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Legislation #: 050601 Introduction Date: 5/19/2005
Type: Ordinance Effective Date: none
Sponsor: COUNCILMEMBERS XBARNES, GLOVER AND NASH
Title: Authorizing execution of a $200,000.00 contract with the Kansas City Missouri, Homesteading Authority (KCMHA) for funding assistance of the Waltower Building.

Legislation History
DateMinutesDescription
5/19/2005 Filed by the Clerk's office
5/19/2005 Referred to Neighborhood Development and Housing Committee
5/25/2005 Advance and Do Pass, Debate
5/26/2005 Passed

View Attachments
FileTypeSizeDescription
050601.pdf Authenticated 78K Authenticated
OrdinanceFACTSHEETWaltower.doc Advertise Notice 49K Ordinance Fact Sheet - Waltower Building
ORDINANCEWaltower.doc Advertise Notice 27K Ordinance - Waltower Building

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ORDINANCE NO. 050601

 

Authorizing execution of a $200,000.00 contract with the Kansas City Missouri, Homesteading Authority (KCMHA) for funding assistance of the Waltower Building.

 

WHEREAS, the Waltower Building Lofts, located at 823 Walnut, Kansas City, Missouri, a 53-unit affordable multi-family housing development, was included in the 2004 Consolidated Housing and Community Development Plan, was approved for funding assistance with Community Development Block Grant funds by the City Council of Kansas City in Committee Substitute for Resolution No. 040032 on February 26, 2004; and

 

WHEREAS, on February 16, 2005, the Kansas City Missouri Homesteading Authority, the Citys housing agent, authorized an agreement to finance the Waltower Building in the amount of Two Hundred Thousand Dollars ($200,000.00) to assist in construction activities, and to further the Citys goal of providing affordable housing by creating 53 affordable housing units in the Downtown Strategy Area; and

 

WHEREAS, through this Ordinance the City and KCMHA desire to enter into a contract to provide financing for the Waltower Building; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Housing Administrator of Housing Development, City Planning and Development Department on behalf of the City of Kansas City, Missouri is hereby authorized to enter into and execute a $200,000.00 contract with the Kansas City Missouri Homesteading Authority which is on file in substantial form in the office of the Director of City Development and is incorporated herein by reference, for the purpose of providing financing for the preservation of the Waltower Building, located at 823 Walnut, Kansas City, Missouri into 53 units of affordable rental housing from funds herein appropriated to Account No. 06-2650-642102-B.

 

Section 2. That $200,000.00 is hereby appropriated from the Unappropriated Fund Balance of the 2004 Community Development Block Grant Fund, No. 2650, to the following account:

 

06-2650-642102-B

Downtown Multi-Family Housing

$200,000.00

 

_____________________________________________

 


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

 

 

___________________________________

Wanda Gunter

Acting Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Nicole Rowlette

Assistant City Attorney