ORDINANCE NO. 080950
Estimating $5,807,500.00 in Fund
8300 of the Kansas City Airports Fund and appropriating the same; estimating
$33,004,715.00 in Fund 8400 of the General Improvement Airport Refunding
Revenue Bond Fund from the sale of Series 2008A General Improvement Airport
Refunding Revenue Bonds and appropriating the same; designating requisitioning
authority; 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
revenue in the following accounts of Fund 8300 of the Kansas City Airports Fund
is hereby estimated in the following amounts:
09-8300-620000-485200 Fund
Balance DSRF $ 2,949,500.00
Section 2. That the sum
of $ 2,949,500.00 is hereby appropriated from the Unappropriated Fund Balance
of Fund 8300 of the Kansas City Airports Fund to the following accounts:
09-8300-129998-X Transfer
to Fund No.8400 $ 2,949,500.00
Section 3. That the
revenue in the following accounts of Fund 8400 of the General Improvement
Airport Revenue Bond Fund is hereby estimated in the following amounts:
AL-8400-620000-590000 Proceeds from Sale of Bonds $28,580,000.00
AL-8400-620000-485100 Premium on Bonds Sold
1,475,215.00
AL-8400-620000-508300
Transfer from Fund 8300 2,949,500.00 TOTAL $33,004,715.00
Section 4. That the
sum of $ 33,004,715.00 is hereby appropriated from the Unappropriated Fund
Balance of Fund 8400 of the General Improvement Airport Refunding Revenue Bond
Fund to the following accounts:
AL-8400-129620-B
Bond Issue Expense $ 250,385.00
AL-8400-129631-B
Underwriter Discount 92,885.00
AL-8400-129998-X Transfer
to Fund 8300 2,858,000.00
AL-8400-129671-G
Defeasance of Series 1997 29,803,445.00
TOTAL $33,004,715.00
Section
5. That the revenue in the following account of Fund 8300 of the Kansas City
Airports Fund is hereby estimated in the following amounts:
09-8300-620000-508400 Transfer
from Fund 8400 $ 2,858,000.00
Section
6. That the sum of $2,858,000.00 is hereby appropriated from the
Unappropriated Fund Balance of Fund 8300 of the Kansas City Airports Fund to
the following accounts:
09-8300-629611-G Debt
Service Reserve $ 2,858,000.00
Section
7. That the Director of Finance is hereby designated as requisitioning
authority for Account Nos. AL-8400-129620, AL-8400-129631, AL-8400-129998 and
AL-8400-129671 and the Director of Aviation is hereby designated as
requisitioning authority for Account Nos. 09-8300-129998and 09-8300-629611.
Section 8. 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.
Jeffrey
A. Yates
Director
of Finance/CFO
Approved
as to form and legality:
Heather
A. Brown
Assistant City Attorney