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Legislation #: 190356 Introduction Date: 5/2/2019
Type: Ordinance Effective Date: none
Sponsor: None
Title: Appropriating the amount of $275,455.59 from the Unappropriated Fund Balance to the Eagle Point Preserve account to complete the project which is part of the Shoal Creek Parkway TIF Plan; and recognizing this ordinance as having an accelerated effective date.

Legislation History
DateMinutesDescription
5/1/2019 Filed by the Clerk's office
5/2/2019 Referred to Transportation & Infrastructure Committee
5/9/2019 Advance and Do Pass as a Committee Substitute, Debate
5/9/2019 Passed as Substituted

View Attachments
FileTypeSizeDescription
1903562.pdf Authenticated 146K Authenticated 190356
190356 Compared Version.docx Compared Version 23K Compared Version
Fiscal Note-Star Development Eagle Point .pdf Fiscal Note 111K PW Fiscal Note
Fact Sheet- Star Development Eagle Point .pdf Fact Sheet 115K PW Fact Sheet
Appropriation-Star Development Eagle Point .pdf Other 73K PW Appropriation Worksheet

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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 190356

 

Appropriating the amount of $275,455.59 from the Unappropriated Fund Balance to the Eagle Point Preserve account to complete the project which is part of the Shoal Creek Parkway TIF Plan; and recognizing this ordinance as having an accelerated effective date.

WHEREAS, the Eagle Point Preserve project is part of the Shoal Creek Parkway Tax Increment Financing Plan and is located on Booth Avenue, north of Missouri Highway 152; and

WHEREAS, the City Council approved Ordinance No. 941443 accepting the recommendations of the TIF Commission, approved the Shoal Creek Parkway Tax Increment Financing Plan, and designated a redevelopment area; and

WHEREAS, the City Council, by its passage of a series of ordinances, has amended the Redevelopment Plan on numerous occasions since it was first approved; and

  WHEREAS, the developer, Star Acquisitions, Inc., agreed to contribute $275,455.59 for the purpose of construction of certain infrastructure improvements; and

  WHEREAS; the revenue was received in account No. 19-3090-895911-481900-89008572 and was not estimated before the close of Fiscal Year 2018-19; NOW, THEREFORE, 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That $275,455.59 is hereby appropriated from the Unappropriated Fund Balance to the following account:

 

20-3090-895911-B-89008572 Eagle Point Preserve $275,455.59

 

Section 2. That the Director of Public Works is hereby designated as requisitioning authority for Account No. 20-3090-895911.

 

Section 3. That this ordinance is recognized as an ordinance with an accelerated effective date as provided by Section 503(a)(3)(C) of the City Charter in that it appropriates money, and shall take effect in accordance with that section.

 

______________________________________________

 

 

 

 

 

 

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:

 

 

____________________________________

Dustin E. Johnson

Assistant City Attorney