File #: 220230    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 3/3/2022 In control: Finance, Governance and Public Safety Committee
On agenda: 3/23/2022 Final action: 3/31/2022
Title: Approving the issuance by the City of Kansas City Missouri of its special obligation bonds in more than one series (collectively, the "Series 2022 Bonds"), including a series of bonds to finance certain projects on a tax-exempt basis with an estimated cost of $2,893,100.00, a series of bonds to finance certain projects on a taxable basis with an estimated cost of $34,030,000.00, 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 $116,443,586.00 and refund certain bonds previously issued to finance costs of such project, such Series 2022 Bonds to be issued in an aggregate principal amount not to exceed $249,100,000; approving and authorizing certain documents and actions relating to the issuance of the Series 2022 Bonds; increasing and appropriating revenue in the amount of $4,438,000.00 in Fund No. 3428, the 2014A Special Obligation Bond Fund, in the amount of $1,315,000.00 in Fund No. 3444, the Taxable...
Attachments: 1. Accounting Forms for Amendment to SO Ordinance Series 2022A, 2022B and 2022C.pdf, 2. SO 2022ABC Ordinance Fact Sheet - revised 03022022.pdf, 3. SO 2022C Fiscal Note 03042022..pdf, 4. SO 2022AB Fiscal Note 03042022.pdf, 5. Ordinance 220230 Series 2022 Special Obligation Bonds_, 6. Authenticated Ordinance 220230
ORDINANCE NO. 220230

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Approving the issuance by the City of Kansas City Missouri of its special obligation bonds in more than one series (collectively, the "Series 2022 Bonds"), including a series of bonds to finance certain projects on a tax-exempt basis with an estimated cost of $2,893,100.00, a series of bonds to finance certain projects on a taxable basis with an estimated cost of $34,030,000.00, 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 $116,443,586.00 and refund certain bonds previously issued to finance costs of such project, such Series 2022 Bonds to be issued in an aggregate principal amount not to exceed $249,100,000; approving and authorizing certain documents and actions relating to the issuance of the Series 2022 Bonds; increasing and appropriating revenue in the amount of $4,438,000.00 in Fund No. 3428, the 2014A Special Obligation Bond Fund, in the amount of $1,315,000.00 in Fund No. 3444, the Taxable Special Obligation Series 2022B Bond Fund, in the amount of $83,838,414.00 in Fund No. 3445, the Special Obligation Series 2022C Streetcar Bond Fund, and in the amount of $200,000.00 in Fund No. 3446, the Special Obligation Series 2022A 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 Special Obligation Bonds (Kansas City, Missouri Projects), which shall be designated the Series 2022A Bonds or such other series designation as the Director of Finance shall determine (the "Series 2022A Bonds"), to provide funds: (a) to design, con...

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