COMMITTEE
SUBSTITUTE FOR ORDINANCE NO. 150256
Authorizing a cooperative
agreement for up to $1,285,000.00 with 51st and Oak, LLC, for the 51st &
Brookside Improvements project; approving recommendations of the Arterial
Street Impact Fee District H Committee; estimating and appropriating revenue in
the amount of $433,211.00 in the Arterial Street Impact Fee Fund; estimating
and appropriating revenue in the amount of $851,789.00 in the Capital
Improvement Fund; and recognizing this ordinance as having an accelerated
effective date.
WHEREAS, on
Tuesday, March 24, 2015, the Impact Fee District H Advisory Committee
recommended allocating $433,211.00 for intersection improvements at 51st and
Oak Street; NOW THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF
KANSAS CITY:
Section 1. That
the Director of City Development is authorized to execute a Cooperative
Agreement for up to $1,285,000.00 with 51st and Oak, LLC, for Project No.
64015005, 51st & Brookside Improvements. The agreement is approved in
substantial form as that on file in the office of the Director of City
Development.
Section 2. That
revenue is estimated in the sum of $433,211.00 in the following account of the Arterial
Street Impact Fee Fund:
15-2430-120000-462850 Plaza
Development Impact Fee $433,211.00
Section 3. That
the sum of $433,211.00 is appropriated from the Unappropriated Fund Balance of
the Arterial Street Impact Fee Fund to the following account in the Arterial
Street Impact Fee Fund:
15-2430-647420-B Plaza
Development Impact Fee $433,211.00
Section 4. That
revenue is estimated in the sum of $851,789.00 in the following account of the
Capital Improvements Fund:
15-3090-120000-451100 Sales
Tax $851,789.00
Section 5. That
the sum of $851,789.00 is appropriated from the Unappropriated Fund Balance of
the Capital Improvements Fund to the following account:
15-3090-648014-B 51st
and Brookside Improvements $851,789.00
Section 6. That
the Director of City Development is designated as requisitioning authority for
Account Nos. 15-2430-647420, and 15-3090-648014.
Section 7. That
this ordinance, which appropriates money, is recognized as an ordinance with an
accelerated effective date as provided by Section 503(a)(3)(C) of the City
Charter 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:
__________________________________
Katherine
Chandler
Assistant
City Attorney