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Title:
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Authorizing the Director of Finance to borrow $9.1 million from the Kansas City Water Services Department in order to provide local matching funds for a flood control project being constructed by the United States Army Corps of Engineers (“Corps”) pursuant to a Project Partnership Agreement (“PPA”); establishing Fund No. 3321, the 2018 Flood Control Fund; appropriating $9.1 million from the Unappropriated Fund Balance of the Water Fund; estimating and appropriating $9.1 million in the 2018 Flood Control Fund; authorizing the Director of Water services to expend up to $6.1 million towards the PPA; designating requisitioning authority; declaring the intent of the City to reimburse itself from bond proceeds for certain expenditures; authorizing the Director of Finance to close project accounts, and recognizing this ordinance as having an accelerated effective date.
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