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Legislation #: 010463 Introduction Date: 3/22/2001
Type: Ordinance Effective Date: 5/6/2001
Sponsor: None
Title: Authorizing execution of a $1,464,000.00 Cooperative Agreement with the Tax Increment Financing Commission of Kansas City, Missouri, for the purpose of providing funds for the Midtown Market Development Project; authorizing a $109,000.00 Cooperative Agreement with the Tax Increment Financing Commission for certain public improvements within the Midtown Market Place; directing the City Clerk to file certain documents with the appropriate offices; and estimating the remaining uncollected balance.

Legislation History
DateMinutesDescription
3/22/2001

Prepare to Introduce

3/22/2001

Referred Finance and Audit Committee

3/28/2001

Hold On Agenda

4/4/2001

Hold On Agenda

4/11/2001

Hold On Agenda

4/18/2001

Hold On Agenda

4/25/2001

Advance and Do Pass as a Committee Substitute

4/26/2001

Passed as Substituted


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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 010463

 

Authorizing execution of a $1,464,000.00 Cooperative Agreement with the Tax Increment Financing Commission of Kansas City, Missouri, for the purpose of providing funds for the Midtown Market Development Project; authorizing a $109,000.00 Cooperative Agreement with the Tax Increment Financing Commission for certain public improvements within the Midtown Market Place; directing the City Clerk to file certain documents with the appropriate offices; and estimating the remaining uncollected balance.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Director of the Department of Housing and Community Development is hereby authorized to execute a Cooperative Agreement, on behalf of the City, with the Tax Increment Financing Commission of Kansas City, Missouri, in the amount of $1,464,000.00, for the purpose of providing funds for the Midtown Market Development Project to be paid from funds previously appropriated to Account No. 01-309-055-7207-T, UDAG Midtown Market Development. A copy of the Cooperative Agreement, in substantial form, is attached hereto and is hereby approved.

 

Section 2. That the Director of the Department of City Development is hereby authorized to execute a Cooperative Agreement, on behalf of the City, with the Tax Increment Financing Commission of Kansas City, Missouri, in an amount not to exceed $109,000.00, for the purpose of providing funds for certain public improvements, including installation of streetlights to traffic light poles, within the Midtown Market Place to be paid from funds previously appropriated to Account No. 01-328-064-6211-B, Midtown Market Place. A copy of the Cooperative Agreement, in substantial form, is attached hereto and is hereby approved.

 

Section 3. That the City Clerk is hereby directed to file copies of the Cooperative Agreements, together with a copy of this ordinance, in the office of the Secretary of the State of Missouri and in the Department of Records for Jackson County, Missouri.

 

Section 4. That the remaining uncollected balance in revenue Account No. 01-309-055-7705 is hereby estimated in the same account in the 2001-02 fiscal year.

 

________________________________________________________

 

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