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Legislation #: 011069 Introduction Date: 7/26/2001
Type: Ordinance Effective Date: 8/12/2001
Sponsor: None
Title: Renaming the TWA Special Facility Capital Project Fund, estimating bond proceeds in the amount of $140,000,000.00 in the PFC Airport Project, Series 2001 Fund and appropriating the same to the project accounts; designating requisitioning authority; authorizing the Director of Finance to close project accounts upon completion; and recognizing an emergency.

Legislation History
DateMinutesDescription
7/26/2001

Prepare to Introduce

7/26/2001

Referred Finance and Audit Committee

8/1/2001

Advance and Do Pass as a Committee Substitute

8/2/2001

Passed as Substituted


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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 011069

 

Renaming the TWA Special Facility Capital Project Fund, estimating bond proceeds in the amount of $140,000,000.00 in the PFC Airport Project, Series 2001 Fund and appropriating the same to the project accounts; designating requisitioning authority; authorizing the Director of Finance to close project accounts upon completion; and recognizing an emergency.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Fund Number 823, TWA Special Facility Capital Project Fund, is hereby renamed the PFC Airport Project, Series 2001 Fund in the records of the City of Kansas City, Missouri.

 

Section 2. That the revenue in the following account of the PFC Airport Project, Series 2001 Fund is hereby estimated in the following amount:

 

02-823-062-9000 Proceeds from Sale of Bonds $140,000,000.00

 

Section 3. That the sum of $140,000,000.00 is hereby appropriated from the Unappropriated Fund Balance of the PFC Airport Project, Series 2001 Fund to the following accounts:

 

02-823-012-9620-B Bond Issue Expense $ 1,439,031.00

02-823-012-9631-B Discount on Sale of Bonds $ 903,682.00

02-823-062-8221-T Terminal Improvement Program $137,657,287.00

$140,000,000.00

 

Section 4. That the revenue in the following account of the Passenger Facility Charge Operating Fund is hereby estimated in the following amount:

 

02-822-062-6071 Accrued Interest Sale of Bonds $ 155,556.00

 

Section 5. That the Director of Aviation is hereby designated as the requisitioning authority for Account Nos. 02-823-062-8221-T and 02-822-062-9600-G and that the Director of Finance is hereby designated as the requisitioning authority for Account Nos. 02-823-012-9620-B and 02-823-012-9631-B.

 

Section 6. 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.

 

Section 7. That this ordinance appropriating money is recognized as an emergency measure within the provisions of Section 15, Article II of the Charter of Kansas City, and takes 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.

 

 

 

____________________________________

Director of Finance

 

Approved as to form and legality:

 

 

 

___________________________________

Assistant City Attorney