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Legislation #: 130216 Introduction Date: 3/21/2013
Type: Ordinance Effective Date: none
Sponsor: None
Title: Establishing Fund No. 8073, the 2013A Water Revenue Bond Fund; estimating revenues in the amount of $58,705,094.00 in Fund 8073, the 2013A Water Revenue Bond Fund and appropriating the same from the sale of Water Revenue Bonds, Series 2013A; designating requisitioning authorities; and authorizing the Director of Finance to close project accounts upon project completion.

Legislation History
DateMinutesDescription
3/20/2013 Filed by the Clerk's office
3/21/2013 Referred to Finance, Governance & Ethics Committee
3/27/2013 Do Pass
3/28/2013 Assigned to Third Read Calendar
4/4/2013 Passed

View Attachments
FileTypeSizeDescription
130216.pdf Authenticated 128K Authenticated
Water_2013A_Approp(1)(1)130216.pdf Other 11K Appropriation
Water_Bond_Project_130216.pdf Fiscal Note 27K Fiscal Note 2013
130216.doc Docket Memo 32K docket memo
130216_Fact_Sheet(1).pdf Fact Sheet 26K Fact Sheet
http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=130216 Video Link 0K http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=130216
130216 Fiscal Note.xls Fiscal Note 57K Fiscal Note

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ORDINANCE NO. 130216

 

Establishing Fund No. 8073, the 2013A Water Revenue Bond Fund; estimating revenues in the amount of $58,705,094.00 in Fund 8073, the 2013A Water Revenue Bond Fund and appropriating the same from the sale of Water Revenue Bonds, Series 2013A; designating requisitioning authorities; and authorizing the Director of Finance to close project accounts upon project completion.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That Fund No. 8073, 2013A Water Revenue Bond Fund, is hereby established in the records of the City of Kansas City, Missouri.

Section 2. That the revenue in the following accounts of Fund 8073, 2013A Water Revenue Bond Fund is hereby estimated in the following amounts:

 

AL-8073-120000-590000 Proceeds from Sale of Bonds $54,000,000.00

AL-8073-120000-485100 Premium on Bonds 4,705,094.00

Total $58,705,094.00

 

Section 3. That the sum of $58,705,094.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 8073, 2013A Water Revenue Bond Fund to the following accounts:

 

AL-8073-807703-B-80BUDGET Water Main Const/Rehab $58,178,444.00

AL-8073-129632-B Discount on Sale of Bonds 73,992.00

AL-8073-129620-B Bond Issuance Expense 195,000.00 AL-8073-129631-B Underwriters’ Discount 247,658.00

AL-8073-129686-B Arbitrage Rebate Calculation 10,000.00

TOTAL $58,705,094.00

 

Section 4. That the Director of Finance is hereby designated as requisitioning authority for Account Nos. AL-8073-129631, AL-8073-129620, AL-8073-129632, and AL-8073-129686 and that the Director of Water Services is hereby designated as requisitioning authority for Account No. AL-8073-807703.

Section 5. 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.

 

 

Randall J. Landes

Director of Finance

 

Approved as to form and legality:

 

 

Sarah Baxter

Assistant City Attorney