COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 080614

Reducing the contingent appropriation in the amount of $450,000.00; appropriating $450,000.00 from the contingent appropriation for a contract amendment with the Economic Development Corporation of Kansas City (EDC); authorizing a $450,000.00 contract amendment with the EDC; and directing the City Manager to identify $450,000.00 in other funds to replenish the contingent appropriation; and recognizing an emergency.

WHEREAS, the EDC is a Missouri nonprofit corporation empowered to assist in the marketing, attraction, retention and expansion of existing business, and to attract and market new business to Kansas City, Missouri with an emphasis on the central city area; and

WHEREAS, the Council has appropriated $395,000.00 for the operations of the EDC in the current City budget; and

WHEREAS, the Council believes that the EDC requires $450,000.00 in additional funds to adequately perform the services required by the City and desires to make these funds available to the EDC at this time; and

WHEREAS, the Council desires that the City Manager identify $450,000.00 in funds, other than the General Fund or General Fund balance, to replenish the contingent appropriation; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the contingent appropriation is hereby reduced as follows:

09-1000-179990-B Contingent Appropriation $450,000.00

Section 2. That the sum of $450,000.00 is hereby appropriated from the Unappropriated Fund Balance of the General Fund to the following account:

09-1000-642000-B EDC $450,000.00

Section 3. That the Director of City Development is hereby authorized to execute, on behalf of the City, an amendment to the existing contract for this fiscal year with the Economic Development Corporation, in the amount of $450,000.000. The amendment is approved in substantial form as that on file with the Director of City Development.

Section 4. That the Council hereby directs the City Manager to identify $450,000.00 in funds, other than from the General Fund or General Fund balance, to replenish the contingent appropriation within 90 days of the passage of this ordinance.

Section 5. That this ordinance is recognized as an emergency measure within the meaning of Section 503(a)(3)(c) of the Charter and takes effect in accordance with that section.

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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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Wanda Gunter

Acting Director of Finance

Approved as to form and legality:

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Heather A. Brown

Assistant City Attorney