SECOND COMMITTEE SUBSTITUTE FOR RESOLUTION NO. 100446

 

Directing the City Manager to sell $67,300,000 of general obligation bonds previously approved by the voters; directing the City Manager to expend $20 million for the completion of the First and Second Creek sanitary sewer areas from bonds previously approved; directing the City Manager to establish a system to prioritize neighborhood projects and basic services; and requiring the City Manager to report to the City Council within 30 days of receiving an advisory opinion from the Bond Financial Advisory Committee and thereafter every 90 days on the status of these directions.

 

BE IT RESOLVED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the City Manager is directed to take all necessary steps to sell $67,300,000 of general obligation bonds previously approved by the voters over a two year period to fund the following projects, initiatives, and expenditures:

 

$1 million Traffic signal upgrades to meet current requirements of the Americans with Disabilities Act

 

$24 million After obtaining the recommendation of the Public Improvements Advisory Committee, $4 million of infrastructure improvements in each Council district, giving priority to improvements that stimulate neighborhood revitalization, such as sidewalk, curb, catch basin, and storm water control improvements

 

$3.6 million Masonry cleaning, tuckpointing of stone and some stone replacement at Municipal Auditorium

 

$4.5 million Infrastructure at the Kansas City Zoo

 

$1.2 million Cost of Issuance – Bond Fees

 

$33 million Street Reconstruction:

 

63rd Street - Prospect to Jackson $5.3 million

Wornall - 79th to 85th Street $4 million

N. Oak - Indianola to 42nd Street $2.5 million

N. Brighton - 49th to 52nd $2 million

Troost - 25th to 30th Street $3.3 million

Wornall - Blue Ridge Boulevard to 135th Street $1.1 million

Belvidere Parkway - Hwy 9 to Congress $1.8 million

39^th Street – Cleveland to Elmwood $4.585 million

Troost – 89^th to Bannister $4 million

Bennington Ave – Parvin Road to 48^th $2 million

Waukomis – 68^th to 70^th $2 million

51^st Street – McCoy to Railroad Bridge $.415 million

 

Section 2. That the City Manager is directed to take all necessary steps to make operational the First and Second Creek sanitary sewer areas through the expenditure of $20 million available through existing sanitary sewer bond authorization.

 

Section 3. That the City Manager is directed to establish a system to prioritize neighborhood projects and basic services.

 

Section 4. That the City Manager is directed to report to the City Council within 30 days after receiving an advisory opinion from the Bond Financial Advisory Committee and thereafter every 90 days on the status of these directions.

Section 5. That the City expects to make capital expenditures in connection with the projects to be financed and hereby declares its official intent to reimburse itself for certain expenditures made within 60 days prior to or on and after the date of this resolution with the proceeds of the bonds. The maximum principal amount of obligations expected to be financed for the projects is $67,300,000. This constitutes a declaration of official intent under Treasury Regulation 1.150-2.

 

____________________________________________