Kansas City - File #: 221047

• File #: 221047
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 12/1/2022
• In control: Council
• On agenda: 12/15/2022
• Final action: 12/15/2022
• Title: Sponsor: Director of the Finance Department Authorizing and directing the issuance, sale and delivery of not to exceed $65,000,000.00 principal amount of Water Revenue Bonds, Series 2023A, of the City of Kansas City, Missouri, prescribing the form and details of such revenue bonds; authorizing certain actions and documents and prescribing other matters relating thereto; and estimating and appropriating $1,300,000.00 in the Water Revenue Bond Fund Series 2023A.
• Sponsors: Director of Finance

Date	Ver.	Action By	Action	Result
12/15/2022	1	Council	Passed	Pass
12/14/2022	1	Finance, Governance and Public Safety Committee
12/8/2022	1	Council	referred

ORDINANCE NO. 221047

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Sponsor: Director of the Finance Department

Authorizing and directing the issuance, sale and delivery of not to exceed $65,000,000.00 principal amount of Water Revenue Bonds, Series 2023A, of the City of Kansas City, Missouri, prescribing the form and details of such revenue bonds; authorizing certain actions and documents and prescribing other matters relating thereto; and estimating and appropriating $1,300,000.00 in the Water Revenue Bond Fund Series 2023A.

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WHEREAS, the City of Kansas City, Missouri (the "City"), is a constitutional charter City and political subdivision duly organized and existing under the laws of the State of Missouri (the "State") and the City's Charter, as amended, approved by the voters for its government (the "Charter"), and owns and operates a revenue producing waterworks system (the "System"); and

WHEREAS, the City desires to make certain additions, extensions and improvements to the System and is authorized under the provisions of the Constitution and statutes of the State and its Charter to issue and sell water revenue bonds for the purpose of providing funds for such purposes, upon obtaining the required voter approval and provided that the principal of and interest on such water revenue bonds shall be payable solely from the revenues derived from the operation of the System; and

WHEREAS, pursuant to such authority, a special bond election was duly held in the City on April 8, 2014 (the "2014 Election"), on the following question:

QUESTION

Shall the City of Kansas City, Missouri issue and sell waterworks revenue bonds in the principal amount of $500,000,000.00 for the purpose of extending and improving the waterworks system of the City including, but not limited to (1) the continued expansion of the water distribution system, (2) replacement of water mains, (3) rehabilitation and expansion of water treatment plants, pump stations, and other water facility improvements, (4) ensuring ...