250216
Sponsor: Director of Finance Department COMMITTEE SUBSTITUTE Approving the issuance by the City of Kansas City Missouri of its special obligation bonds in more than one series (collectively, the “Series 2025 Bonds”), including a series of bonds to finance certain projects on a taxable basis with an estimated cost of $109,950,000.00, a series of tax-exempt bonds to finance certain projects with an estimated cost of $35,350,000.00 and a series of bonds to refund certain bonds of the City previously issued to refinance the downtown arena, such Series 2025 Bonds to be issued in an aggregate principal amount not to exceed $295,000,000; approving and authorizing certain documents and actions relating to the issuance of the Series 2025 Bonds; estimating and appropriating the proceeds of the sale of bonds in various funds; declaring the City’s intent to reimburse itself from bond proceeds; authorizing the Director of Finance to modify and close project accounts; and recognizing this ordinance as having an accelerated effective date.
- Committee
- Council
- Introduced
- February 27, 2025
- On agenda
- March 20, 2025
- Passed
- March 20, 2025
Where it was heard
Council Finance, Governance and Public Safety Committee CouncilWatch Kansas City
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