IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
AN ORDINANCE appropriating $53,678,801.00 from the undesignated fund balance of the 2016 Special Obligation Bond Capital Projects Fund and $1,072,292.00 from the undesignated fund balance of the 2016 Special Obligation Bond Debt Service Fund, transferring $1,070,292.00 within the 2016 Special Road and Bridge Fund, in acceptance of bond proceeds from the sale and distribution of 2016 Special Obligation Bonds (Rock Island Rail Corridor Authority), and authorizing the Chief Financial Officer to make certain payments related to the bond issuance.
Intro
ORDINANCE NO. 4854, June 6, 2016
INTRODUCED BY Dennis Waits, County Legislator
Body
WHEREAS, by Ordinance 4833, dated March 28, 2016, the Legislature did authorize the sale and distribution of Special Obligation Bonds, Series 2016 (RIRR Right-of-Way Project); and,
WHEREAS, an appropriation and transfer are necessary to place the bond proceeds in the appropriate spending accounts to make funds available for certain acquisition costs, improvements, surveys, and equipment rental contemplated in the bond issuance; and,
WHEREAS, the County Executive recommends said appropriation and transfer; now therefore,
BE IT RESOLVED by the County Legislature of Jackson County, Missouri, that the following appropriation from the undesignated fund balance of the 2016 Special Obligation Bond Capital Project Fund and the 2016 Special Obligation Bond Debt Service Fund and transfer within the 2016 Special Road and Bridge Fund be and hereby are made:
DEPARTMENT/DIVISION CHARACTER/DESCRIPTION FROM TO
Special Obligation Bond Capital Project Fund
Cost of Issuance
014-9999 48010 - Bond Proceeds $53,678,801
014-2810 Undesignated Fund Balance $53,678,801
014-2810 Undesignated Fund Balance $53,578,801
014-8016 56960 - Note Issue $ 689,540
Special Obligation Bond Capital Project Fund
Rock Island Rail Corridor Authority
014-3601 58010...
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