File #: 3657    Version: 0 Name: Debt service consts of the 2005 bond issue.
Type: Ordinance Status: Passed
File created: 8/8/2005 In control: Finance and Audit Committee
On agenda: 8/8/2005 Final action: 8/15/2005
Title: AN ORDINANCE appropriating $26,857,984.00 from the unappropriated surplus of the 2005 Public Building Corporation Capital Projects Fund to make proceeds of the 2005 bond issue available for capital improvements, transferring funds within the 2005 General Fund, Park Fund, Special Road and Bridge Fund, Assessment Reimbursement Fund, and County Urban Road System Fund for debt service payments, and appropriating $839,325.00 from the unappropriated surplus of the Public Building Corporation Debt Service Fund to provide for debt service costs of the 2005 bond issue.
Sponsors: Henry C. Rizzo
Indexes: GENERAL FUND, PUBLIC BUILDING CORP., SPECIAL ROAD & BRIDGE FUND, URBAN ROAD SYSTEM
Attachments: 1. 3657adopted.pdf, 2. 3657bu.pdf
IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI


Title
AN ORDINANCE appropriating $26,857,984.00 from the unappropriated surplus of the 2005 Public Building Corporation Capital Projects Fund to make proceeds of the 2005 bond issue available for capital improvements, transferring funds within the 2005 General Fund, Park Fund, Special Road and Bridge Fund, Assessment Reimbursement Fund, and County Urban Road System Fund for debt service payments, and appropriating $839,325.00 from the unappropriated surplus of the Public Building Corporation Debt Service Fund to provide for debt service costs of the 2005 bond issue.


Intro
ORDINANCE # 3657, August 8, 2005

INTRODUCED BY Henry C. Rizzo, County Legislator


Body
WHEREAS, by Ordinance 3612, dated March 14, 2005, the Legislature did authorize the issuance of Jackson County Public Building Corporation Leasehold Revenue Bonds (Capital Improvement Project) Series 2005 in a principal amount not to exceed $28,000,000.00; 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 and that funds be appropriated for the required debt service costs; and,

WHEREAS, transfers within the 2005 General Fund, Park Fund, Special Road and Bridge
Fund, Assessment Reimbursement Fund and County Urban Road System Fund are necessary to provide for the debt service payments; now therefore,
BE IT ORDAINED by the County Legislature of Jackson County, Missouri, that the following appropriation from the unappropriated surplus of the 2005 Public Building Corporation Capital Projects Fund and the unappropriated surplus of the 2005 Public Building Corporation Debt Service Fund and transfers within the 2005 General Fund, Park Fund, Special Road and Bridge Fund, Assessment Reimbursement Fund, and County Urban Road System Fund be and hereby are made:
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