KC Skyline

City Clerk Web Search

Search the Ordinances:

Legislation #: 060258 Introduction Date: 3/2/2006
Type: Ordinance Effective Date: none
Sponsor: COUNCILMEMBER EDDY
Title: Establishing the KCMAC 2006A Auditorium-Plaza Garage Fund and the KCMAC 2006A Music Hall Fund; estimating and appropriating revenues in the amount of $2,800,000.00 in the KCMAC 2006A-1 Auditorium-Plaza Garage Fund; estimating and appropriating revenues in the amount of $1,700,000.00 in the KCMAC 2006A-2 Music Hall Fund; designating requisitioning authority; and reimbursing certain expenditures related to the Auditorium-Plaza Garage and the Music Hall from bond proceeds.

Legislation History
DateMinutesDescription
3/2/2006 Filed by the Clerk's office
3/2/2006 Referred to Finance and Audit Committee
3/8/2006 Advance and Do Pass as a Committee Substitute, Debate
3/9/2006 Passed as Substituted

View Attachments
FileTypeSizeDescription
060258.pdf Authenticated 88K Authenticated
garage and music hall fact sheet.xls Fact Sheet 61K Fact Sheet
garage and music hall APPROP.xls Budget Transfer 322K APPROP transaction
garage and music hall fiscal note.xls Fiscal Note 31K Fiscal Note

Printer Friendly Version

COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 060258

 

Establishing the KCMAC 2006A Auditorium-Plaza Garage Fund and the KCMAC 2006A Music Hall Fund; estimating and appropriating revenues in the amount of $2,800,000.00 in the KCMAC 2006A-1 Auditorium-Plaza Garage Fund; estimating and appropriating revenues in the amount of $1,700,000.00 in the KCMAC 2006A-2 Music Hall Fund; designating requisitioning authority; and reimbursing certain expenditures related to the Auditorium-Plaza Garage and the Music Hall from bond proceeds.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the City hereby establishes in the financial records of the City, Fund No.3421, KCMAC 2006A Auditorium-Plaza Garage Fund.

 

Section 2. That the City hereby establishes in the financial records of the City, Fund No.3425, KCMAC 2006A Music Hall Fund.

 

Section 3. That the revenue in the following account of the KCMAC 2006A Auditorium-Plaza Garage Fund is hereby estimated in the following amount:

 

AL-3421-120000-590000 Proceeds from Sale of Bonds $2,800,000.00

 

Section 4. That the sum of $2,800,000.00 is hereby appropriated from the Unappropriated Fund Balance of the KCMAC 2006A Auditorium-Plaza Garage Fund to the following account of the KCMAC 2006A Auditorium-Plaza Garage Fund:

 

Al-3421-898022-B Auditorium-Plaza Garage $2,800,000.00

 

Section 5. That the revenue in the following account of the KCMAC 2006A Music Hall Fund is hereby estimated in the following amount:

 

AL-3425-120000-590000 Proceeds from Sale of Bonds $1,700,000.00

 

Section 6. That the sum of $1,700,000.00 is hereby appropriated from the Unappropriated Fund Balance of the KCMAC 2006A Music Hall Fund to the following account of the KCMAC 2006A Music Hall Fund:

 

AL-3425-898022-B Music Hall Renovation $1,700,000.00

 

Section 7. That the City Manager is hereby designated as requisitioning authority for Account Nos. AL-3421-898022 and AL-3425-898022.

 


Section 8. That the City declares its intent to reimburse itself for certain expenditures made within sixty (60) days prior to or on and after the date of this ordinance with the proceeds of bonds expected to be issued by the City for the Auditorium-Plaza Garage Project and the Music Hall Renovation Project

 

Section 9. That the maximum principal amount of bonds expected to be issued for the projects is not to exceed $3,000,000.00 for the Auditorium-Plaza Garage and $16,000,000.00 for the Music Hall Renovation. This constitutes a declaration of official intent under Treasury Regulation 1-150-2.

_____________________________________________

 

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.

 

 

___________________________________

Debra R. Hinsvark

Director of Finance

 

Approved as to form:

 

___________________________________

Mark P. Jones

Assistant City Attorney