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Last Published: 11/1/2007 11:15:43 AM
KANSAS CITY COUNCIL RECORD
 
Upon Roll Call the following members were present:
Present:5 - DEB HERMANN, JAN MARCASON, SHARON SANDERS BROOKS, BETH GOTTSTEIN, RUSS JOHNSON
 

070580
(Sub.)
Authorizing a $73,200.00 Amendment 5 to a contract with Holzman Moss Architecture for additional architectural services, for Project No. 89A00281–Kansas City Music Hall Renovation; and authorizing the City Manager to expend $73,200.00 for work under this contract.


FINANCE AND AUDIT COMMITTEE recommends "DO PASS AS A COMMITTEE SUBSTITUTE"
Eric Bosch, CIMO, testified before the committee regarding funding for additional architectural work at the Kansas City Music Hall. The funding would be used to continue the work being done by the contractor. It would also allow for drawings to be analyzed for the next phase of the project.
Ayes: 5 - Hermann, Marcason, Sanders Brooks, Gottstein, Johnson
Nays: 0

070585
(Sub.)
RESOLUTION - Amending Standing Rules 9, 21 and 34 of the City Council by providing for a business session at 1:30 p.m. on the day of the legislative session; establishing deadlines for docketing legislation; and establishing the Finance and Audit Committee as the Committee to review proposed rule changes.


FINANCE AND AUDIT COMMITTEE recommends "IMMEDIATE ADOPTION AS A COMMITTEE SUBSTITUTE"
Millie Crossland, City Clerk, testified that the resolution was the result of a directive from the council during the previous week's Business Session. Proposed changes to three items in the Standing Rules was explained to the committee: The time of the meeting for Business Session, the time schedule for preparing ordinances that need to be placed on the docket for Legislative Session consideration and the way a rule is amended. Councilwoman Hermann asked who was responsible for putting items on the agenda for Business Session. Miss Crossland explained that the City Manager and Mayor had that responsibility. Chief of Staff Ed Wolfe explained that the purpose of the change in the way the Mayor wanted to run the Business Session was to allow time for topics on the agenda to be heard. The number os items on the agenda would be limited based on the urgency of an item to be discussed. According to Assistant City Attorney Heather Brown, the Business Session was to be used to discuss issues and concerns that the City Council or Mayor might have.
Ayes: 5 - Hermann, Marcason, Sanders Brooks, Gottstein, Johnson
Nays: 0

070533
Renaming Fund No. 3392, the 2007A G.O. Bond Fund; estimating revenues in the amount of $99,225,032.00 in the Series 2007A G.O. Bond Fund and appropriating same; reducing expenditures in Fund 6510, Liberty Memorial Trust Fund; designating requisitioning authorities; and authorizing the Director of Finance to close project accounts upon completion.


FINANCE AND AUDIT COMMITTEE recommends "ADVANCE AND DO PASS, DEBATE"
City Treasurer Randall Landes made a presentation before the committee on how the GO Bond Process worked. (A handout is on file in the Office of the City Clerk.) Mr. Landes did a page-by-page analysis of the information furnished by his office. He explained how the previous Mayor had established a commission to review and make recommendations on bonds and bond issuance. The commission members terms expired right before the end of the previous administration's term. He was sure that the members would be more than happy to come and talk to the committee about the task that the commission was given and how they went about fulfilling that task. He also explained how the City's bond rating was determined and how that rating determined what types of interest rates the city could leverage. Mr. Landes explained the types of bonds the city had in it's portfolio (which one were self-sustaining and which ones were being paid out of the general fund). He talked about the City's debt service and the impact the interest rates had on that debt service. Councilwoman Hermann asked Troy Schulte (Budget Officer) if he could make a presentation on the impact of bonds on the city budget within the next week or two.
Ayes: 5 - Hermann, Marcason, Sanders Brooks, Gottstein, Johnson
Nays: 0

070501
(Sub.)
Authorizing the Director of Conventions and Entertainment Facilities to execute a five-year agreement with Anschutz Kansas City, LLC, for the management, booking and operation of Kemper Arena; estimating revenue in the amount of $41,667.00 in the Convention and Tourism Fund; and appropriating $41,667.00 in the General Fund; and recognizing an emergency.


FINANCE AND AUDIT COMMITTEE recommends "HOLD ON AGENDA (5/16/2007)"
This item was held for one week. Councilwoman Hermann asked that Councilwoman Sanders-Brooks be included in the discussions to be held regarding this item before the next meeting.
 
 Randall Landes, City Treasurer, will make a presentation regarding the GO Bond Process. This item was discussed in conjunction with Ordinance No. 070533. Staff from the Finance Department will give the Monthly Financial Report (budgetary basis) for the period ended March 31, 2007. Gary Morris, City Comptroller, made a report on the monthly financial status of the City's finances. He gave the committee a page-by-page summary on how to read and analyze the information provided in the report. Councilwoman Hermann asked for additional information be supplied to the committee showing a more simplistic and less detailed accounting of the City's finances, along with the monthly report. Mr. Morris said that he would make sure that the committee members received the requested information on a regular basis.