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.
_____________________________________________
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.
___________________________________
Debra
R. Hinsvark
Director
of Finance
Approved
as to form and legality:
___________________________________
Nicole
Rowlette
Assistant City Attorney