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Legislation #: 140358 Introduction Date: 5/1/2014
Type: Ordinance Effective Date: none
Sponsor: COUNCILMEMBER JAMES, JR.
Title: Authorizing execution of a contract in an amount not to exceed $1,030,000.00 with the Economic Development Corporation of Kansas City, Missouri, for the purpose of providing funds for certain development and redevelopment activities, the implementation of AdvanceKC, and the establishment of an International Business Development Initiative.

Legislation History
DateMinutesDescription
5/2/2014 Filed by the Clerk's office
5/1/2014 Referred to Planning, Zoning & Economic Development Committee
5/7/2014 Hold On Agenda (5/14/2014)
5/14/2014 Advance and Do Pass as a Committee Substitute, Debate
5/15/2014 Passed as Substituted

View Attachments
FileTypeSizeDescription
140358.pdf Authenticated 185K Authenticated
EDC-KCMO Contract FY 2014-15_ 051514.docx Contracts 80K EDC Annual Contract 2014-2015
140358 Fact Sheet.pdf Fact Sheet 103K Fact Sheet

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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 140358

Authorizing execution of a contract in an amount not to exceed $1,030,000.00 with the Economic Development Corporation of Kansas City, Missouri, for the purpose of providing funds for certain development and redevelopment activities, the implementation of AdvanceKC, and the establishment of an International Business Development Initiative.

WHEREAS, on behalf of the City, the Economic Development Corporation of Kansas City, Missouri (“EDC”) engages in comprehensive business retention and recruitment efforts and proactive redevelopment efforts designed to attract businesses and jobs to Kansas City, to retain its existing business and employment base, and to enhance economic productivity of real property within the City; and

WHEREAS, the Mayor and Council desire that EDC support and coordinate the activities of and provide professional staff for all of the economic development and redevelopment agencies operating on behalf of the City; and

WHEREAS, the City and EDC acknowledge that each of the Economic Development Agencies are part of the City’s overall economic development efforts and contemplate that EDC will enter into agreements with each of the Economic Development Agencies specifying the level of support and services to be provided by EDC; and

WHEREAS, EDC supports the adoption and implementation of AdvanceKC, which will serve as a guide for long-term economic development investments and the targeted use of incentives; and

WHEREAS, the City desires to reestablish an International Business Development Initiative to work with: (1) allied agencies within the Kansas City area and State of Missouri to advance international business development issues; (2) existing Kansas City, Missouri businesses to explore export opportunities for their businesses; (3) allied agencies to bring foreign direct investment (“FDI”) to Kansas City, Missouri; (4) partners involved in the EB-5 Program to bring investment opportunities to Kansas City, Missouri; and (5) the Mayor’s Office to assist and coordinate international visitor protocol activities; and

WHEREAS, commencing with the start date of this contract all project revenues and project fees of the Economic Development Agencies will be recognized as revenues of the City and utilized to fund all operations and services of the EDC; and

WHEREAS, the FY 2013-2014 Budget provides $1,030,000.00 in funding for comprehensive economic development services provided by EDC; and

WHEREAS, this funding includes $910,000.00 for EDC’s business development and redevelopment services, and an additional $120,000.00 specifically earmarked for use by EDC in hiring and conducting the work of the Coordinator of International Business Development Initiatives, including program related expenses; and

WHEREAS, the EDC’s annual budget for International Business Development Initiatives (IBDI) shall be approved by the Mayor’s Office prior to reimbursement of any IBDI expenses, including salaries, benefits, and program related expenses; and

WHEREAS, upon the request of EDC, once the International Business Development Initiative has been established, and at the discretion of the Mayor’s Office, the City may provide additional funding to support programmatic activities of EDC’s Coordinator of International Business Development Initiatives, subject to approval on a case-by-case basis; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the Director of City Development is hereby authorized to execute a contract with the Economic Development Corporation of Kansas City, Missouri, in a total amount not to exceed $1,030,000.00 from funds appropriated as follows:

City Planning and Development 15-1000-642000-619080 $660,000.00
Aviation 15-8300-621030-619080 $250,000.00
Mayor’s Office 15-2360-012013-619080 $120,000.00

A copy of the contract, in substantial form, is attached hereto and is hereby approved.

_____________________________________________

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:

  

 

___________________________________

Brian T. Rabineau

Assistant City Attorney