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 6th Street and Admiral
Boulevard to the north, Cherry Street on the West, 11th 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 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 8th 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.
___________________________________________________
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.
___________________________________
Wanda Gunter
Acting Director of Finance
Approved as to form and legality:
___________________________________
Heather
A. Brown
Assistant City Attorney