ORDINANCE NO. 260969
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Sponsor: Director of Convention and Entertainment Facilities Department
Reducing $2,917,600.00 of the appropriations in the General Obligation Bond Series 2023A Fund and reappropriating same for the purpose of reallocating GO Bond project proceeds for entertainment facilities for the purpose of aligning funding for projects with the 2022 GO Bond plan; 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 $125,000,000.00 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, Committee Substitute for 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, Missouri; and
WHEREAS, the Convention and Entertainment Facilities Department has identified the need for significant renovations to the 2500 Lobby Conference Center restrooms; and
WHEREAS, the Bartle Hall Exhibitor Network Upgrade project (63EXNTW23) was completed by the service provider as outlined in their contract extension; and
WHEREAS, the Bartle Hall Exhibitor Network Upgrade project (63EXNTW23) received an asset score of 30; and
WHEREAS, unused balances from bond project funds from the Bartle Hall Exhibitor Network Upgrade project (63EXNTW23) will provide bond project funding for the Conference Center Restroom Upgrades project (63CCRR26); and
WHEREAS, the Conference Center Restroom Upgrades project (63CCRR26) received an asset score of 55; and
WHEREAS, transfers of funds are needed to complete the Conference Center Restroom Upgrades project (63CCRR26); NOW, THEREFORE
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. Reducing an appropriation in the amount of $2,917,600.00 in the General Obligation Bond Series 2023A, Fund 3823 in the following account:
AL-3823-638027-B-63EXNTW23 BH Exhibitor Network Upgrade $2,917,600.00
Section 2. That the sum of $2,917,600.00 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-63CCRR26 CC Restroom Upgrades $2,917,600.00
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)(D) of the Charter and shall take effect in accordance with that section.
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I 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 the payment is to be made, each sufficient to meet the obligation hereby incurred.
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Brenton Siverly
Director of Finance
Approved as to form:
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Nia Malone
Assistant City Attorney