ORDINANCE NO. 260238

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Sponsor: Director of 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 2026 Bonds"), including a series of bonds to finance certain projects on a taxable basis with an estimated cost of $45,080,817.20, a series of tax-exempt bonds to finance certain projects on a tax-exempt basis with an estimated cost of $59,246,600.00 and a series of bonds to refund a portion of the bonds issued by The Industrial Development Authority of the City of Kansas City, Missouri to finance the Kansas City Downtown Redevelopment District, such Series 2026 Bonds to be issued in an aggregate principal amount not to exceed $150,000,000; approving and authorizing certain documents and actions relating to the issuance of the Series 2026 Bonds; estimating and appropriating revenue in Fund No. 3456, the Taxable Special Obligation Series 2026A Bond Fund and Fund No. 3457, the Special Obligation Series 2026B and Series 2026C Bond Fund; designating requisitioning authority; declaring the City's intent to reimburse itself from bond proceeds; authorizing the Director of Finance to modify and close project accounts; and recognizing this ordinance as having an accelerated effective date.

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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 Taxable Special Obligation Bonds (Kansas City, Missouri Projects), which shall be designated the Series 2026A Bonds or such other series designation as the Director of Finance shall determine (the "Series 2026A Bonds"), to provide funds: (a) to design, construct, reconstruct and/or improve certain projects within the City with an estimated aggregate cost of $45,080,817.20, as set forth on Schedule I attached hereto and made a part hereof by reference (the "Taxable ...

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