COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 050046

Authorizing execution of a $125,000.00 Cooperative Agreement with the Planned Industrial Expansion Authority of Kansas City, Missouri, for the purpose of providing funds for streetscape improvements in connection with the Blackstone Redevelopment located generally at the intersection of 8th Street and Cherry Street.

WHEREAS, Pursuant to Ordinance No. 040180, the City Council declared the area bounded by 6^th Street and Admiral Boulevard to the north, Cherry Street on the West, 11^th Street on the south, and the Interstate 70 (I-70) right-of-way on the east (the Area) to be a blighted, insanitary or undeveloped industrial area and its redevelopment necessary;

WHEREAS, the City desires to assist in the redevelopment of the Area by providing assistance for the construction of public improvements associated with the construction of streetscape improvements within the Area; and

WHEREAS, the City Council has allocated the sum of $125,000.00 from the Citys Capital Improvement Program for the construction of streetscape improvements associated with the redevelopment of the Area; and

WHEREAS, the PIEA has the authority to undertake and carry out industrial development programs in the Area; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the Director of the Department of City Development is hereby authorized to execute a Cooperative Agreement, on behalf of the City, with the Planned Industrial Expansion Authority of Kansas City, Missouri, in an amount not to exceed $125,000.00, for the purpose of providing funds for streetscape in connection with the Blackstone Redevelopment located generally at the intersection of 8^th Street and Cherry to be paid from funds previously appropriated to Account No. 05-3090-646003-B. A copy of the Cooperative Agreement, in substantial form, is attached hereto and is hereby approved.

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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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Wanda Gunter

Acting Director of Finance

Approved as to form and legality:

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Heather A. Brown

Assistant City Attorney