File #: 230197    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 2/17/2023 In control: Council
On agenda: 3/9/2023 Final action: 3/9/2023
Title: Sponsor: Director of the Finance Department Approving the issuance by the City of Kansas City Missouri of its special obligation bonds in more than one series (collectively, the "Series 2023 Bonds"), including a series of bonds to finance certain projects on a tax-exempt basis with an estimated cost of $61,572,000.00 and a series of bonds to finance certain costs of the Main Streetcar Extension project on a tax-exempt basis with an estimated cost of $8,334,150.00, such Series 2023 Bonds to be issued in an aggregate principal amount not to exceed $79,000,000.00; approving and authorizing certain documents and actions relating to the issuance of the Series 2023 Bonds; increasing and appropriating revenue in the amount of $44,238,000.00 in Fund No. 3448, the Special Obligation Series 2023A City Projects Fund and in the amount of $965,850.00 in Fund No. 3447, the Special Obligation Series 2023B Streetcar Project Fund; designating requisitioning authority; declaring the City's intent to r...
Sponsors: Director of Finance
Attachments: 1. 230197 Docket Memo, 2. Copy of Accounting Forms for Amendment to SO Ordinance Series 2023A and 2023B, 3. Docket_Memo_Bonds.pdf, 4. Ordinance 230197 Series 2023 Special Obligation Bonds FINAL, 5. Authenticated Ordinance 230197
Related files: 150398
ORDINANCE NO. 230197

title
Sponsor: Director of the Finance Department

Approving the issuance by the City of Kansas City Missouri of its special obligation bonds in more than one series (collectively, the "Series 2023 Bonds"), including a series of bonds to finance certain projects on a tax-exempt basis with an estimated cost of $61,572,000.00 and a series of bonds to finance certain costs of the Main Streetcar Extension project on a tax-exempt basis with an estimated cost of $8,334,150.00, such Series 2023 Bonds to be issued in an aggregate principal amount not to exceed $79,000,000.00; approving and authorizing certain documents and actions relating to the issuance of the Series 2023 Bonds; increasing and appropriating revenue in the amount of $44,238,000.00 in Fund No. 3448, the Special Obligation Series 2023A City Projects Fund and in the amount of $965,850.00 in Fund No. 3447, the Special Obligation Series 2023B Streetcar Project Fund; designating requisitioning authority; declaring the City's intent to reimburse itself from bond proceeds; and authorizing the Director of Finance to modify and close project accounts; and recognizing this ordinance as having an accelerated effective date.

body
WHEREAS, the City of Kansas City, Missouri (the "City") is authorized under its charter to issue its bonds or other obligations in evidence thereof; and

WHEREAS, the City proposes to issue its Special Obligation Bonds (Kansas City, Missouri Projects), which shall be designated the Series 2023A Bonds or such other series designation as the Director of Finance shall determine (the "Series 2023A Bonds"), to provide funds: (a) to design, construct, reconstruct and/or improve certain projects within the City with an estimated aggregate cost of $61,572,000.00, as set forth on Schedule I attached hereto and made a part hereof by reference (the "Tax Exempt City Projects"), and (b) to pay certain costs related to the issuance of the Series 2023A Bonds; and...

Click here for full text