ORDINANCE NO. 220634
title
Establishing Fund No. 3447, the Special Obligation Series 2023A Streetcar Project Fund in the records of the City of Kansas City; estimating revenues in the amount of $ 16,500,000.00 in Fund No. 3447, the Special Obligation Series 2023A Streetcar Project Fund; appropriating that amount to the Streetcar Extension Bonds and the Streetcar Extension Grant accounts; designating requisitioning authority; authorizing the Director of Finance to close project accounts upon completion; increasing revenues in the amount of $3,216,541.00 in the Federal Grant Revenue account of Fund No. 2085, Streetcar Fund; reducing revenue in the amount of $8,758,500.00 in Fund No. 2085, Streetcar Fund; appropriating the amount of $1,564,940.00 from the unappropriated fund balance of Fund No. 2085, Streetcar Fund to the 22-DS Street Car account; authorizing Amendment No.1 in the amount of $1,794,164.00 with Alfred Benesch & Company for Resident Engineer/Construction Administration Services for the Kansas City Street Main Street Extension project, for a total contract amount of $11,761,204.00; authoring Amendment No. 4 to the CM@R contract with KC Streetcar Constructors for Construction Services in the amount of $9,316,752.00, for a total contract amount of $222,757,291.00; and recognizing this ordinance as having an accelerated effective date.
body
WHEREAS, the Main Streetcar Rail Transportation Development District ("TDD") has been formed, approved by voters within the district, and determined to be sufficient for providing necessary local funding; and
WHEREAS, the City has developed a financial plan using a combination of local, state, and Federal funds to finance the costs of the Project and, in accordance with the plan, has requested Federal financial assistance by the U.S. Government pursuant to the laws codified at 49 U.S.C. Chapter 53; and
WHEREAS, the U.S. Government, acting through the Federal Transit Administrati...
Click here for full text