ORDINANCE NO. 231029
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Sponsor: Director of Convention and Entertainment Facilities Department
Reducing an appropriation in the amount of $384,055.51 in the General Obligation Bond Series 2023A, Fund 3823; appropriating $384,055.51 from the Unappropriated Fund Balance of the General Obligation Bond Series 2023A, Fund 3823; and recognizing this ordinance as having an accelerated effective date.
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WHEREAS, pursuant to General Obligation Bond Law, a special election was duly held in the City on Tuesday, November 8, 2022 (the “2022 Election”), on the question of whether to issue general obligation bonds of the City in an amount not to exceed $125,000,000 for the purpose of paying for the acquisition, construction, renovation, improvement, equipping and furnishing of City parks, recreation and entertainment facilities (the “Parks and Entertainment Facilities Question”); and
WHEREAS, Ordinance No. 230184 established Fund No. 3823, the General Obligation Bond Series 2023A Q1-22 Project Fund in the records of the City of Kansas City and estimated revenues of and appropriated $40,600,000.00 in Fund No. 3823; and
WHEREAS, the bid for the Music Hall Freight Elevator Replacement project (MHFRTEL23) came in significantly under its original estimate.
WHEREAS, the unused bond project funds from the Music Hall Freight Elevator Replacement project (MHRFTEL23) will supplement bond project funding for the Bartle Hall Table & Staging Replacement project (63TABST24) with the purchase of a new dance floor and 760 tables at Bartle Hall; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. Reducing an appropriation in the amount of $384,055.51 in the General Obligation Bond Series 2023A, Fund 3823 in the following account:
AL-3823-638027-B-MHFRTEL23 Music Hall Freight Elevator
Replacement $384,055.51
Section 2. That the sum of $384,055.51 is hereby appropriated from the Unappropriated Fund Balance in the General Obligation Bond Series 2023A, Fund 3823 to the following account;
AL-3823-638027-B-63TABST24 Bartle Hall Table & Staging
Replacement $384,055.51
Section 3. That this ordinance relating to the maintenance or construction of a public improvement is recognized as an ordinance with an accelerated effective date as provided by Section 503 (a)(3)(c) of the Charter and shall take effect in accordance with that section.
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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.
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Tammy L. Queen
Director of Finance
Approved as to form:
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Lana K. Torczon
Senior Associate City Attorney