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Legislation #: 170127 Introduction Date: 2/16/2017
Type: Ordinance Effective Date: none
Sponsor: None
Title: Estimating revenue and appropriating $1,050,000.00 in the HOME Investment Fund; amending the 2015 and 2016 One Year Action Plans and authorizing submittal of a Substantial Amendment to the U.S. Department of Housing and Urban development for consideration; and authorizing the Director of Neighborhoods and Housing Services to execute contracts, financing agreements, and loan documents from the HOME Investment Fund with various entities for construction of affordable multi-family and single family housing units.

Legislation History
DateMinutesDescription
2/15/2017 Filed by the Clerk's office
2/16/2017 Referred to Neighborhoods and Public Safety Committee
2/22/2017 Advance and Do Pass, Debate
2/23/2017 Passed

View Attachments
FileTypeSizeDescription
170127.pdf Authenticated 142K Authenticated
fact sheet.xlsx Fact Sheet 54K FACT SHEET
AA - HOME contracts and Approp Jan 2017.xls Other 43K Approp Admin
FN- HOME Jan 2017.xls Fiscal Note 50K Fiscal Note

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ORDINANCE NO. 170127

 

Estimating revenue and appropriating $1,050,000.00 in the HOME Investment Fund; amending the 2015 and 2016 One Year Action Plans and authorizing submittal of a Substantial Amendment to the U.S. Department of Housing and Urban development for consideration; and authorizing the Director of Neighborhoods and Housing Services to execute contracts, financing agreements, and loan documents from the HOME Investment Fund with various entities for construction of affordable multi-family and single family housing units.

WHEREAS, on March 17, 2016, through Resolution No. 160042, the Council approved the 2016 One-Year Action Plan which included Home Investments Partnerships Program (HOME) funds for housing development in targeted areas; and

WHEREAS, the Council is required to approve and authorize submission of substantial amendments to the 2016 One-Year Action Plan to the U.S. Department of Housing and Urban Development; and

WHEREAS, the Blenheim School Apartments Project was awarded 2017 State and Federal 9% low income housing tax credits through the Missouri Housing Development Commission and historic tax credits for conversion of the vacant school building located at 2411 E. 70th Terrace into 52 units of senior housing and City HOME funds are necessary in order for the project to move forward; and

WHEREAS, Pendleton ArtsBlock, a Choice Neighborhoods Project, was awarded 2017 State and Federal 9% low income housing tax credits through the Missouri Housing Development Commission for new construction of 38 units of affordable housing located at 2300 Independence Boulevard and City HOME funds are necessary in order for the project to move forward; and

WHEREAS, Century Apartments, a Choice Neighborhoods Project, was awarded 2017 State and Federal 4% low income housing tax credits through the Missouri Housing Development Commission for new construction of 22 units of affordable housing located at 804 Woodland Avenue and City HOME funds are necessary in order for the project to move forward; and

 

WHEREAS, the City continues to support new construction of infill homeowner units in the Monarch Manor Subdivision and the Ivanhoe Gateway at 39th Street Phase II Project and City HOME funds are necessary in order for three new single family homes and four new duplex structures, respectively, to move forward; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That revenue in the following account of the HOME Investment Fund is hereby estimated in the following amount:

 

17-2940-570001-476050-G57HOME16 HUD Grants $1,050,000.00

 

Section 2. That $1,050,000.00 is appropriated from the Unappropriated Fund Balance of the HOME Investment Fund to the following account in the HOME Investment Fund:

 

17-2940-575326-B-G57HOME16 Housing Services $1,050,000.00

Section 3. That the Substantial Amendment to the 2015 and 2016 One Year Action Plans prepared pursuant to the National Affordable Housing Act of 1990, as amended, a copy of which in substantial form is attached hereto, is hereby approved.

 

Section 4. That the Mayor, on behalf of the City of Kansas City, Missouri, is authorized to execute and submit the aforesaid Substantial Amendment to the U.S. Department of Housing and Urban Development.

Section 5. That the Director of Neighborhoods and Housing Services is hereby authorized to execute the following contracts, from funds in Account No. 17-2940-575326-B:

·         an $850,000.00 contract, financing agreement and loan documents with Blenheim School Apartments, LP;

·         a $300,000.00 contract, financing agreement and loan documents with Pendleton ArtsBlock, LLC;

 

·         a $300,000.00 contract, financing agreement and loan documents with Century Apartments, LLC;

 

·         a $300,000.00 contract, financing agreement and loan documents with Four Star Construction, LLC; and

 

·         a $217,642.00 amendment to Contract No. 2016-0034 to provide additional construction financing with Ivanhoe Neighborhood Council.

 

A copy of the contracts, in substantial form, are on file in the office of the Director of Neighborhoods and Housing Services and are 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