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Legislation #: 061102 Introduction Date: 10/5/2006
Type: Ordinance Effective Date: none
Sponsor: None
Title: Authorizing the Director of Finance to make adjustments to certain TIF, Super-TIF accounts by transferring appropriations from the TIF reserve accounts in the General, Fire Sales Tax, Police Sales Tax, in the total amount of $1,165,373.00; appropriating funds from the General, Public Mast Transit, KCATA, Fire Sales Tax, Convention and Tourism Funds in the total amount of $505,542.00; estimating additional TIF PILOT revenues in the amount of $2,923,000.00; and establishing transfer accounts in the HOK Fund.

Legislation History
DateMinutesDescription
10/5/2006 Filed by the Clerk's office
10/5/2006 Referred to Finance and Audit Committee
10/11/2006 Do Pass as a Committee Substitute
10/12/2006 Assigned Third Read Calendar as Substituted
10/19/2006 Passed as Substituted

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061102.pdf Authenticated 297K Authenticated
Budget Ord Fiscal Note.xls Fiscal Note 28K Fiscal Note
Ord Fact Sheet 2.xls Fact Sheet 71K Fact sheet

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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 061102

 

Authorizing the Director of Finance to make adjustments to certain TIF, Super-TIF accounts by transferring appropriations from the TIF reserve accounts in the General, Fire Sales Tax, Police Sales Tax, in the total amount of $1,165,373.00; appropriating funds from the General, Public Mast Transit, KCATA, Fire Sales Tax, Convention and Tourism Funds in the total amount of $505,542.00; estimating additional TIF PILOT revenues in the amount of $2,923,000.00; and establishing transfer accounts in the HOK Fund.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the appropriation in the following accounts of the General Fund, No. 1000 is hereby reduced by the following amounts:

 

07-1000-129064-619850 TIF Reserve $1,115,358.00

 

Section 2. That the sum of $1,149,926.00 is hereby appropriated from the Unappropriated Fund Balance of the General Fund, No. 1000, in the following additional amounts to the following accounts in the General Fund:

 

07-1000-129998-905150 Tfr To TIF SAF - General Fund $ 691,071.00

07-1000-129998-905180 Tfr To STIF Midtown General Fund 69,000.00

07-1000-129998-905270 Tfr To STIF Hotel Phillips General Fund 2,000.00

07-1000-129998-905290 Tfr To STIF Union Hill General Fund 3,000.00

07-1000-129998-905330 Trf To HOK General Fund 384,855.00

TOTAL $1,149,926.00

 

Section 3. That the sum of $104,784.00 is hereby appropriated from the Unappropriated Fund Balance of the PMT Sales Tax, No. 2080, to the following accounts in the PMT Sales Tax:

 

07-2080-129998-905150 Tfr to TIF Special Allocation-PMT Sales

Tax $ 100,000.00

07-2080-129998-905330 Tfr to HOK-Sales Tax 4,784.00

TOTAL $ 104,784.00

 

Section 4. That the appropriation in the following accounts of the KCATA Sales Tax, No. 2290 is hereby reduced by the following amounts:

 

07-2290-129998-905290 Tfr to STIF Union Hill KCATA

Sales Tax $ 44,223.00


Section 5. That the sum of $305,418.00 is hereby appropriated from the Unappropriated Fund Balance of the KCATA Sales Tax, No. 2290 to the following accounts in the KCATA Sales Tax:

 

07-2290-129998-905160 Tfr to STIF American -Sales Tax $ 4,000.00

07-2290-129998-905150 Tfr to TIF Special Allocation KCATA

Sales Tax 298,000.00

07-2290-129998-905330 Tfr to HOK- Sales Tax 3,418.00

TOTAL $ 305,418.00

 

Section 6. That the appropriation in the following accounts of the Fire Sales Tax, No. 2300 is hereby reduced by the following amounts:

 

07-2300-129064-619850 TIF Reserve $ 24,010.00

 

Section 7. That the sum of $26,005.00 is hereby appropriated from the Unappropriated Fund Balance of the Fire Sales Tax, No. 2300 the following accounts in the Fire Sales Tax:

 

07-2300-129998-905150 Tfr to Special Allocation Fire Sales Tax $ 18,999.00

07-2300-129998-905160 Tfr to STIF Americana Fire Sales Tax 2,000.00

07-2300-129998-905270 Tfr to STIF Hotel Phillips-Fire Sales Tax 2,000.00

07-2300-129998-905290 Tfr to STIF Union Hill Fire Sales Tax 500.00

07-2300-129998-905330 Tfr to HOK Fire Sales Tax 2,506.00

TOTAL $ 26,005.00

 

Section 8. That the appropriation in the following accounts of the Public Safety Sales Tax, No. 2320 is hereby reduced by the following amounts:

 

07-2320-129064-619850 TIF Reserve $ 26,005.00

 

Section 9. That the sum of $26,005.00 is hereby appropriated from the Unappropriated Fund Balance of the Public Safety Sales Tax, No. 2320 the following accounts in the Public Safety Sales Tax:

 

07-2320-129998-905150 Tfr to Special Allocation Public Safety

Sales Tax $ 18,999.00

07-2320-129998-905160 Tfr to STIF American Public Safety

Sales Tax 2,000.00

07-2320-129998-905270 Tfr to STIF Hotel Phillips - Public

Safety Sales Tax 2,000.00

07-2320-129998-905290 Tfr to STIF Union Hill - Public

Safety Sales Tax 500.00

07-2320-129998-905330 Tfr to HOK Public Safety Sales Tax 2,506.00

TOTAL $ 26,005.00

 

Section 10. That the sum of $83,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Convention & Tourism Fund, No. 2360, in the following additional amounts to the following accounts in the Convention &Tourism Fund:

 

07-2360-129998-905160 Tfr to STIF Americana C&T Tax $ 23,000.00

07-2360-129998-905150 Tfr to TIF Special Allocation-C&T Fund 60,000.00

TOTAL $ 83,000.00

 

Section 11. That the appropriation in the following accounts of the Capital Improvement Sales Tax, No. 3090 is hereby reduced by the following amounts:

 

07-3090-129998-905290 Tfr to STIF Union Hill-Sales Tax $ 116,932.00

 

Section 12. That the sum of $25,668.00 is hereby appropriated from the Unappropriated Fund Balance of the Capital Improvement Sales Tax, No. 3090 the following accounts in the Capital Improvement Sales Tax:

 

07-3090-129998-905160 Tfr to STIF Americana Cap Imp Sales

Tax $ 9,000.00

07-3090-129998-905270 Tfr to STIF Hotel Phillips-Cap Imp Sales

Tax 7,000.00

07-3090-129998-905150 Tfr to STIF Special Allocation-Cap Imp

Sales Tax 100.00

07-3090-129998-905330 Tfr to HOK Cap Imp Sales Tax 9,568.00

TOTAL $ 25,668.00

 

Section 13. That the revenue in the following account of the TIF Special Allocation Fund, No. 5150, is hereby re-estimated in the following additional amount:

 

07-5150-120000-450930 Payments In Lieu Of Tax - City $1,344,000.00

07-5150-120000-450940 Payments In Lieu Of Tax - County 1,579,000.00

07-5150-120000-501000 Transfer From General Fund 420,000.00

07-5150-120000-502080 Transfer From Public Mass Transit Sales

Tax 100,000.00

07-5150-120000-502290 Transfer From KCATA Sales Tax 298,000.00

07-5150-120000-502300 Transfer From Fire Sales Tax 19,000.00

07-5150-120000-502320 Transfer From Public Safety Sales Tax 19,000.00

07-5150-120000-502360 Transfer From Convention & Tourism 160,000.00

TOTAL $3,939,000.00

 

Section 14. That the appropriation in the following accounts of the Special Allocation Fund, No. 5150 is hereby reduced by the following amounts:

 

07-5150-129998-905260 Trf STIF SOLO- Hotel President $ 757,039.00

07-5150-129998-905300 Trf STIF Brush Creek- Tower Center 449,272.00

07-5150-129998-905310 Trf STIF Tower- 909 Walnut 39,130.00

TOTAL $ 1,245,441.00

 

Section 15. That the sum of $5,184,441.00 is hereby appropriated from the Unappropriated Fund Balance of the TIF Special Allocation Fund, No. 5150, to the following accounts in the TIF Special Allocation Fund:

 

07-5150-122515-618520 TIF Project Costs Southtown Corridor $2,000,000.00

07-5150-122519-618520 TIF Project Costs Shoal Creek 900,000.00

07-5150-122525-618520 TIF Project Costs- Tower Properties 39,130.00

07-5150-122537-618520 TIF Project Costs Brush Creek 1,258,272.00

07-5150-122551-618520 TIF Project Costs 1200 Main/South Loop 757,039.00

07-5150-129998-905180 Trf to STIF Midtown 230,000.00

TOTAL $5,184,441.00

 

Section 16. That the revenue in the following account of the Americana Super TIF Fund, No. 5160, is hereby re-estimated in the following additional amount:

 

07-5160-120000-502290 Transfer From KCATA Sales Tax $ 4,000.00

07-5160-120000-502300 Transfer From Fire Sales Tax 2,000.00

07-5160-120000-502320 Transfer From Public Safety Sales Tax 2,000.00

07-5160-120000-502360 Transfer From C&T 23,000.00

07-5160-120000-503090 Transfer From Capital Improvement Fund 9,000.00

TOTAL $ 40,000.00

 

Section 17. That the revenue in the following account of the Midtown Super TIF Fund, No. 5180, is hereby re-estimated in the following additional amount:

 

07-5180-120000-501000 Transfer From General Fund $ 69,000.00

07-5180-120000-505150 Transfer From Special Allocation Fund 230,000.00

TOTAL $ 299,000.00

 

Section 18. That the revenues in the following accounts of the Hotel President Super TIF Fund, No. 5260 is hereby reduced by the following amounts:

 

07-5260-120000-505150 Transfer From Special Allocation Fund $ 757,039.00

Section 19. That the revenue in the following account of the Hotel Phillips Hotel Super TIF Fund, No. 5270, is hereby re-estimated in the following additional amount:

 

07-5270-120000-501000 Transfer From General Fund $ 2,000.00

07-5270-120000-502300 Transfer From Fire Sales Tax 2,000.00

07-5270-120000-502320 Transfer From Police Sales Tax 2,000.00

07-5270-120000-503090 Transfer From Cap Imp Sales Tax 7,000.00

TOTAL $ 13,000.00


Section 20. That the sum of $13,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Super TIF Project Cost Hotel Phillips, No. 5270, in the following additional amounts to the following accounts in the Super TIF Project Cost Hotel Phillips Fund:

 

07-5270-122541-618520 Super TIF Project Cost Hotel Phillips $ 13,000.00

 

Section 21. That the revenue in the following account of the Union Hill Super TIF Fund, No. 5290, is hereby re-estimated in the following additional amount:

 

07-5290-120000-501000 Transfer From General Fund $ 3,000.00

07-5290-120000-502300 Transfer From Fire Sales Tax 500.00

07-5290-120000-502320 Transfer From Police Sales Tax 500.00

07-5290-120000-503090 Transfer From Capital Improvement Sales

Tax 1,000.00

TOTAL $ 5,000.00

 

Section 22. That the sum of $5,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Super TIF Project Cost Union Hill, No. 5290, in the following additional amounts to the following accounts in the Super TIF Project Cost Union Hill Fund:

 

07-5290-122529-618520 Super TIF Project Cost Union Hill $ 5,000.00

 

Section 23. That the revenues in the following accounts of the Brush Creek Super TIF Fund, No. 5300 is hereby reduced by the following amounts:

 

07-5300-120000-505150 Transfer From Special Allocation Fund $ 733,864.00

 

Section 24. That the revenue in the following account of the Brush Creek Blue Parkway Town Center Super TIF Fund, No. 5300, is hereby re-estimated in the following additional amount:

 

07-5300-120000-502290 Transfer From KCATA Sales Tax $ 88,200.00

07-5300-120000-503090 Transfer From Cap Imp Sales Tax 235,198.00

TOTAL $ 323,398.00

 

Section 25. That the revenue in the following account of the 909 Walnut Super TIF Fund, No. 5310, is hereby re-estimated in the following additional amount:

 

07-5310-120000-503090 Transfer From Capital Improvements Sales

Tax $ 34,347.00

07-5310-120000-502290 Transfer From KCATA Sales Tax 5,510.00

07-5310-120000-502300 Transfer From Fire Sales Tax 3,673.00

07-5310-120000-502320 Transfer From Police Sales Tax 3,673.00

TOTAL $ 47,203.00

 

Section 26. That the revenue estimate in the following accounts of Fund No. 5330, the HOK Fund, is hereby estimated in the following amount:

 

07-5330-120000-501000 Tfr fr General Fund $ 384,855.00

07-5330-120000-502080 Tfr fr PMT Sales Tax 4,784.00

07-5330-120000-502290 Trf fr KCATA Sales Tax 3,418.00

07-5330-120000-502300 Trf fr Fire Sales Tax 2,506.00

07-5330-120000-502320 Trf fr Public Sales Tax 2,506.00

07-5330-120000-503090 Trf fr Capital Improvement Sales Tax 9,568.00

TOTAL $ 407,637.00

 

Section 27. That the sum of $407,637.00 is hereby appropriated from the unappropriated fund balance of the HOK, No. 5330, to the following accounts in the HOK Fund:

 

07-5330-129696-618520 HOK project cost $ 407,637.00

 

_____________________________________________

 

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 and legality:

 

 

___________________________________

Heather A. Brown

Assistant City Attorney