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Legislation #: 010613 Introduction Date: 4/19/2001
Type: Ordinance Effective Date: 5/6/2001
Sponsor: None
Title: Authorizing a contract amendment with the Housing and Economic Development Financial Corporation (HEDFC) decreasing the HOME funding for the Single-Family Homeownership Program by $1,700,000.00 and decreasing CDBG funding for Housing Development Program-non-CDC areas by $600,000.00; authorizing an Implementation Agreement Amendment with HEDFC and the Housing Authority of Kansas City, Missouri, decreasing the CDBG funds by $500,000.00 and providing $500,000.00 of HOME funds for the purpose of providing funds for public housing; authorizing a contract amendment with HEDFC for the Multi-Family Housing Program; and approving certain amendments to certain Consolidated Plans.

Legislation History
DateMinutesDescription
4/19/2001

Prepare to Introduce

4/19/2001

Referred Planning, Zoning & Economic Development Committee

4/25/2001

Advance and Do Pass

4/26/2001

Passed


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ORDINANCE NO. 010613

 

Authorizing a contract amendment with the Housing and Economic Development Financial Corporation (HEDFC) decreasing the HOME funding for the Single-Family Homeownership Program by $1,700,000.00 and decreasing CDBG funding for Housing Development Program-non-CDC areas by $600,000.00; authorizing an Implementation Agreement Amendment with HEDFC and the Housing Authority of Kansas City, Missouri, decreasing the CDBG funds by $500,000.00 and providing $500,000.00 of HOME funds for the purpose of providing funds for public housing; authorizing a contract amendment with HEDFC for the Multi-Family Housing Program; and approving certain amendments to certain Consolidated Plans.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY, MISSOURI

 

Section 1. That the Director of the Department of Housing and Community Development is hereby authorized to execute a contract amendment with the Housing and Economic Development Financial Corporation, for the Housing Preservation and Development Loan Programs, decreasing the HOME funding for Single-Family Homeownership by $1,700,000.00 and decreasing CDBG expenditures for Housing Development Program-non-CDC areas by $600,000.00, in order to make funds available for the Multi-Family Housing Program. A copy of the contract amendment, in substantial form, is attached hereto and is hereby approved.

 

Section 2. That the Director of the Department of Housing and Community Development is hereby authorized to amend the Implementation Agreement with the Housing and Economic Development Financial Corporation and the Housing Authority of Kansas City, Missouri, by decreasing the CDBG funds by $500,000.00 and providing $500,000.00 of HOME Funds, for the purpose of providing funds for acquisition of property and development of housing for public purposes consistent with the Guinotte Manor Cooperative Agreement to be paid from funds previously appropriated to Account No. 00-294-055-2136-B, HOME. A copy of the Amended Implementation Agreement Amendment, in substantial form, is attached hereto and is hereby approved.

 

Section 3. That the Director of the Department of Housing and Community Development is hereby authorized to execute a contract amendment with the Housing and Economic Development Financial Corporation for the Multi-Family Housing Program, increasing the contract amount by $2,800,000.00 for a new total contract amount of $28,925,589.00, for the purpose of providing funds for loans to be made for the Multi-Family Loan Program to be paid from funds previously appropriated to Account Nos. 99-267-055-7205-T, ($500,000.00), Guinotte, and 00-294-055-2136-B, Homeownership ($1,700,000.00) and authorizes expenditures of $600,000.00 of loan repayments from HEDFC housing programs. A copy of the contract amendment, in substantial form, is attached hereto and is hereby approved.

 

Section 4. That an amendment to the 1998 Consolidated Plan, decreasing CDBG funding for Guinotte Manor Scattered Site Housing from $1,155,000.00 to $655,000.00 for Guinotte Manor Scattered Site Housing, is hereby approved.

Section 5. That an amendment to the 1999 Consolidated Plan, decreasing HOME funding for Homebuyer Assistance by $500,000.00 and providing HOME funding for Guinotte Manor Scattered Site Housing in the amount of $500,000.00, is hereby approved.

 


Section 6. That an amendment to the 2000 Consolidated Plan, decreasing HOME funding for Single-Family Home by $1,700,000.00 and increasing the Multi-Family funding of HOME funds from $785,000.00 to $2,485,000.00 and decreasing CDBG funding for Housing Development Programs-Non-CDC areas by $600,000.00 to $830,000.00 and increasing CDBG funding for Multi-Family Housing by $1,100,000.00, is hereby approved.

 

________________________________________________________

 

I hereby certify that there is a balance, otherwise unencumbered, to the credit of the appropriation to which the foregoing expenditure is to be charged, and a cash balance, otherwise unencumbered, in the treasury, to the credit of the fund from which payment is to be made, each sufficient to meet the obligation hereby incurred.

 

 

___________________________________

Director of Finance

 

 

Approved as to form and legality:

 

 

 

___________________________________

Assistant City Attorney