File #: 210845    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 9/10/2021 In control: Council
On agenda: 9/23/2021 Final action: 9/23/2021
Title: Authorizing and directing the issuance, sale and delivery of not to exceed $86,000,000.00 principal amount of Water Refunding Revenue Bonds, Series 2021A, of the City of Kansas City, Missouri, prescribing the form and details of such revenue bonds; authorizing certain actions and documents and prescribing other matters relating thereto.
Attachments: 1. 210845 Water Refunding, 2. 210845 Fiscal Note, 3. 210845 Fact Sheet, 4. Ordinance 210845_210846 Series 2021AB Water_Sewer Refunding Revenue Bonds_, 5. Authenticated Ordinance 210845
ORDINANCE NO. 210845

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Authorizing and directing the issuance, sale and delivery of not to exceed $86,000,000.00 principal amount of Water Refunding Revenue Bonds, Series 2021A, of the City of Kansas City, Missouri, prescribing the form and details of such revenue bonds; authorizing certain actions and documents and prescribing other matters relating thereto.

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WHEREAS, the City of Kansas City, Missouri (the "City"), is a constitutional charter City and political subdivision duly organized and existing under the laws of the State of Missouri (the "State") and the City's Charter, as amended, approved by the voters for its government (the "Charter"), and owns and operates a revenue producing waterworks system (the "System"); and
WHEREAS, pursuant to Second Committee Substitute for Ordinance No. 080197 passed by the City on August 14, 2008, as previously amended and supplemented (the "Master Bond Ordinance"), the City heretofore issued and has outstanding the following Senior Bonds (as defined herein) payable from the Pledged Revenues (as defined in the Master Bond Ordinance) of the System:

Series of Bonds
Dated Date
Original
Principal Amount
Outstanding
Principal Amount

Water Revenue Bonds, Series 2012A
(the "Series 2012A Bonds")
02/21/2012
$47,725,000
$34,710,000

Water Revenue Bonds, Series 2013A
(the "Series 2013A Bonds")
03/14/2013
$54,000,000
$45,640,000

Water Revenue Bonds, Series 2014A
(the "Series 2014A Bonds")
05/22/2014
$54,365,000
$45,225,000

Water Revenue Bonds, Series 2015A
(the "Series 2015A Bonds")
04/23/2015
$59,790,000
$54,180,000

Water Revenue Bonds, Series 2017A
(the "Series 2017A Bonds")
02/24/2017
$78,130,000
$70,250,000

Water Refunding Revenue Bonds, Series 2019A
(the "Series 2019A Bonds")
08/07/2019
$72,865,000
$57,800,000

Water Revenue Bonds, Series 2020A
(the "Series 2020A Bonds")
06/24/2020
$64,720,000
$61,815,000

WHEREAS, the City desires to refund (1) all of the Series 2012A Bonds outstanding in t...

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