COMMITTEE SUBSTITUTE
FOR ORDINANCE NO. 120332
Authorizing execution of a
contract in an amount not to exceed $900,000.00 with the Economic Development
Corporation of Kansas City, Missouri, for the purpose of providing funds for
certain development and redevelopment purposes.
WHEREAS, the Mayor
and Council desire that the Economic Development Corporation of Kansas City, Missouri,
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 FY 2012-2013
Budget provides $800,000.00 in funding for this contract activity plus an
additional $100,000.00 in the form of a challenge grant for business retention
and expansion subject to receipt of private sector matching funds; NOW,
THEREFORE,
BE IT ORDAINED BY THE
COUNCIL OF KANSAS CITY:
Section 1. That the
City Manager is hereby authorized to execute a contract, on behalf of the City,
with the Economic Development Corporation of Kansas City, Missouri, in a total
amount not to exceed $900,000.00 from funds appropriated to Account No.
13-1000-101700-B for the purpose of providing funds for certain development and
redevelopment purposes and business retention and expansion. A copy of the
contract, in substantial form, is attached hereto and is hereby approved.
_____________________________________________
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:
___________________________________
Cecilia
Abbott
Assistant
City Attorney