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Legislation #: 910557 Introduction Date: 5/9/1991
Type: Ordinance Effective Date: 6/2/1991
Sponsor: None
Title: Authorizing a contract amendment with the Housing Development Corporation and Information Center, Inc., increasing the contract amount by $2,000,000.00 for a total of $4,638,000.00 for additional land assembly and second mortgage loan funds.

Legislation History
DateMinutesDescription
5/9/1991

Prepare to Introduce

5/9/1991

Referred Finance Committee

5/15/1991

Do Pass

5/16/1991

Assigned to Third Read Calendar

5/23/1991

Passed


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ORDINANCE NO. 910557

 

Authorizing a contract amendment with the Housing Development Corporation and Information Center, Inc., increasing the contract amount by $2,000,000.00 for a total of $4,638,000.00 for additional land assembly and second mortgage loan funds.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Director of Housing and Community Development is hereby authorized to execute a contract amendment with the Housing Development Corporation and Information Center, Inc., increasing the contract amount by $2,000,000.00 for a total of $4,638,000.00 for the purpose of providing additional funds for land assembly and second mortgage loans for new single family homes constructed under the Residential New Construction Program from funds previously appropriated to Account No. 707-65446 B, Second Mortgage Loan Fund. A copy of the contract in substantial form is attached hereto and made a part hereof.

 

_____________________________________________

 

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.

 

 

___________________________________

Director of Finance

 

 

Approved as to form and legality:

 

 

 

___________________________________

Assistant City Attorney