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Legislation #: 030358 Introduction Date: 3/20/2003
Type: Ordinance Effective Date: 4/13/2003
Sponsor: None
Title: Establishing the Bond Series 2003A KCI Terminal Improvement Fund ( 2003A Fund and Bond Series 2003B KCI Economy Parking Lot Fund (Series 2003B Fund); estimating revenues in the amount of $78,298,778.00 and $56,649,062.00 in Series 2003A and 2003B Funds, respectively; and appropriating same; appropriating $196,947.00 in the KC Airports Fund, designating requisitioning authorities; and authorizing the Director of Finance to close project accounts upon completion.

Legislation History
DateMinutesDescription
3/27/2003

Waive Charter Requirements City Council

3/20/2003

Prepare to Introduce

3/20/2003

Referred Finance and Audit Committee

3/26/2003

Do Pass

3/27/2003

Assigned to Third Read Calendar

4/3/2003

Passed


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ORDINANCE NO. 030358

 

Establishing the Bond Series 2003A KCI Terminal Improvement Fund (Series 2003A Fund) and Bond Series 2003B KCI Economy Parking Lot Fund (Series 2003B Fund); estimating revenues in the amount of $78,298,778.00 and $56,649,062.00 in Series 2003A and 2003B Funds, respectively; and appropriating same; appropriating $196,947.00 in the KC Airports 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 the fund number 826, Bond Series 2003A KCI Terminal Improvement Fund (Series 2003A Fund) is hereby established in the records of the City of Kansas City, Missouri.

 

Section 2. That the sum of $196,947.00 is hereby appropriated from the Unappropriated Fund Balance of the KC Airports Fund:

 

03-821-062-9465-B Transfer to Series 2003A Fund $ 196,947.00

 

Section 3. That the revenue in the following accounts of the Series 2003A Fund is hereby estimated in the following amounts:

 

03-826-012-9000 Proceeds from Sale of Bonds $76,955,000.00

03-826-012-9238 Transfer from KC Airports Fund 196,947.00

03-826-012-8510 Premium on Bonds Sold 1,146,831.00

$78,298,778.00

 

Section 4. That the sum of $78,298,778.00 is hereby appropriated from the Unappropriated Fund Balance of the Series 2003A Fund to the following accounts:

 

03-826-012-9620-T Bond Issue Expense $ 1,042,766.00

03-826-012-9631-T Underwriter Discount 1,526,219.00

03-826-062-9612-T Capitalized Interest 6,288,846.00

03-826-062-8221-T Terminal Improvement Program 69,440,947.00

$78,298,778.00

 

Section 5. That the fund number 827, Bond Series 2003B KCI Economy Parking Lot Fund (Series 2003B Fund) is hereby established in the records of the City of Kansas City, Missouri.

 

Section 6. That the revenue in the following accounts of the Series 2003B Fund is hereby estimated in the following amounts:

 

03-827-012-9000 Proceeds from Sale of Bonds $53,055,000.00

03-827-012-8510 Premium on Bonds Sold 3,594,062.00

$56,649,062.00


Section 7. That the sum of $56,649,062.00 is hereby appropriated from the Unappropriated Fund Balance of the Series 2003B Fund to the following accounts:

 

03-827-012-9620-T Bond Issue Expense $ 766,276.00

03-827-012-9631-T Underwriter Discount 282,786.00

03-827-062-7222-T Economy Parking Proj. 55,600,000.00

$56,649,062.00

 

Section 8. That the Director of Finance is hereby designated as requisitioning authority for Account Nos. 03-826-012-9620-T, 03-826-012-9631-T, 03-827-012-9620-T and 03-827-012-9631-T and that the Director of Aviation Department is hereby designated requisitioning authority for Account Nos. 03-826-062-8221-T, 03-826-062-9612-T and 03-827-062-7222-T.

 

Section 9. 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 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.

 

 

 

____________________________________

Director of Finance

 

Approved as to form and legality:

 

 

 

___________________________________

Assistant City Attorney