File #: 3852    Version: 0 Name: Leasehold Refunding and Improvement Revenues Bonds
Type: Ordinance Status: Passed
File created: 11/20/2006 In control: Finance and Audit Committee
On agenda: 11/20/2006 Final action: 11/27/2006
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.
Sponsors: Scott Burnett
Indexes: IMPROVEMENT REVENEW BONDS, LEASEHOLD REVENUE, PUBLIC BUILDING CORP.
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...

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