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Legislation #: 140442 Introduction Date: 6/5/2014
Type: Ordinance Effective Date: none
Sponsor: None
Title: Establishing Fund No. 8074, the 2014A Water Revenue Bond Fund; estimating revenue in the amount of $56,692,978.00 in such Fund; appropriating the same from the sale of Water Revenue Bonds, Series 2014A; designating requisitioning authorities; and authorizing the Director of Finance to close project accounts upon project completion.

Legislation History
DateMinutesDescription
6/3/2014 Filed by the Clerk's office
6/5/2014 Referred to Finance, Governance & Ethics Committee
6/11/2014 Do Pass
6/12/2014 Assigned to Third Read Calendar
6/19/2014 Passed

View Attachments
FileTypeSizeDescription
Water 2014A Admin Approp.pdf Other 17K Water 2014A Admin & Approp
140442.pdf Authenticated 132K Authenticated
Water Revenue Bond Projects FY 2014-2015.pdf Other 19K Water Revenue Bond Projects FY 2014-2015
140442 Fiscal Note.pdf Fiscal Note 168K Fiscal Note
140442 Fact Sheet.pdf Fact Sheet 176K Fact Sheet
Water 2014A Admin Approp - Rev.pdf Other 12K Water 2014A Admin & Approp - Rev

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ORDINANCE NO. 140442

 

Establishing Fund No. 8074, the 2014A Water Revenue Bond Fund; estimating revenue in the amount of $56,692,978.00 in such Fund; appropriating the same from the sale of Water Revenue Bonds, Series 2014A; 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. 8074, 2014A 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 8074, 2014A Water Revenue Bond Fund, is hereby estimated in the following amounts:

 

AL-8074-120000-590000 Proceeds from Sale of Bonds $54,365,000.00

AL-8074-120000-485100 Premium on Bonds 2,327,978.00

TOTAL $56,692,978.00

 

Section 3. That the sum of $56,692,978.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 8074, 2014A Water Revenue Bond Fund, to the following accounts:

 

AL-8074-807705-B Water Main Replacement Program $39,208,415.00

AL-8074-807707-B Transmission Mains 6,400,000.00

AL-8074-807715-B Pump Stations 10,600,000.00

AL-8074-129632-B Discount on Sale of Bonds 84,600.00

AL-8074-129620-B Bond Issuance Expense 210,000.00

AL-8074-129631-B Underwriters’ Discount 179,963.00

AL-8074-129686-B Arbitrage Rebate Calculation 10,000.00

TOTAL $56,692,978.00

 

Section 4. That the Director of Finance is hereby designated as requisitioning authority for Account Nos. AL-8074-129631, AL-8074-129620, AL-8074-129632, and AL-8074-129686 and that the Director of Water Services is hereby designated as requisitioning authority for Account Nos. AL-8074-807705, AL-8074-807707, and AL-8074-807715.

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