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Legislation #: 050411 Introduction Date: 4/7/2005
Type: Ordinance Effective Date: none
Sponsor: None
Title: Making adjustments to certain TIF and Super TIF economic incentive accounts by reducing appropriations in the amount of $300,000.00 in the KCATA Sales Tax Fund accounts; allocating appropriations in the amount of $235,500.00 in the Local Use Tax, Public Mass Transportation and Fire Sales Tax Funds; reducing and reallocating appropriations in the Convention _ Tourism, Public Safety Sales Tax and Capital Improvements Fund accounts; estimating additional County PILOT revenues of $4,100,000.00; estimating and allocating corresponding revenues in the TIF Special Allocation Fund and in various Super-TIF Funds.

Legislation History
DateMinutesDescription
4/6/2005 Filed by the Clerk's office
4/7/2005 Referred to Finance Committee
4/13/2005 Advance and Do Pass as a Committee Substitute, Debate
4/14/2005 Passed as Substituted

View Attachments
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050411.pdf Authenticated 354K Authenticated
Fiscal Note(2).xls Fiscal Note 28K Fiscal Note
Fact Sheet.xls Fact Sheet 73K Fact Sheet

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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 050411

 

Making adjustments to certain TIF and Super TIF economic incentive accounts by reducing appropriations in the amount of $300,000.00 in the KCATA Sales Tax Fund accounts; allocating appropriations in the amount of $235,500.00 in the Local Use Tax, Public Mass Transportation and Fire Sales Tax Funds; reducing and reallocating appropriations in the Convention & Tourism, Public Safety Sales Tax and Capital Improvements Fund accounts; estimating additional County PILOT revenues of $4,100,000.00; estimating and allocating corresponding revenues in the TIF Special Allocation Fund and in various Super-TIF Funds.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the appropriation in the following account of the KCATA Sales Tax Fund, No. 2290, is hereby reduced by the following amount:

 

05-2290-129998-905150 Tfr to TIF Special Allocation Fund $ 300,000.00

 

Section 2. That the sum of $150,000.00 is hereby estimated in the following additional amount in the following account of the Public Mass Transportation Fund, No. 2080:

 

05-2080-120000-451100 Sales Tax $ 150,000.00

 

Section 3. That the sum of $150,000.00 is hereby appropriated in the Public Mass Transportation Fund, No. 2080, to the following account in the Public Mass Transportation Fund:

 

05-2080-129998-905150 Tfr to TIF Special Allocation Fund $ 150,000.00

 

Section 4. That the sum of $75,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Fire Sales Tax Fund, No. 2300, to the following account in the Fire Sales Tax Fund:

 

05-2300-129998-905150 Tfr to TIF Special Allocation Fund $ 75,000.00

 

Section 5. That the appropriation in the following account of the Public Safety Sales Tax Fund, No. 2320, is hereby reduced by the following amount:

 

05-2320-129064-610120 Reserve for TIF/STIF $ 75,000.00

 

Section 6. That the sum of $75,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Public Safety Sales Tax Fund, No. 2320, to the following account in the Public Safety Sales Tax Fund:

 

05-2320-129998-905150 Tfr to TIF Special Allocation Fund $ 75,000.00


Section 7. That the appropriation in the following account of the Convention and Tourism Fund, No. 2360, is hereby reduced by the following amount:

 

05-2360-129919-905280 Tfr to Savoy STIF Fund-CTRO $ 108,000.00

 

Section 8. That the sum of $108,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Convention & Tourism Fund, No. 2360, to the following account in the Convention & Tourism Fund:

 

05-2360-129918-905150 Tfr to TIF Special Allocation Fund $ 108,000.00

 

Section 9. That the appropriation in the following account of the Capital Improvements Fund, No. 3090, is hereby reduced by the following amount:

 

05-3090-129064-610120 Reserve for TIF/STIF $ 470,000.00

 

Section 10. That the sum of $470,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Capital Improvements Fund, No. 3090, to the following account in the Capital Improvements Fund:

 

05-3090-129998-905150 Tfr to Special Allocation Fund $ 470,000.00

 

Section 11. That the revenue in the following account of the TIF Special Allocation Fund, No. 5150, is hereby reduced by the following amount:

 

05-5150-120000-502290 Tfr from KCATA Sales Tax $ 300,000.00

 

Section 12. That revenues in the following accounts of the TIF Special Allocation Fund, No. 5150, are hereby reestimated in the following additional amounts:

 

05-5150-120000-450940 PILOTs - County $4,100,000.00

05-5150-120000-502080 Tfr from Public Mass Transit 150,000.00

05-5150-120000-502300 Tfr from Fire Sales Tax 75,000.00

05-5150-120000-502320 Tfr from Public Safety Sales Tax 75,000.00

05-5150-129918-502360 Tfr from Convention & Tourism-CTFO 108,000.00

05-5150-120000-503090 Tfr from Capital Improvements Sales Tax 470,000.00

TOTAL $4,978,000.00

 

Section 13. That the sum of $4,678,000.00 is hereby appropriated from the Unappropriated Fund Balance of the TIF Special Allocation Fund, No. 5150, to the following accounts in the TIF Special Allocation Fund:

 

05-5150-122505-618520 TIF Prj Cost Universal $ 355,000.00

05-5150-122506-618520 TIF Prj Cost 11th St Corr 11,000.00

05-5150-122507-618520 TIF Prj Cost Briarcliff West 463,000.00

05-5150-122512-618520 TIF Prj Cost Santa Fe 5,000.00

05-5150-122514-618520 TIF Prj Cost Searcy Creek 99,000.00

05-5150-122515-618520 TIF Prj Cost Southtown 887,000.00

05-5150-122517-618520 TIF Prj Cost Civic Mall 57,000.00

05-5150-122519-618520 TIF Prj Cost Shoal Creek 2,082,000.00

05-5150-122521-618520 TIF Prj Cost Summit 118,000.00

05-5150-122524-618520 TIF Prj Cost 13th&Washington 4,000.00

05-5150-122540-618520 TIF Prj Cost River Market 21,000.00

05-5150-122543-618520 TIF Prj Cost Parvin Road 285,000.00

05-5150-122546-618520 TIF Prj Cost Judicial Square 1,000.00

05-5150-122548-618520 TIF Prj Cost Three Trails 7,000.00

05-5150-129998-905160 Tfr to STIF Americana 7,000.00

05-5150-129998-905170 Tfr to STIF 12th & Wyandotte 149,000.00

05-5150-129998-905230 Tfr to Equip Debt Service (Chouteau Bond

Fees) 1,000.00

05-5150-129998-905270 Tfr to STIF Hotel Phillips 16,000.00

05-5150-129998-905290 Tfr to STIF Union Hill 98,000.00

05-5150-129998-905310 Tfr to STIF Tower-909 Walnut 12,000.00 $4,678,000.00

TOTAL $4,678,000.00

 

Section 14. That the appropriation in the following account of the General Fund, No. 1000, is hereby reduced by the following amount:

 

05-1000-129910-905170 Tfr to 12th&Wyandotte STIF Fund-Earnings $ 9,000.00

 

Section 15. That the sum of $9,000.00 is hereby appropriated from the Unappropriated Fund Balance of the General Fund, No. 1000, to the following accounts in the General Fund:

 

05-1000-129910-905200 Tfr to Valentine STIF Fund-Earnings $ 1,000.00

05-1000-129912-905270 Tfr to Hotel Phillips STIF Fund-Utility

Tx-Elec 7,000.00

05-1000-129913-905290 Tfr to Union Hill STIF Fund-Utility

Tx-Gas 1,000.00

TOTAL $ 9,000.00

 

Section 16. That the sum of $2,500.00 is hereby appropriated from the Unappropriated Fund Balance of the Local Use Tax Fund, No. 2100, to the following accounts in the Local Use Tax Fund:

 

05-2100-129998-905160 Tfr to Americana STIF Fund $ 2,000.00

05-2100-129998-905190 Tfr to Uptown STIF Fund 500.00

TOTAL $ 2,500.00

 

Section 17. That the sum of $8,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Fire Sales Tax Fund, No. 2300, to the following accounts in the Fire Sales Tax Fund:

 

05-2300-129998-905190 Tfr to Uptown STIF Fund $ 6,500.00

05-2300-129999-905290 Tfr to Union Hill STIF Fund 1,500.00

TOTAL $ 8,000.00


Section 18. That the appropriation in the following account of the Public Safety Sales Tax Fund, No. 2320, is hereby reduced by the following amount:

 

05-2320-129064-610120 Reserve for TIF/STIF $ 8,000.00

 

Section 19. That the sum of $8,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Public Safety Sales Tax Fund, No. 2320, to the following accounts in the Public Safety Sales Tax Fund:

 

05-2320-129998-905190 Tfr to Uptown STIF Fund $ 6,500.00

05-2320-129999-905290 Tfr to Union Hill STIF Fund 1,500.00

TOTAL $ 8,000.00

 

Section 20. That appropriations in the following accounts of the Convention and Tourism Fund, No. 2360, are hereby reduced by the following amounts:

 

05-2360-129919-905270 Tfr to Hotel Phillips STIF Fund-CTRO $ 17,000.00

05-2360-129918-905280 Tfr to Savoy STIF Fund-CTFO 5,000.00

05-2360-129919-905280 Tfr to Savoy STIF Fund-CTRO 13,000.00

05-2360-129919-905290 Tfr to Union Hill STIF Fund-CTRO 21,000.00

TOTAL $ 56,000.00

 

Section 21. That the sum of $56,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Convention & Tourism Fund, No. 2360, to the following accounts in the Convention & Tourism Fund:

 

05-2360-129918-905170 Tfr to 12th&Wyandotte STIF Fund-CTFO $ 20,000.00

05-2360-129918-905180 Tfr to Midtown STIF Fund-CTFO 35,000.00

05-2360-129918-905190 Tfr to Uptown STIF Fund-CTFO 1,000.00

TOTAL $ 56,000.00

 

Section 22. That the appropriation in the following account of the Capital Improvements Fund, No. 3090, is hereby reduced by the following amount:

 

05-3090-129064-610120 Reserve for TIF/STIF $ 33,000.00

 

Section 23. That the sum of $33,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Capital Improvements Fund, No. 3090, to the following accounts in the Capital Improvements Fund:

 

05-3090-129998-905190 Tfr to Uptown STIF Fund $ 30,000.00

05-3090-129999-905290 Tfr to Union Hill STIF Fund 3,000.00 $ 33,000.00

TOTAL $ 33,000.00

 

Section 24. That revenues in the following accounts of the Americana Super TIF Fund, No. 5160, are hereby re-estimated in the following additional amounts:

 

05-5160-120000-502100 Tfr from Local Use Tax $ 2,000.00

05-5160-120000-505150 Tfr from TIF Special Allocation Fund 7,000.00

TOTAL $ 9,000.00

 

Section 25. That revenues in the following accounts of the 12th & Wyandotte Super TIF Fund, No. 5170, are hereby re-estimated in the following additional amounts:

 

05-5170-129918-502360 Tfr from Convention & Tourism Fund-

CTFO $ 20,000.00

05-5170-120000-505150 Tfr from TIF Special Allocation Fund 149,000.00

TOTAL $ 169,000.00

 

Section 26. That the revenue in the following account of the 12th & Wyandotte Super TIF Fund, No. 5170, is hereby reestimated in the following reduced amount:

 

05-5170-129910-501000 Tfr from General Fund-Earnings Tax $ 9,000.00

 

Section 27. That the revenue in the following account of the Midtown Super TIF Fund, No. 5180, is hereby reestimated in the following additional amount:

 

05-5180-129918-502360 Tfr from Convention & Tourism Fund-

CTFO $ 35,000.00

 

Section 28. That the revenue in the following account of the Uptown Super TIF Fund, No. 5190, is hereby reestimated in the following reduced amount:

 

05-5190-120000-505200 Tfr from Valentine Super TIF Fund $ 1,164.00

 

Section 29. That revenues in the following accounts of the Uptown Super TIF Fund, No. 5190, are hereby reestimated in the following additional amounts:

 

05-5190-129918-502360 Tfr from Convention & Tourism Fund-

CTFO $ 1,000.00

05-5190-120000-502100 Tfr from Local Use Tax 500.00

05-5190-120000-502300 Tfr from Fire Sales Tax 6,500.00

05-5190-120000-502320 Tfr from Public Safety Sales Tax 6,500.00

05-5190-120000-503090 Tfr from Capital Improvements Sales Tax 30,000.00

TOTAL $ 44,500.00

 

Section 30. That the revenue in the following account of the Valentine Super TIF Fund, No. 5200, is hereby re-estimated in the following additional amount:

 

05-5200-129910-501000 Tfr from General Fund-Earnings Tax $ 1,000.00

 

Section 31. That the sum of $1,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Valentine Super TIF Fund, No. 5200, to the following account in the Valentine Super TIF Fund:

 

05-5200-129998-905190 Tfr to Uptown Super TIF Fund $ 1,000.00

 

Section 32. That the revenue in the following account of the Equipment Lease Debt Service Fund, No. 5230, is hereby re-estimated in the following additional amount:

 

05-5230-120000-505150 Tfr from TIF Special Allocation Fund $ 1,000.00

 

Section 33. That revenues in the following accounts of the Hotel Phillips Super TIF Fund, No. 5270, are hereby reestimated in the following additional amounts:

 

05-5270-129912-501000 Tfr from General Fund-UtilityTx-Elec $ 7,000.00

05-5270-120000-505150 Tfr from TIF Special Allocation Fund $ 16,000.00

TOTAL $ 23,000.00

 

Section 34. That the revenue in the following accounts of the Hotel Phillips Super TIF Fund, No. 5270, is hereby reestimated in the following reduced amount:

 

05-5270-129919-502360 Tfr from Convention & Tourism Fund-

CTRO $ 17,000.00

 

Section 35. That the sum of $6,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Hotel Phillips Super TIF Fund, No. 5270, to the following account in the Hotel Phillips Super TIF Fund:

 

05-5270-122541-618520 Super TIF Project Costs Hotel Phillips $ 6,000.00

 

Section 36. That revenues in the following accounts of the Savoy Super TIF Fund, No. 5280, are hereby re-estimated in the following reduced amounts:

 

05-5280-129918-502360 Tfr from Convention & Tourism Fund-

CTFO $ 5,000.00

05-5280-129919-502360 Tfr from Convention & Tourism Fund-

CTRO 121,000.00

TOTAL $ 126,000.00

 

Section 37. That the appropriation in the following account of the Savoy Super TIF Fund, No. 5280, is hereby reduced by the following amount:

 

05-5280-122534-618520 Super TIF Project Costs Savoy Hotel $ 126,000.00

 

Section 38. That revenues in the following accounts of the Union Hill Super TIF Fund, No. 5290, are hereby re-estimated in the following additional amounts:

 

05-5290-129913-501000 Tfr from General Fund-UtilityTx-Gas $ 1,000.00

05-5290-120000-502300 Tfr from Fire Sales Tax 1,500.00

05-5290-120000-502320 Tfr from Public Safety Sales Tax 1,500.00

05-5290-120000-503090 Tfr from Capital Improvements Sales Tax 3,000.00

05-5290-120000-505150 Tfr from TIF Special Allocation Fund 98,000.00

TOTAL $ 105,000.00

 

Section 39. That the revenue in the following account of the Union Hill Super TIF Fund, No. 5290, is hereby reestimated in the following reduced amount:

 

05-5290-129919-502360 Tfr from Convention & Tourism Fund-

CTRO $ 21,000.00

 

Section 40. That the sum of $84,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Union Hill Super TIF Fund, No. 5290, to the following account in the Union Hill Super TIF Fund:

 

05-5290-122529-618520 Super TIF Project Costs Union Hill $ 84,000.00

 

Section 41. That the revenue in the following account of the Tower-909 Walnut Super TIF Fund, No. 5310, is hereby reestimated in the following additional amount:

 

05-5310-120000-505150 Tfr from TIF Special Allocation Fund $ 12,000.00

 

Section 42. That the sum of $12,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Tower-909 Walnut Super TIF Fund, No. 5310, to the following account in the Tower-909 Walnut Super TIF Fund:

 

05-5310-122525-618520 TIF/STIF Project Costs Tower Properties $ 12,000.00

_____________________________________________

 

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.

 

 

___________________________________

Wanda Gunter

Acting Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Heather A. Brown

Assistant City Attorney