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Legislation #: 001481 Introduction Date: 11/2/2000
Type: Ordinance Effective Date: 11/19/2000
Sponsor: None
Title: Reducing and increasing the appropriations in various accounts; appropriating and estimating revenues for transfer from the Local Use Tax, General and Motor Fuel Tax Funds to the Streetlight Debt and Equipment Lease Debt Service Funds to make loan payments to the Department of Natural Resources from energy savings and to transfer expenditures from the Motor Fuel Tax and General Funds to the Local Use Tax Funds; authorizing the Director of Finance to transfer these expenditures; and authorizing execution of certain loan documents.

Legislation History
DateMinutesDescription
11/2/2000

Prepare to Introduce

11/2/2000

Referred Finance and Audit Committee

11/8/2000

Advance and Do Pass as a Committee Substitute

11/9/2000

Passed as Substituted


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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 001481

 

Reducing and increasing the appropriations in various accounts; appropriating and estimating revenues for transfer from the Local Use Tax, General and Motor Fuel Tax Funds to the Streetlight Debt and Equipment Lease Debt Service Funds to make loan payments to the Department of Natural Resources from energy savings and to transfer expenditures from the Motor Fuel Tax and General Funds to the Local Use Tax Funds; authorizing the Director of Finance to transfer these expenditures; and authorizing execution of certain loan documents.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the appropriation in the following account of the Local Use Tax Fund is hereby reduced by the following amount:

 

01-210-012-9465-B Transfer to Streetlight Debt Fund $134,273.00

 

Section 2. That the appropriation in the following account of the Local Use Tax Fund is hereby increased by the following amount:

 

01-210-089-2200-B Street Lighting $138,543.00

 

Section 3. That the appropriation in the following account of the Motor Fuel Tax Fund is hereby reduced by the following amount:

 

01-206-089-9752-B DNR Energy Conservation Loan Streetlight $138,543.00

 

Section 4. That the sum of $138,543.00 is hereby appropriated from the Unappropriated Fund Balance of the Motor Fuel Tax Fund to the following account of the Motor Fuel Tax Fund:

 

01-206-012-9465-B Trf to Streetlight Debt Fund $138,543.00

 

Section 5. That the revenue in the following account of the Streetlight Debt Fund is hereby estimated in the following amount:

 

01-503-012-9206 Transfer from Motor Fuel Tax Fund $138,543.00

 

Section 6. That the appropriation in the following account of the Streetlight Debt Fund is hereby increased by the following amount:

 

01-503-012-9600-B Debt Service $ 4,270.00

 

Section 7. That the appropriation in the following account of the General Fund is hereby reduced by the following amount:

 

01-100-089-9730-B DNR Energy Conservation Loan Streetlight $ 38,625.00


Section 8. That the sum of $38,625.00 is hereby appropriated from the Unappropriated Fund Balance of the General Fund to the following account in the General Fund:

 

01-100-012-9023-B Trf to Lease Debt Service Fund $ 38,625.00

 

Section 9. That the revenue in the following account of the Equipment Lease Debt Service Fund is hereby estimated in the following amount:

 

01-523-012-9200 Transfer from General Fund $ 38,625.00

 

Section 10. That the sum of $38,625.00 is hereby appropriated from the Unappropriated Fund Balance of the Equipment Lease Debt Service Fund to the following account of the Equipment Lease Debt Service Fund:

 

01-523-012-9672-G DNR Street Traffic Signal Loan $ 38,625.00

 

Section 11. That the Director of Finance is hereby authorized to transfer expenditures incurred to date from the following account of the Motor Fuel Tax Fund: 01-206-089-2200-B to the following account of the Local Use Tax Fund: 01-210-089-2200-B and from the following account of the General Fund: 01-100-089-2020-B to the following account of the Local Use Tax Fund: 01-210-089-2020-B.

 

Section 12. That the Director of Finance is authorized to execute a loan agreement with the State in the principal amount of $553,960.00 plus interest accrued from the time of the first draw request until the first payment is due, for a total amount not to exceed $575,000.00, for the Traffic Signal Program.

 

Section 13. That the Director of Finance is authorized to execute a loan agreement with the State in the principal amount not to exceed $1,100,000.00 for the Streetlight Conversion Program.

 

__________________________________________________________________

 

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