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Legislation #: 170208 Introduction Date: 3/23/2017
Type: Ordinance Effective Date: 3/31/2017
Sponsor: None
Title: Estimating revenues and appropriations of $11,360,000.00 in Fund 3436, the Special Obligation Series 2017 Taxable Bond Fund; transferring $701,170.23 from Fund 3436, the Special Obligation Series 2017 Taxable Bond Fund, to Fund No. 5305, the STIF Linwood Shopping Center Fund; transferring $418,825.00 from Fund No. 5180, the STIF – Midtown Fund, to the Fund No. 3437, the Special Obligation Series 2017 Tax-exempt Bond Fund; estimating revenues and appropriations of $127,001,745.30 in Fund No. 3437, the Special Obligation Series 2017 Tax-exempt Bond Fund; approving the addition of a 311 system and related services to the enterprise permitting system contract with Tyler Technologies Inc.; designating requisitioning authority; authorizing the Director of Finance to close project accounts; and recognizing this ordinance as having an accelerated effective date.

Legislation History
DateMinutesDescription
3/22/2017 Filed by the Clerk's office
3/23/2017 Referred to Finance and Governance Committee
3/29/2017 Advance and Do Pass, Debate
3/30/2017 Passed

View Attachments
FileTypeSizeDescription
Appropriation and Rev Acct List.pdf Post Passage Document 333K Appropriations and Revenue
170208.pdf Authenticated 157K Authenticated
2017 SO New Projects.pdf Exhibit 97K 170208 New Project List
170208 Fact sheet.pdf Fact Sheet 319K 170208 Fact Sheet

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ORDINANCE NO. 170208

 

Estimating revenues and appropriations of $11,360,000.00 in Fund 3436, the Special Obligation Series 2017 Taxable Bond Fund; transferring $701,170.23 from Fund 3436, the Special Obligation Series 2017 Taxable Bond Fund, to Fund No. 5305, the STIF Linwood Shopping Center Fund; transferring $418,825.00 from Fund No. 5180, the STIF – Midtown Fund, to the Fund No. 3437, the Special Obligation Series 2017 Tax-exempt Bond Fund; estimating revenues and appropriations of $127,001,745.30 in Fund No. 3437, the Special Obligation Series 2017 Tax-exempt Bond Fund; approving the addition of a 311 system and related services to the enterprise permitting system contract with Tyler Technologies Inc.; designating requisitioning authority; authorizing the Director of Finance to close project accounts; and recognizing this ordinance as having an accelerated effective date.

 

WHEREAS, on February 27, 2014, the City Council passed Ordinance No. 140134, which authorized the execution of a contract with Tyler Technologies Inc., for the purchase of an enterprise permitting system; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the revenue in the following accounts of Fund 3436, the Series 2017 Special Obligation Taxable Bond Fund, is hereby estimated in the following amounts:

 

AL-3436-120000-590000 Proceeds from Sale of Bonds $11,360,000.00

 

Section 2. That the sum of $11,360,000.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 3436, the Special Obligation Series 2017 Taxable Bond Fund, to the following accounts:

 

AL-3436-129620-B Cost of Issuance-2017A $ 177,531.06

AL-3436-129631-B Underwriters’ Discount 139,194.61

AL-3436-129998-X-905305 Transfer to STIF Linwood Center 701,170.23

AL-3436-577300-B Linwood Shopping Center 3,000,000.00

AL-3436-129611-B Debt Service Reserve 7,342,104.10

TOTAL $11,360,000.00

 

Section 3. That the revenue in the following account of Fund No. 5305, the STIF Linwood Shopping Center Fund, is hereby estimated in the following amount:

 

17-5305-120000-503436 Transfer from the Special Obligation

Series 2017 Taxable Bond Fund $ 701,170.23


Section 4. That the amount of $418,825.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 5180, STIF – Midtown Fund:

 

17-5180-129998-903437 Transfer to the Special Obligation

Series 2017 Tax-exempt Bond

Fund $ 418,825.00

Section 5. That the revenue of $ 418,825.00 in the Special Obligation Series 2017 Tax-exempt Bond Fund is hereby estimated in the following amount:

 

AL-3437-120000-505180 Transfer from STIF – Midtown

Fund $ 418,825.00

 

Section 6. That the revenue in the following accounts of Fund 3437, Special Obligation Series 2017 Tax-exempt Bond Fund, is hereby estimated in the following amounts:

 

AL-3437-120000-590000 Proceeds from Sale of Bonds $112,132,063.00

AL-3437-120000-485100 Premium on Bonds 14,450,857.30

TOTAL $126,582,920.30

Section 7. That the sum of $127,001,745.30 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 3437, the Special Obligation Series 2017 Tax-exempt Bond Fund, to the following accounts:

 

AL-3437-707704-B Parks and Recreation Cameras $ 1,730,000.00

AL-3437-079706-B Fuel Station Replacement 4,424,000.00

AL-3437-129620-B Cost of Issuance 579,944.93

AL-3437-129686-B Arbitrage Rebate Calculation 30,000.00

AL-3437-129632-B Discount on Sale of Bond 390,757.25

AL-3437-129631-B Underwriters’ Discount 417,317.19

AL-3437-129671-B Defeasance of Series 2014D 1,509,702.83

AL-3437-129671-B Defeasance of Series IDA 2005A 100,022,681.57

AL-3437-129671-B Defeasance of Series IDA 2007A 17,897,341.53

TOTAL $127,001,745.30

 

Section 8. Approving the addition of a 311 system and related services to the enterprise permitting system contract with Tyler Technologies Inc.

 

Section 9. That the Director of Neighborhood and Housing Services is hereby designated as requisitioning authority for Account No. AL-3436-577300, the Director of Parks and Recreation is hereby designated as requisitioning authority for Account No. AL-3437-707704, the Director of General Services is hereby designated as requisitioning authority for Account No. AL-3437-079706, and the Director of Finance is hereby designated as requisitioning authority for Account Nos. AL-3436-129620, AL-3436-129631, AL-3436-129998, AL-3436-129611, 17-5180-129998, AL-3437-129620, AL-3437-129686, AL-3437-129632, AL-3437-129631, and AL-3437-129671.

 

Section 10. 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.

Section 11. That this ordinance is recognized as an ordinance with an accelerated effective date as provided by Section 503(a)(3)(C) 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:

 

 

___________________________________

Sarah Baxter

Assistant City Attorney