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File #: 220486    Version: 1 Name:
Type: Resolution Status: Passed
File created: 5/26/2022 In control: Council
On agenda: 6/9/2022 Final action: 6/9/2022
Title: Estimating revenue and appropriating $11,500,000.00 from the Unappropriated Fund Balance of the General Obligation Series 2023A Question 1 Bond Fund; designating requisitioning authorities; declaring the intent of the City to reimburse itself from the bond proceeds for certain expenditures; and authorizing the Director of Finance to close project accounts.
Sponsors: Kevin O'Neill
Attachments: 1. 220486 Fact Sheet, 2. Authenticated Ordinance 220486
ORDINANCE NO. 220486

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Estimating revenue and appropriating $11,500,000.00 from the Unappropriated Fund Balance of the General Obligation Series 2023A Question 1 Bond Fund; designating requisitioning authorities; declaring the intent of the City to reimburse itself from the bond proceeds for certain expenditures; and authorizing the Director of Finance to close project accounts.

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WHEREAS, Ordinance No. 160877 put before the voters the question of enacting a basic maintenance and capital improvements program for 20 additional years by the extension of the current 1% general sales tax used for capital improvements and maintenance; and

WHEREAS, in a Special Election called on April 4, 2017, the voters of the City of Kansas City, Missouri approved Question 1 to be used for funding Streets, Bridges and Sidewalks, Question 2 to be used for Flood Control and Question 3 to be used for Public Buildings; and

WHEREAS, pursuant to Committee Substitute for Resolution No. 200807, the 2020-2024 Citywide Business Plan included the Submitted FY 2022-2026 GOKC Bond Five-Year Plan of which the first year of the plan (FY2021-22) was approved; and

WHEREAS, Committee Substitute for Ordinance No, 220200 approved the
appropriation of $20,000,000 for the General Obligation Series 2023A Question 1 Bond Fund for Street Resurfacing, and

WHEREAS, Ordinance No. 180418 authorized a Funding Agreement between the City and the Tax Increment Financing Commission for the Arlington Road Tax Increment Financing Plan which obligated the City to provide $9,000,000.00 in installment payments towards the Arlington Road Project for fiscal years 2020-2021, 2021-2022 and 2022-2023 subject to the appropriation of funds; and

WHEREAS, the City Council desires to fund its annual allocation for Sidewalks and ADA Curb Ramps, Complete Streets and Vision Zero in advance of a capital project scoring methodology which will assist in allocating the balance of the FY2022-23 GOK...

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