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F & G and T & I Joint Committee

Wednesday, April 7, 2021 · 9:00 AM AM · 26th Floor, Council Chambers

TL;DR

The City Council's Finance and Transportation Joint Committee met to establish three new bond funds totaling approximately $67.3 million for city projects. These bond funds will be used for various municipal improvements and infrastructure investments, with the funds coming from the city's unappropriated balance.

Key Decisions

  • General Obligation Series 2022A Question 1 Bond Fund Establishing Fund
  • General Obligation Series 2022A Question 2 Bond Fund Establishing Fund
  • General Obligation Series 2022A Question 3 Bond Fund Establishing Fund
  • Potential Closed Session Possible discussion of legal, real estate, personnel, and other sensitive matters

Agenda

  1. PUBLIC OBSERVANCE OF MEETINGS Members of the City Council may attend this meeting via videoconference. Any closed session may be held via teleconference. The public can observe this meeting at the links provided below. Applicants and citizens wishing to participate have the option of attending each meeting or they may do so through the videoconference platform ZOOM, using this link: https://us02web.zoom.us/j/84530222968
  2. HELD IN COMMITTEE
  3. 210178 Establishing Fund No. 3522, the General Obligation Series 2022A Question 1 Bond Fund in the records of the City of Kansas City, Missouri; estimating and appropriating $61,314,362.00 from the Unappropriated Fund Balance of the General Obligation Series 2022A Question 1 Bond Fund; establishing Fund No. 3622, the General Obligation Series 2022A Question 2 Bond Fund in the records of the City of Kansas City, Missouri; estimating and appropriating $3,220,101.00 from the Unappropriated Fund Balance of the General Obligation Series 2022A Question 2 Bond Fund; establishing Fund No. 3722, the General Obligation Series 2022A Question 3 Bond Fund in the records of the City of Kansas City, Missouri; estimating and appropriating $2,819,192.00 from the Unappropriated Fund Balance of the General Obligation Series 2022A Question 3 Bond Fund; designating requisitioning authorities; declaring the intent of the City to reimburse itself from the bond proceeds for certain expenditures; authorizing the Director of Finance to close project accounts; and establishing the effective date of this ordinance.
    Ordinance
  4. ADDITIONAL BUSINESS
  5. 1. There may be a general discussion regarding current Finance and Transportation, Infrastructure and Operations Joint Committee issues.
  6. 2. Closed Session; Any closed session may be held via teleconference. • Pursuant to Section 610.021 subsection 1 of the Revised Statutes of Missouri to discuss legal matters, litigation, or privileged communications with attorneys; • Pursuant to Section 610.021 subsection 2 of the Revised Statutes of Missouri to discuss real estate; • Pursuant to Section 610.021 subsections 3 and 13 of the Revised Statutes of Missouri to discuss personnel matters; • Pursuant to Section 610.021 subsection 9 of the Revised Statutes of Missouri to discuss employee labor negotiations; • Pursuant to Section 610.021 subsection 11 of the Revised Statutes of Missouri to discuss specifications for competitive bidding; • Pursuant to Section 610.021 subsection 12 of the Revised Statutes of Missouri to discuss sealed bids or proposals; or • Pursuant to Section 610.021 subsection 17 of the Revised Statutes of Missouri to discuss confidential or privileged communications with auditors.
  7. Adjournment
  8. Untitled item