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:

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