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Legislation #: 160269 Introduction Date: 4/7/2016
Type: Ordinance Effective Date: none
Sponsor: COUNCILMEMBER WAGNER
Title: Authorizing execution of a contract in an amount not to exceed $3,960,000.00 with the Economic Development Corporation of Kansas City, Missouri, for the purpose of providing funds for certain development and redevelopment activities.

Legislation History
DateMinutesDescription
4/7/2016 Filed by the Clerk's office
4/7/2016 Referred to Planning, Zoning & Economic Development Committee
4/13/2016 Hold On Agenda (4/20/2016)
4/20/2016 Hold On Agenda (4/27/2016)
4/27/2016 Advance and Do Pass as a Committee Substitute, Debate
4/28/2016 Passed as Substituted

View Attachments
FileTypeSizeDescription
160269.pdf Authenticated 298K 160269
160269 Fact Sheet.pdf Fact Sheet 103K 160269 Fact Sheet
160269 Fiscal Note.pdf Fiscal Note 16K Fiscal Note
EDC Contract - (4-25-16).docx Advertise Notice 70K EDC Contract

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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 160269

 

Authorizing execution of a contract in an amount not to exceed $3,960,000.00 with the Economic Development Corporation of Kansas City, Missouri, for the purpose of providing funds for certain development and redevelopment activities.

 

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, as appropriate, with each of the Economic Development Agencies specifying the level of support and services to be provided by EDC; and

 

WHEREAS, the EDC will also assume responsibility for administration of the Chapter 100 program in furtherance of the City's efforts to centralize administration of incentive programs within a single organization as envisioned by AdvanceKC; and


WHEREAS, the FY 2016-2017 Budget provides $3,960,000.00 in funding for comprehensive economic development services provided by EDC; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the City Manager is hereby authorized to execute a contract with the Economic Development Corporation of Kansas City, Missouri, in substantial form to that attached hereto, in a total amount not to exceed $3,960,000 from funds appropriated as follows:

 

17-2215-101701-B Economic Development Corporation $3,710,000.00
17-8300-621030-B Aviation   250,000.00

TOTAL $3,960,000.00

 

_____________________________________________

 


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.

  

 

___________________________________

Randall J. Landes

Director of Finance

 

Approved as to form and legality:

  

 

___________________________________

Brian T. Rabineau

Assistant City Attorney