICATED
http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=110123 Website Link 0K http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=110123

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ORDINANCE NO. 110123

 

Estimating and appropriating $9,086,500.00 in the 2011 GO Bond Fund from the anticipated sale of general obligation bonds; designating requisitioning authority; declaring the City’s intention to reimburse itself from bond proceeds for bond related expenditures; abating special assessments; and recognizing an emergency.

 

WHEREAS, Resolution No. 100446 was adopted by the City Council on June 3, 2010, which authorized the sale of General Obligation Bonds in the amount of $67.3 million; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That revenue in the following account of the 2011 GO Bond Fund is estimated in the following additional amount:

 

AL-3397-120000-590000 Proceeds from Sale of Bonds $9,086,500.00

 

Section 2. That $9,086,500.00 is appropriated from the Unappropriated Fund Balance of the 2011 GO Bond Fund to the following accounts in the 2011 GO Bond Fund:

 

Streets

AL-3397-878011-B-89008157 N Bennington-Parvin to NE 48 $2,000,000.00

AL-3397-878012-B-89008205 Waukomis Dr- Bryan to NW 70th 2,000,000.00

Total Streets $4,000,000.00

 

Council District 2

AL-3397-898209-B-89020048 Line Creek/et al Trail Systems $ 695,000.00

Total Council District 2 $ 695,000.00

 

Council District 4

AL-3397-648404-B-64005052 City Market Capital Projects $ 55,000.00

AL-3397-708409-B-70114922 Mulkey Square Park Wall &

Fences 50,000.00

AL-3397-708409-B-70114921 Observation Park Stone Walls 36,500.00

AL-3397-898401-B-89008228 74th Terrace - Wyandotte to Main 250,000.00

Total Council District 4 $ 391,500.00

 

Council District 5

AL-3397-708509-B-70115934 Starlight Theatre Restroom

Renovation $ 457,224.00

AL-3397-878503-B-89005536 Blue Parkway over small creek 333,333.00

AL-3397-878501-B-89008143 Phelps Road 124,350.00

AL-3397-878501-B-89008229 Meyer & Swope roundabout 250,000.00

AL-3397-898507-B-89060326 5028 Virginia Avenue 276,000.00

AL-3397-898507-B-89060327 75th Street- 71 Hwy to Cleveland 250,000.00

AL-3397-898507-B-89060328 6624 Wabash 235,000.00

AL-3397-898507-B-89060329 3040 E 60th Street 188,000.00

AL-3397-898507-B-89060330 4900 S Benton - west side 185,000.00

AL-3397-898507-B-89060331 5700 College - east side 182,000.00

AL-3397-898507-B-89060332 Euclid–Swope Parkway to 48th

Street 180,000.00

AL-3397-898507-B-89060333 58th & Wayne Avenue 162,000.00

AL-3397-898507-B-89060334 NW corner of 58th & Highland 90,000.00

AL-3397-898507-B-89060335 56th Street - north side 54,360.00

AL-3397-898501-B-89008226 Noland & 350 Highway 400,000.00

AL-3397-898501-B-89008176 Gregory to Lees Summit City

Limits 333,333.00

AL-3397-898501-B-89020166 Meyer-Gregory/Prospect-Paseo 165,400.00

AL-3397-898501-B-89008227 79th Street Expansion 60,000.00

AL-3397-898501-B-89004690 Walrond & 75th pedestrian signals 49,000.00

AL-3397-898501-B-89008200 Rhinehart Rd 25,000.00

Total Council District 5 $4,000,000.00

Grand Total $9,086,500.00

 

Section 3. That the Director of City Development is hereby designated as requisitioning authority to Account No. AL-3397-648404.

 

Section 4. That the Director of Parks and Recreation is hereby designated as requisitioning authority to Account Nos. AL-3397-708409 and AL-3397-708509.

 

Section 5. That the Director of Capital Projects Department is hereby designated as requisitioning authority to Account Nos. AL-3397-878101, AL-3397-878201, AL-3397-878501 and AL3397-878503.

 

Section 6. That the Director of Public Works is hereby designated as requisitioning authority to Account Nos. AL-3397-898209, AL-3397-898401, AL-3397-898501, and AL-3397-898507.

 

Section 7. That the City expects to make capital expenditures in connection with the projects to be financed and hereby declares its official intent to reimburse itself for certain expenditures made within 60 days prior to or on and after the date of this ordinance with the proceeds of the bonds. The maximum principal amount of obligations expected to be financed for the projects is $9,086,500.00. This constitutes a declaration of official intent under Treasury Regulation 1.150-2.

 

Section 8. That pursuant to the authority granted by Section 814, "Special Assessments" and Section 818, "Abatement and reduction in valuation" of the Charter, the Council hereby determines that the Director of Public Works shall have no authority to cause special assessments to be issued or levied for any curb and sidewalk project funded herein, and that no actions to collect or enforce payment of any special assessment mistakenly issued or levied for any curb and sidewalk project funded herein shall be pursued and no liens shall result.

 

Section 9. 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.

 

 

___________________________________

Randall J. Landes

Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Nelson Munoz

Assistant City Attorney