KC Skyline

City Clerk Web Search

Search the Ordinances:

Legislation #: 120045 Introduction Date: 1/12/2012
Type: Ordinance Effective Date: 1/29/2012
Sponsor: None
Title: Authorizing execution of an amendment to a contract with the Economic Development Corporation of Kansas City, Missouri by increasing the maximum amount of compensation to $8,706,361.00 for the provision of special services to the City under the Neighborhood Stabilization Program (NSP).

Legislation History
DateMinutesDescription
1/12/2012 Filed by the Clerk's office
1/12/2012 Referred to Planning, Zoning & Economic Development Committee
1/18/2012 Advance and Do Pass, Debate
1/19/2012 Passed

View Attachments
FileTypeSizeDescription
120045.tiff Authenticated 71K AUTHENTICATED
fact sheet.xls Fact Sheet 169K fact sheet

Printer Friendly Version

ORDINANCE NO. 120045

 

Authorizing execution of an amendment to a contract with the Economic Development Corporation of Kansas City, Missouri by increasing the maximum amount of compensation to $8,706,361.00 for the provision of special services to the City under the Neighborhood Stabilization Program (NSP).

WHEREAS, on July 30, 2008, the U.S. Congress approved the Housing and Economic Recovery Act of 2008 (HERA), to be administered by the U.S Department of Housing and Urban Development (HUD) and appropriated approximately $3.92 billion of emergency assistance for redevelopment of abandoned and foreclosed homes, of which the City received an allocation of $7,323,734.00.00; and

WHEREAS, Title III of HERA established the Neighborhood Stabilization Program (NSP) which requires that this funding be made available to cities on a formula basis as Community Development Block Grant funds are provided; and

WHEREAS, the City issued Request for Proposals/Qualifications No. EV000673 from entities interested in being named the Neighborhood Stabilization Program Land Bank and Special Services Subrecipient; and

WHEREAS, EDC was selected as Subrecipient to administer activities included in the HUD approved NSP Amendment to the City Consolidated Action Plan and the City subsequently entered into a contract (No. 10006) for services in the amount of $6,861,361.00; and

WHEREAS, Ordinance No. 100769 authorized an amendment to Contract No. 10006 by increasing the amount of the contract to $7,046,361.00; and

WHEREAS, the City needs to provide additional compensation to the Economic Development Corporation of Kansas City, Missouri (EDC) to cover the administrative and purchase/rehabilitation costs of carrying out eligible NSP activities from October 1, 2011 through September 30, 2012; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the Interim Director of Housing and Community Development is hereby authorized to enter into an amendment to contract No. 10006 to increase the maximum amount of compensation that the City may pay the Economic Development Corporation of Kansas City, Missouri to $8,706,361.00. The $1,660,000 in increased compensation shall be funded through NSP program income. A copy of the contract, in substantial form, is on file in the office of the Interim Director of Housing and Community Development and is incorporated herein by reference.

______________________________________

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. 

 

 

Randall J. Landes

Director of Finance

 

Approved as to form and legality:

 

 

Nicole Rowlette

Assistant City Attorney

).