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 pr...
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