|Last Published: 12/8/2006 12:33:16 PM|
|Upon Roll Call the following members were present:|
|Present:||3 - PAUL DANAHER, BECKY NACE, ALVIN BROOKS|
|Excused:||1 - EVERT ASJES|
| ||The following items have been added to the agenda:|
|RESOLUTION - Directing the City Manager to prepare and issue within 14 days of the date of passage of this Resolution, a request for proposals for the private management of the American Royal Center Facilities.|
| ||There will be a discussion of the proposed RFP for the management of the American Royal Complex.
Staff from the Finance Department will present an ARTS Report regarding "Revenue Division Processing."|
|030138||Approving and authorizing settlement of a claim on a workers compensation case filed by Alan Wilson for injuries resulting from an accident on March 27, 2000, while employed by the City.|
|030158||Amending Chapter 2, Code of Ordinances, by repealing Section 2-1198 and enacting in lieu thereof one new section of like number and subject matter which allows the City Manager to authorize hiring incentive retirees on a contract basis.|
FINANCE COMMITTEE recommends "HOLD ON AGENDA"
|030176||Declaring the City intent to reimburse itself in the 100 Fund for capital improvement expenditures up to a maximum of $1,500,000.00 with bond proceeds; authorizing three amendments totaling $1,500,000.00 with Superior Bowen Asphalt Co. ($1,000,000.00) and J.M. Fahey Construction Company ($500,000.00) for road resurfacing for north and south of Independence Avenue and north and south of 55th Street; reducing an appropriation in the amount of $1,500,000.00 in the General Fund; appropriating it to the Street Resurfacing account of the General Fund; and authorizing the Director of Public Works to expend $1,500,000.00 for the contract amendments.|
FINANCE COMMITTEE recommends "ADVANCE AND DO PASS"
Larry Frevert, Public Works Department, testified on behalf of this ordinance. When the $35,000,000.00 bond package passed last fall of 2002, $9,000,000.00 of the money was designated for street resurfacing. It is the intent of the Public Works Department to add that money to the capital improvement account over a three year period. Each year the resurfacing contracts are kept open through the winter season in case there is a failure of the pavement or a watermain that needs to be repaired.
Ayes: 3 - Danaher, Nace, Brooks
|RESOLUTION - Authorizing the development of a financing by the Kansas City Municipal Assistance Corporation (KCMAC) for issuance of one or more series of its refunding and improvement revenue bonds in an approximate principal amount not to exceed $60,000,000.00 to refinance KCMAC Series 1994B (Citywide Infrastructure Project) Leasehold Revenue Bonds, provide capital funding for certain additional public infrastructure improvements to be located in the area of N.W. Barry Road, west of I-29 in Platte County, Kansas City, Missouri and to pay software and development costs associated the City enterprise resource planning (ERP) project and further authorizing the City to enter into certain documents related to the sale and to take certain actions in connection therewith.|
FINANCE COMMITTEE recommends "IMMEDIATE ADOPTION AS A COMMITTEE SUBSTITUTE"
Randy Landis, Finance Department, testified on behalf of this resolution. This resolution authorizes the Finance Department to work with financial advisors to develop a financing for three separate projects which have been previously approved by the KCMAC Board. In December the KCMAC Board approved three resolutions. One each for advanced refunding for the 1994B KCMAC Bonds. Another for improvement projects to provide roads and infrastructure on NW Barry Rd. I-29 Corridor. There was also another to fund the ERP Software. This resolution consist of the second phase of the funding for the public infrastructure.
Ayes: 3 - Danaher, Nace, Brooks
Staff from the City Manager's Office, Management and Budget Office and Finance Department will present an ARTS Report regarding "Sales Tax Study."
Gary Morris, Finance Department, will present the "Monthly Financial Report" for the period ended January 31, 2003.
There will be a closed session regarding a Legal Matter pursuant to RSMo 610.021(1).|