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Legislation #: 060521 Introduction Date: 5/11/2006
Type: Ordinance Effective Date: none
Sponsor: None
Title: Authorizing the Director of City Development to execute three contracts for a total amount of $453,000.00 for funding assistance for three community housing development projects.

Legislation History
DateMinutesDescription
5/8/2006 Filed by the Clerk's office
5/11/2006 Referred to Neighborhood Development and Housing Committee
5/17/2006 Advance and Do Pass, Debate
5/18/2006 Passed

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060521.pdf Authenticated 175K Authenticated

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ORDINANCE NO. 060521

 

Authorizing the Director of City Development to execute three contracts for a total amount of $453,000.00 for funding assistance for three community housing development projects.

 

WHEREAS, Resolution No. 050253, As Amended, adopted on April 7, 2005, approved the 2005 Consolidated One Year Action Plan, prepared pursuant to the National Affordable Housing Act of 1990, as amended; and

 

WHEREAS, the 2005 Consolidated Plan identified $453,000.00 to be set aside for use in the HOME Investment Partnership - Community Housing Development Organization Program (CHDO); and

 

WHEREAS, pursuant to a request for proposal process, three CHDO developers have been selected to receive funding; and

 

WHEREAS, the three CHDO developers and the projects selected are as follows: $160,000.00 to Blue Hills Community Services Corporation for acquisition and demolition of one blighted structure and construction of five single family homes in the 4900 block of Park and Olive Streets; $114,324.00 to Westside Housing Organization for the construction and second mortgage financing of four single family homes at 2715 and 2719 Holly and 1747 and 1751 Belleview; and $178,676.00 to 12th Street Heritage Development Corporation for the construction and second mortgage financing of four single family homes in the 1200 block of Michigan Avenue; and

 

WHEREAS, the City will be entering into loan documents and project regulatory agreements with each of these three CHDO developers; and

 

WHEREAS, through this Ordinance the City desires to enter into contracts to provide financing for the Blue Hills Community Services Corporation, the Westside Housing Organization and 12th Street Heritage Development Corporation CHDO Projects; NOW, THEREFORE;

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Director of City Development, on behalf of the City of Kansas City, Missouri, is hereby authorized to enter into and execute three contracts with Community Housing Development Organizations in the following amounts: $160,000.00 to Blue Hills Community Services Corporation; $114,324.00 to Westside Housing Organization; $178,676.00 to 12th Street Heritage Development Corporation. Copies of the contracts, in substantial form, are available in the office of the Director of City Development and are incorporated herein by reference.


Section 2. That $453,000.00 is hereby appropriated from the Unappropriated Fund Balance of the HOME Fund to the following account:

 

07-2940-645301 HOME Fund $453,000.00

 

_________________________________________________

 

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 the credit of the fund from which payment is to be made, each sufficient to meet the obligation hereby incurred.

 

 

________________________

Debra Hinsvark

Director of Finance

 

Approved as to form and legality:

 

 

_________________________

Nicole Rowlette

Assistant City Attorney