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Legislation #: 200830 Introduction Date: 9/24/2020
Type: Ordinance Effective Date: none
Sponsor: None
Title: Accepting and approving a Central City Economic Development Funding Agreement with Linwood Property, Inc., for funding to support the development of 32 apartment units of affordable housing to be located at or near Linwood Boulevard and Bruce R. Watkins in Kansas City, Jackson County, Missouri in the amount of $1,150,000.00 from previously appropriated funds; and directing the City Manager to conduct a project audit.

Legislation History
DateMinutesDescription
9/23/2020 Filed by the Clerk's office
9/24/2020 Referred to Special Committee on Housing Policy
10/7/2020 Hold On Agenda (10/21/2020)
10/21/2020 Advance and Do Pass as a Committee Substitute, Debate
10/22/2020 Passed as Substituted

View Attachments
FileTypeSizeDescription
CCED Presentation HOUSING COMMITTEE 100720.pdf Other 967K Presentation
200830.pdf Authenticated 71K Authenticated Ordinance
200830 cs to org ord-com.docx Other 22K Colored Compared Version
CCED Linwood Gardens Fact Sheet 09142020 (2).pdf Fact Sheet 83K Fact Sheet
Fiscal Note - LINWOOD Property 09142020 (2).pdf Fiscal Note 73K Fiscal Note

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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 200830

 

Accepting and approving a Central City Economic Development Funding Agreement with Linwood Property, Inc., for funding to support the development of 32 apartment units of affordable housing to be located at or near Linwood Boulevard and Bruce R. Watkins in Kansas City, Jackson County, Missouri in the amount of $1,150,000.00 from previously appropriated funds; and directing the City Manager to conduct a project audit.

WHEREAS, on August 29, 2019, the City Council passed Second Committee Substitute for Resolution No. 190653, approving the recommendations of the Central City Economic Development Sales Tax Board to fund a proposal from Linwood Property, Inc., to support the development of 32 apartment units of affordable housing to be located at or near Linwood Boulevard and Bruce R. Watkins in Kansas City, Jackson County, Missouri in the amount of $1,150,000.00 (“the Project”); and

WHEREAS, Second Committee Substitute for Resolution No. 190653 also authorized the City Manager to enter into negotiations for a funding agreement with Linwood Property, Inc., for costs associated with the above-referenced Project in an amount not to exceed $1,150,000.00.00; and

 

WHEREAS, Ordinance No. 190642 appropriated $1,150,000.00 for the Project in Account No. 21-2200-575998-B, Central City Sales Tax-Projects; and

 

WHEREAS, negotiations for the above-referenced project are complete and the parties are ready to move forward with an executed Central City Economic Development Funding Agreement; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY THAT:

 

Section 1. That a Central City Economic Development Funding Agreement with Linwood Property, Inc., for funding to support the development of 32 apartment units of affordable housing to be located at or near Linwood Boulevard and Bruce R. Watkins in Kansas City, Jackson County, Missouri in the amount of $1,150,000.00 from funds previously appropriated in Account No. 21-2200-575998-B, Central City Sales Tax-projects, is hereby accepted and approved. A copy of the agreement is on file with the Neighborhoods and Housing Services Department.

 

Section 2. That the City Manager is hereby directed to conduct audits of the aforementioned project regarding services rendered and financial reporting of all project expenditures, including consulting fees.

 

_____________________________________________

 


 

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.

 

 

___________________________________

Tammy L. Queen

Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Joseph Guarino

Assistant City Attorney