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.

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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.

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Randall J. Landes

Director of Finance

  Approved as to form and legality:

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Katherine Chandler

Assistant City Attorney