ORDINANCE NO. 060802

Accepting a grant from the Federal Home Loan Bank, Affordable Housing Program, in the amount of $500,000.00, authorizing the Director of Neighborhood and Community Services to enter into an agreement with the Federal Home Loan Bank; estimating revenue in the amount of $500,000.00 and appropriating it to the Federal Home Loan Bank account of the General Fund; and waiving building permit fees.

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. Authorizing the Director of Neighborhood and Community Services Department to accept a grant in the amount of $500,000.00 from the Federal Home Loan Bank, Affordable Housing Program, for the purpose of providing repairs to homes of low income homeowners in four (4) targeted neighborhoods, and to enter into an agreement for the expenditure of the funds.

Section 2. That the revenue in the following account of the General Fund is hereby increased by the following amount:

07-1000-570000-477605 Federal Home Loan Bank $500,000.00

Section 3. That the sum of $500,000.00 is hereby appropriated from the Unappropriated Fund Balance of the General Fund to the following account in the General Fund:

 07-1000-575310-B Federal Home Loan Bank $500,000.00

Section 4. That building permit fees will be waived for repair projects funded through this program in order to satisfy grant match requirements.

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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.

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Debra R. Hinsvark

Director of Finance

Approved as to form and legality:

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Nicole Rowlette

Assistant City Attorney