File #: 3439    Version: 0 Name: 2003 leasehold revenue bond proceeds
Type: Ordinance Status: Passed
File created: 11/10/2003 In control: Finance and Audit Committee
On agenda: 11/10/2003 Final action: 11/17/2003
Title: AN ORDINANCE appropriating $21,989,373.00 from the unappropriated surplus of the 2003 Public Building Corporation Capital Projects Fund to cover a portion of the proceeds of the 2003 leasehold revenue bond issue.
Sponsors: Dennis Waits
Indexes: LEASEHOLD REVENUE, PUBLIC BUILDING CORP.
IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI


Title
AN ORDINANCE appropriating $21,989,373.00 from the unappropriated surplus of the 2003 Public Building Corporation Capital Projects Fund to cover a portion of the proceeds of the 2003 leasehold revenue bond issue.


Intro
ORDINANCE # 3439, November 10, 2003

INTRODUCED BY Dennis Waits, County Legislator

Body
WHEREAS, by Ordinance 3420, dated September 22, 2003, the Legislature did authorize the issuance of not to exceed $26,000,000 principal amount of Jackson County Public Building Corporation Leasehold Revenue Bonds (Capital Improvement Project) Series 2003; and,

WHEREAS, this bond issue has been successfully concluded and it is now fitting that a portion of 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 appropriation from the unappropriated surplus of the 2003 Public Building Corporation Capital Projects Fund be and hereby is made:


DEPARTMENT/DIVISION CHARACTER/DESCRIPTION FROM TO

Public Building Corporation
Capital Projects Fund Bond Proceeds 21,989,373

015-2810 Unappropriated Surplus 21,989,373

015-2810 Unappropriated Surplus 21,989,373

Public Works Department
County Road Projects
015-1512 8040 - Roads & Highways 6,000,000

Parks Department
Ft. Osage Museum Building
015-1617 8020 - Building & Improvements 3,500,000

Facilities Management
Courthouse and Facility Improvements
015-1216 8020 - Building & Improvements 11,500,000

Jackson County Election Board
Building Acquisition
015-5502 8020 - Buildings & Improvements 500,000

Cost of Issuance
015-8016 6960 - Note Issuance Expense 489,373


Enacted and Approved
Effective Date: This ordinance shall be effective immediately upon its signature by the County Executive.

APPROVED AS TO FORM:

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