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Legislation #: 950570 Introduction Date: 5/4/1995
Type: Ordinance Effective Date: none
Sponsor: None
Title: Authorizing execution of a $1,050,659.00 contract with Land Clearance for Redevelopment Authority of Kansas City, Missouri, for the purpose of providing funds for the payment of principal and interest due on Section 108 loans.

Legislation History
DateMinutesDescription
5/3/1995

Prepare to Introduce

5/4/1995

Referred Plans And Zoning Committee

5/10/1995

Hold On Agenda

5/17/1995

Advance and Do Pass

5/18/1995

Passed


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ORDINANCE NO. 950570

 

Authorizing execution of a $1,050,659.00 contract with Land Clearance for Redevelopment Authority of Kansas City, Missouri, for the purpose of providing funds for the payment of principal and interest due on Section 108 loans.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Director of the Department of Housing and Community Development is hereby authorized to execute a contract with the Land Clearance for Redevelopment Authority of Kansas City, Missouri, in the amount of $1,050,659.00, for the purpose of providing funds for the payment of principal and interest due on Section 108 loans to be paid from funds previously appropriated to Account No. 96-264-055-2401-B, 108 Repayment. A copy of the contract, 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.

 

 

___________________________________

Director of Finance

 

 

Approved as to form and legality:

 

 

 

___________________________________

Assistant City Attorney