IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
AN ORDINANCE appropriating $14,419,778.40 from the unappropriated surplus of the 2006 Public Building Corporation Capital Projects Fund to make available the proceeds of the Leasehold Refunding and Improvement Revenue Bonds, Series 2006B, for the purpose of funding certain road and bridge projects within the County.
Intro
ORDINANCE # 3852, November 20, 2006
INTRODUCED BY Scott Burnett, County Legislator
Body
WHEREAS, by Ordinance 3817, dated September 26, 2006, the Legislature did authorize the issuance of Jackson County Public Building Corporation Leasehold Revenue Bonds (Capital Improvement Project), Series 2006B, in a principal amount not to exceed $15,000,000.00; and,
WHEREAS, the purpose of this bond issue is to fund certain road and bridge projects within the County; and,
WHEREAS, this bond issue has been successfully concluded and it is now necessary that the bond issue's proceeds be appropriated and placed in the proper spending accounts; now therefore,
BE IT ORDAINED by the County Legislature of Jackson County, Missouri, that the following transfer within and appropriation from the unappropriated surplus of the 2006 Public Building Corporation Capital Project Fund be and hereby are made:
DEPARTMENT/DIVISION CHARACTER/DESCRIPTION FROM TO
Public Building Corporation
Capital Projects Fund
015-0000 8010 - Bond Proceeds $14,419,778.40
015-2810 Unappropriated Surplus $14,419,778.40
015-2810 Unappropriated Surplus $14,419,778.40
2006 Public Works Bonds
015 1516 8040 Roads & Highways $ 2,000,000
City of Kansas City
015 1540 8070 City Projects $10,000,000
City of Raytown
015 1544 8070 City Projects $ 1,200,000
Cost of Issuance
015 8016 6960 Note Issuance Expense $ 245,115.90
Public Building Corp - Debt Service Fund
069 2810 Unappropriated Surplus $ 974,662.50
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 # 3852 introduced on November 20, 2006, was duly passed on November 27, 2006 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 her signature.
____________________ ________________________________
Date Mary Jo Spino, Clerk of Legislature
I hereby approve the attached Ordinance # 3852.
____________________ ________________________________
Date Katheryn J. Shields, County Executive
Fiscal Note
Funds sufficient for this appropriation are available from the source indicated below.
ACCOUNT NUMBER: 015-2810
ACCOUNT TITLE: Public Building Corporation Capital Projects Fund
Unappropriated Surplus
NOT TO EXCEED: $14,419,778.40
______________________ _________________________________
Date Director of Finance and Purchasing