File #: 250191    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 2/11/2025 In control: Council
On agenda: 3/6/2025 Final action: 3/6/2025
Title: Sponsor: Director of Convention and Entertainment Facilities Reducing $2,218,888.02 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; reducing $5,750,000.00 of the appropriations in the General Obligation Bond Series 2024A Fund and reappropriating same for the purpose of aligning funding for entertainment facilities projects with the 2022 GO bond plan; and recognizing this ordinance as having an accelerated effective date.
Sponsors: Director of Convention & Entertainment Facilities
Attachments: 1. Approp-Admin 01.30.pdf, 2. Docket Memo - Bond Transfers 01.30.pdf, 3. 250191 Fund Appropriation 3-4-25 Final, 4. Authenticated Ordinance 250191
Related files: 250192
ORDINANCE NO. 250191

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Sponsor: Director of Convention and Entertainment Facilities

Reducing $2,218,888.02 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; reducing $5,750,000.00 of the appropriations in the General Obligation Bond Series 2024A Fund and reappropriating same for the purpose of aligning funding for entertainment facilities 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, Committee Substitute for Ordinance No. 230529, As Amended, established Fund No. 3824, the General Obligation Bond Series 2024A Q1-22 Project Fund in the records of the City of Kansas City, Missouri; and

WHEREAS, the bid for the Restroom and ADA Renovations project (63RRADA25) at the Convention Center came in significantly over its original estimate; and

WHEREAS, unused balances from bond project funds from the Music Hall Freight Elevator Replacement project (MHFRTEL23), Bartle Hall 13th Street Exterior Lighting project (63STEXL23), Bartle Hall Internet Infrastructure Upgrade project (63INTNT23) and Bartle Hall Broadway/Central Exterior Lighting project (63BCEXL23) will ...

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