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Legislation #: 120332 Introduction Date: 4/5/2012
Type: Ordinance Effective Date: none
Sponsor: COUNCILMEMBER FORD
Title: 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.

Legislation History
DateMinutesDescription
4/4/2012 Filed by the Clerk's office
4/5/2012 Referred to Planning, Zoning & Economic Development Committee
4/11/2012 Do Pass as a Committee Substitute
4/12/2012 Assigned Third Read Calendar as Substituted
4/19/2012 Passed as Substituted

View Attachments
FileTypeSizeDescription
120332.pdf Authenticated 805K Authenticated
EDC City Contract FYs 2012-2013 Final.docx Contracts 67K contract
120332 Fact Sheet.xls Fact Sheet 85K fact Sheet

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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