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Legislation #: 120849 Introduction Date: 9/27/2012
Type: Ordinance Effective Date: 10/21/2012
Sponsor: None
Title: Accepting supplemental funding from the U.S. Environmental Protection Agency to increase capitalization of the Kansas City Brownfield Revolving Loan Fund; estimating revenue and appropriating it in the amount of $1,609,348.00 in the Brownfield Revolving Loan Fund; and authorizing the Director of City Development to enter into an amended cooperative agreement with the U.S. Environmental Protection Agency.

Legislation History
DateMinutesDescription
9/27/2012 Filed by the Clerk's office
9/27/2012 Referred to Planning, Zoning & Economic Development Committee
10/3/2012 Hold On Agenda (10/10/2012)
10/10/2012 Advance and Do Pass, Debate
10/11/2012 Passed

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120849 Fact Sheet.docx Fact Sheet 27K Fact Sheet
120849 Fiscal Note.xls Fiscal Note 51K Fiscal Note

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ORDINANCE NO. 120849

 

Accepting supplemental funding from the U.S. Environmental Protection Agency to increase capitalization of the Kansas City Brownfield Revolving Loan Fund; estimating revenue and appropriating it in the amount of $1,609,348.00 in the Brownfield Revolving Loan Fund; and authorizing the Director of City Development to enter into an amended cooperative agreement with the U.S. Environmental Protection Agency.

 

WHEREAS, the City accepted a Brownfields Cleanup Revolving Loan Fund (“Brownfield RLF”) grant in 2000 from the U.S. Environmental Protection Agency (“EPA”) in the amount of $500,000.00 as authorized by Ordinance No. 001210; and 

 

WHEREAS, the City in 2007 accepted supplemental funding from the EPA in the amount of $500,000.00 to increase capitalization of the Kansas City Brownfields Revolving Loan Fund as authorized by Ordinance No. 070894; and

 

WHEREAS, the City in 2010 accepted additional supplemental funding from the EPA in the amount of $600,000.00 and American Revitalization and Recovery Act funding in the amount of $560,000.00 to increase capitalization of the Kansas City Brownfields Revolving Loan Fund as authorized by Ordinance No. 100138; and

 

WHEREAS, the Brownfield RLF grant is an important source of low-interest, partially-forgivable loan capital that can be used to finance the cleanup of abandoned and underutilized properties to help create jobs and new economic opportunities for economically distressed communities in Kansas City; and 

 

WHEREAS, the EPA has offered the City additional supplemental funding in the amount of $83,081.00 to increase capitalization of the Kansas City Brownfields Revolving Loan Fund through an amendment of EPA Cooperative Agreement No. BF-97700901; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Director of the Department of City Development is authorized to accept supplemental Brownfield RLF funding from the EPA in the amount of $83,081.00 and to enter into an amendment of EPA Cooperative Agreement No. BF-97700901 to enable the use of those supplemental funds. 

 

Section 2. That revenue in the following account of the Brownfield Revolving Loan Fund is estimated in the following amount:

 

13-2550-640001-476722-G64BRLF Brownfield Revolving

Loan $1,609,348.00

 


Section 3. That the sum of $1,609,348.00 is appropriated from the Unappropriated Fund Balance of the Revolving Loan Fund to the following accounts:

 

13-2550-645020-B- G64BRLF Brownfield Revolving Loan

Fund Grant $1,609,348.00

 

_____________________________________________

 

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:

 

 

________________________________

Matthew Gigliotti

Assistant City Attorney