ORDINANCE NO. 961181
Authorizing execution of a Cooperative Agreement with the
Tax Increment Financing Commission of Kansas City, Missouri, for funds for
improvements associated with the Midtown Marketplace Project and directing the
City Clerk to file certain documents with the appropriate offices.
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That the Director of the Department of
City Development is hereby authorized to execute a Cooperative Agreement with
the Tax Increment Financing Commission of Kansas City, Missouri, for funds for
the Midtown Marketplace, in the amount of $675,000.00, to be paid from funds
previously appropriated to Account No. 97-309-064-6211. A copy of said Cooperative
Agreement, in substantial form, is attached hereto and is hereby approved.
Section 2. That the City Clerk is hereby directed
to file copies of this ordinance, together with the Cooperative Agreement
attached hereto, in the office of the Secretary of State of Missouri and in the
office of the Director of Records of Jackson County, Missouri.
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.
Director of Finance
Approved as to form and
Assistant City Attorney