ORDINANCE NO. 260210
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Sponsor: Director of Finance Department
Establishing Fund No. 3527, the General Obligation Series 2027A Question 1 Bond Fund in the records of the City of Kansas City, Missouri; estimating and appropriating $37,370,000.00 from the Unappropriated Fund Balance of the General Obligation Series 2027A Question 1 Bond Fund; establishing Fund No. 3627, the General Obligation Series 2027A Question 2 Bond Fund in the records of the City of Kansas City, Missouri; estimating and appropriating $2,329,603.00 from the Unappropriated Fund Balance of the General Obligation Series 2027A Question 2 Bond Fund; establishing Fund No. 3727, the General Obligation Series 2027A Question 3 Bond Fund in the records of the City of Kansas City, Missouri; estimating and appropriating $1,010,000.00 from the Unappropriated Fund Balance of the General Obligation Series 2027A Question 3 Bond Fund; declaring the intent of the City to reimburse itself from the bond proceeds for certain expenditures; authorizing the Director of Finance to close project accounts; and establishing the effective date of this ordinance.
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WHEREAS, Ordinance No. 160877 put before the voters the question of enacting a basic maintenance and capital improvements program for 20 additional years by the extension of the current 1% general sales tax used for capital improvements and maintenance; and
WHEREAS, in a Special Election called on April 4, 2017, the voters of the City of Kansas City, Missouri approved Question 1 to be used for funding Streets, Bridges and Sidewalks, Question 2 to be used for Flood Control and Question 3 to be used for Public Buildings; and
WHEREAS, pursuant to Committee Substitute for Resolution Nos. 250853, the 2027-2031 Citywide Business Plan included the Submitted FY 2027-2031 GOKC Bond Five-Year Plan of which the first year of the plan (FY2026-27) was approved; NOW THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That Fund No. 3527, the General Obligation Series 2027A Question 1 Bond Fund, is hereby established in the records of the City of Kansas City, Missouri.
Section 2. That the revenue in the following account of Fund No. 3527 General Obligation Series 2027A Question 1 Bond Fund, is hereby estimated in the following amount:
AL-3527-120000-590000 Bond Proceeds $37,370,000.00
Section 3. That the sum of $37,370,000.00 for Question 1 - Roads, Bridges, Sidewalks is hereby appropriated from the Unappropriated Fund Balance of Fund No. 3527, the General Obligation Series 2027 Question 1 Bond Fund to the following accounts:
AL-3527-898013-B-89008232 31st/Linwood/Van Brunt $ 4,000,000.00
AL-3527-898015-B-89008861 63rd St Reconstruction-Troost to
Woodland 8,000,000.00
AL-3527-898016-B-89008543 Holmes Rd-Blue Ridge to 137th 5,000,000.00
AL-3527-898077-B-89061090 Sidewalk Repair 5,000,000.00
AL-3527-898077-B-89061092 ADA Curb Ramps 2,500,000.00
AL-3527-077010-B-07A21100 Public Art - Streets 370,000.00
AL-3527-898015-B-89008878 Lee’s Summit Reconstruction-
Gregory Blvd to Lakewood Blvd 6,500,000.00
AL-3527-898011-B-89008835 112th St-Stark to City limits 6,000,000.00
ROADWAY TOTAL $37,370,000.00
Section 4. That Fund No. 3627, the General Obligation Series 2027A Question 2 Bond Fund, is hereby established in the records of the City of Kansas City, Missouri.
Section 5. That the revenue in the following account of Fund No. 3627, the General Obligation Series 2027A Question 2 Bond Fund, is hereby estimated in the following amount:
AL-3627-120000-590000 Bond Proceeds $ 2,329,603.00
Section 6. That the sum of $2,329,603.00 for Question 2 - Flood Control is hereby appropriated from the Unappropriated Fund Balance of Fund No. 3627, the General Obligation Series 2027A Question 2 Bond Fund to the following accounts:
AL-3627-808052-B-82000365 Milrey Stoddard $ 1,906,538.00
AL-3627-808051-B-82000366 Brush Creek- Hampton Rd 400,000.00
AL-3627-077020-B-07A21100 Public Art 23,065.00
FLOOD TOTAL $ 2,329,603.00
Section 7. That Fund No. 3727, the General Obligation Series 2027A Question 3 Bond Fund, is hereby established in the records of the City of Kansas City, Missouri.
Section 8. That the revenue in the following account of Fund No. 3727, the General Obligation Series 2027A Question 3 Bond Fund, is hereby estimated in the following amount:
AL-3727-120000-590000 Bond Proceeds $ 1,010,000.00
Section 9. That the sum of $1,010,000.00 is hereby appropriated for Question 3 - Public Buildings from the Unappropriated Fund Balance of Fund No. 3727, the General Obligation Series 2027A Question 3 Bond Fund to the following accounts:
AL-3727-078027-B-07000175 City Hall Renovations $ 1,000,000.00
AL-3727-077030-B-07A21100 Public Art - Public Buildings 10,000.00
BUILDINGS TOTAL $ 1,010,000.00
Section 10. That the Director of Public Works is hereby designated as the requisitioning authority for Account Nos. AL-3527-898013, AL-3527-898077, AL-3527-898016, AL-3527-898015 and AL-3527-898011. The Director of the General Services Department is hereby designated as the requisitioning authority for Account Nos. AL-3527-077010, AL-3627-077020, AL-3727-077030 and AL-3727-078027. The Director of Water Services is hereby designated as the requisitioning authority for Account Nos. AL-3627-808051 and AL-3627-808052.
Section 11. That the City Council hereby declares its official intent to reimburse itself for certain expenditures made within sixty (60) days prior to or on and after the date of this ordinance with respect to appropriations in Section 3, Section 6 and Section 9 (collectively the “Appropriations”) with the proceeds of bonds expected to be issued by the City. The maximum principal amount of bonds expected to be issued for the Appropriations is not to exceed $40,709,603.00. This constitutes a declaration of official intent under Treasury Regulation 1.150-2.
Section 12. That the Director of Finance is hereby authorized to close project accounts, open encumbrances and retainage related to the accounts in Section 3, Section 6 and Section 9, and return the unspent portion to the Fund balance from which it came upon the earliest of: (i) Project’s completion; (ii) final maturity of financing or (iii) five years after issuance.
Section 13. That this ordinance shall become effective on May 1, 2026.
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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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William Choi
Interim Director of Finance
Approved as to form:
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Samuel Miller
Assistant City Attorney