IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
AN ORDINANCE appropriating $100,000.00 from the undesignated fund balance of the 2012 General Fund and authorizing an addendum to the Agreement on Request for Qualifications No. 22-11 for the furnishing of investment banking and financial advisory services for use by the Finance and Purchasing Department, to Oppenheimer & Co., Inc., of Kansas City, MO, at an additional cost to the County not to exceed $100,000.00.
Intro
ORDINANCE #4425, July 9, 2012
INTRODUCED BY Dennis Waits, County Legislator
Body
WHEREAS, by Ordinance 4306, dated April 18, 2011, the Legislature did authorize an Agreement with Oppenheimer & Co., Inc., of Kansas City, MO, on Request for Qualifications No. 22-11, for the furnishing of investment banking and financial advisory services to the County; and,
WHEREAS, an addendum and extension of that Agreement is now necessary; and,
WHEREAS, in order to fund this addendum, an appropriation is necessary; and,
WHEREAS, the County Executive recommends this appropriation; now therefore,
BE IT ORDAINED by the County Legislature of Jackson County, Missouri, that the following appropriation from the undesignated fund balance of the 2012 General Fund be and hereby is made:
DEPARTMENT/DIVISION CHARACTER/DESCRIPTION FROM TO
General Fund
001-2810 Undesignated Fund Balance $100,000
001-5101 56080 - Other Professional Svcs $100,000
and,
BE IT FURTHER ORDAINED that the County Executive be and hereby is authorized to execute an Addendum to the Agreement with Oppenheimer & Co., Inc., in the amount of $100,000.00, in a form to be approved by the County Counselor; and,
BE IT FURTHER ORDAINED that the Director of Finance and Purchasing be and hereby is authorized to make all payments, including final payment on the agreement and the addendum thereto.
Enacted and Approved
Effective Date: This ordinance shall be effective immediately upon its signature by the County Executive.
APPROVED AS TO FORM:
______________________________ ________________________________
Chief Deputy County Counselor County Counselor
I hereby certify that the attached Ordinance, Ordinance #4425, introduced on July 9, 2012, was duly passed on July 9, 2012 by the Jackson County Legislature. The votes thereon were as follows:
Yeas ________8_______ Nays ________0______
Abstaining ____0_______ Absent _______1______
This Ordinance is hereby transmitted to the County Executive for his signature.
____________________ ________________________________
Date Mary Jo Spino, Clerk of Legislature
I hereby approve the attached Ordinance #4425.
____________________ ________________________________
Date Michael D. Sanders, County Executive
Fiscal Note
Funds sufficient for this appropriation are available from the source indicated below.
ACCOUNT NUMBER: 010 2810
ACCOUNT TITLE: General Fund
Undesignated Fund Balance
NOT TO EXCEED: $100,000.00
There is a balance otherwise unencumbered to the credit of the appropriation to which the expenditure is chargeable and there is a cash balance otherwise unencumbered in the treasury to the credit of the fund from which payment is to be made sufficient to provide for the obligation herein authorized.
ACCOUNT NUMBER: 010 5101 56080
ACCOUNT TITLE: General Fund
Non-Departmental
Other Professional Services
NOT TO EXCEED: $100,000.00
________________________ _________________________________
Date Director of Finance and Purchasing