ORDINANCE NO. 200539
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Appropriating $650,000.00 from the Unappropriated Fund Balance of the Downtown Arena Debt Fund for additional Capital Improvements to the Downtown Arena Structural Sports Lighting System; and authorizing the Director of Convention and Entertainment Facilities requisitioning authority.
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WHEREAS, an Arena Management Agreement is entered into by and between City of Kansas City, Missouri (City) and Anschutz Kansas City Arena, LLC (Manager) and the City desires to have the Manager operate and manage the Arena pursuant to the terms of the Agreement; and
WHEREAS, the City and the Manager shall establish a Capital Reserve Fund and the Capital Reserve Fund shall be expended to pay the costs of any Arena Capital Repairs and Improvements. The City shall pay sixty-five percent (65%) and the Manager shall pay thirty-five percent (35%) of such cost; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That the sum of $650,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Downtown Arena Debt Fund to the following accounts in the Downtown Arena Debt Fund:
21-5050-638027-632050-ARENAIMP Downtown Arena Improvements $650,000.00
Section 2. The Director of Convention and Entertainment Facilities Department is designated requisitioning authority for Account No. 21-5050-638027.
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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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Tammy Queen
Director of Finance
Approved as to form and legality:
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Lana Torc...
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