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Legislation #: 950650 Introduction Date: 5/11/1995
Type: Ordinance Effective Date: none
Sponsor: None
Title: Authorizing the Director of the City Development Department to enter into a cooperative agreement with the Economic Development Corporation of Kansas City, Land Clearance for Redevelopment Authority, Port Authority, and Tax Increment Financing Commission in the amount of $1,820,320.00 for the purpose of providing funds for certain development and redevelopment services and directing the City Clerk to record certain documents with the appropriate offices.

Legislation History
DateMinutesDescription
5/11/1995

Prepare to Introduce

5/11/1995

Referred Plans And Zoning Committee

5/17/1995

Advance and Do Pass

5/18/1995

Passed


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ORDINANCE NO. 950650

 

Authorizing the Director of the City Development Department to enter into a cooperative agreement with the Economic Development Corporation of Kansas City, Land Clearance for Redevelopment Authority, Port Authority, and Tax Increment Financing Commission in the amount of $1,820,320.00 for the purpose of providing funds for certain development and redevelopment services and directing the City Clerk to record certain documents with the appropriate offices.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Director of the City Development Department is hereby authorized to enter into a cooperative agreement on behalf of the City with the Economic Development Corporation of Kansas City, Land Clearance for Redevelopment Authority, Port Authority, and Tax Increment Financing Commission, a copy of which agreement in substantial form is attached hereto, in the amount of $1,820,320.00 for the purpose of providing funds for certain development and redevelopment services from funds heretofore appropriated to Account Nos.:

 

96-100-064-2000-B Economic Development Corporation $1,520,320.00 96-264-064-2000-B Economic Development Corporation 300,000.00

 

Section 2. That the Director of City Development is hereby authorized to expend the sum of $1,820,320.00 from funds heretofore appropriated to Account Nos. 96-100-064-2000-B and 96-264-064-2000-B for payment to the Economic Development Corporation of Kansas City for work to be performed under the aforesaid agreement.

 

Section 3. That the City Clerk is hereby directed to record copies of this ordinance, together with the cooperative agreement, in the office of the Secretary of State and in the Department of Records of Jackson County, Missouri.

 

_____________________________________________

 

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