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Last Published: 11/27/2006 4:12:45 PM
KANSAS CITY COMMITTEE RECORD
 
Upon Roll Call the following members were present:
Present:4 - TERESA LOAR, JIM ROWLAND, EVERT ASJES, TERRY RILEY
 

010430
Appropriating $1,276,124.00 from the Unappropriated Fund Balance in the 1971 TWA Special Facilities Fund; estimating revenue in the amount of $60,000.00 in the General Fund; estimating revenue in the amount of $1,216,124.00 in the KC Airports Fund; appropriating $1,216,124.00 from the Unappropriated Fund Balance in the KC Airports Fund; designating requisitioning authority; and recognizing an emergency.


AVIATION COMMITTEE recommends "ADVANCE AND DO PASS"
Russ Widmar, Director of Aviation stated that in 1971 the TWA special facility bond issue contained a covenant that set aside $ 50,000 each year of the ground rent that was generated from the four facilities that are in question. This money was set aside in a special fund to cover costs associated with closing out the bonds. The last bond payment was made in May of 2000. He is requesting a transfer of $1.216 million dollars of the money from the special fund to the unappropriated airport fund to cover extraordinary expenses such as snow removal and utilities, and an additional $60,000 will be transferred to the general fund as part of administrative service fee contribution. Any remaining funds will be transferred at the end of the fiscal year as normal course of next year's business.
Ayes: 4 - Loar, Rowland, Asjes, Riley
Nays: 0