ORDINANCE NO. 260576
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Sponsor: Councilmember Kevin O’Neill
Authorizing the Director of Public Works to execute a Funding Agreement with The Phillips Edison Company in an amount not to exceed $800,000.00 for the relocation and reconstruction of N.E. Karapat Drive at North Oak Trafficway; reducing the (Unappropriated Fund Balance of….) in the amount of $800,000.00 and appropriating a like transfer to the (….Fund); appropriating $800,000.00 from the (Unappropriated Fund Balance of… ) of the (….Fund); and recognizing this ordinance as having an accelerated effective date.
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BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That the Director of Public Works is hereby authorized to execute a Funding Agreement with The Phillips Edison Company for the relocation and reconstruction of N.E. Karapat Drive at North Oak Trafficway. A copy of the agreement, in substantial form, is on file in the office of the Director of Public Works.
Section 2. That the sum of $800,000.00 is hereby appropriated from the (Unappropriated Fund Balance of the…., Fund No…), to the following account:
xx-xxxx-xxxxxx-xxxxxx (…) $800,000.00
Section 3. That the revenue in the amount of $800,000.00 is hereby estimated to the following account of the (….Fund, Fund No…):
xx-xxxx-xxxxxx-xxxxxx (…) $800,000.00
Section 4. That the sum of $800,000.00 is hereby appropriated from the (Unappropriated Fund Balance of the…Fund, Fund No….), to the following account:
xx-xxxx-xxxxxx-xxxxxx (…) $800,000.00
Section 5. That the Director of Public Works is hereby designated as the requisitioning authority for Account No. xx-xxxx-xxxxxx-x-xxxxxxx.
Section 6. That this ordinance, appropriating money and relating to the design, repair, 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) and Section 503(a)(3)(D) of the City Charter and shall take effect in accordance with Section 503, City Charter.
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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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Brenton Siverly
Director of Finance
Approved as to form:
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Andrew Bonkowski
Assistant City Attorney