ORDINANCE NO. 040435

Reducing an appropriation in the amount of $89,384.00 in the Capital Improvements Fund; appropriating it to the Vine Street District account of the Capital Improvements Fund; authorizing the City Manager to execute a first amendment to a Cooperative Agreement with the Housing and Economic Development Finance Corporation, of Kansas City, Missouri, in the amount of $589,384.00 for the following projects: Beacon Hill Infrastructure and Vine Street District Infrastructure; designating requisitioning authority; directing the City Clerk to file certain documents with the appropriate offices; and declaring an emergency.

WHEREAS, the City is desirous of completing infrastructure work associated with the Vine Street Place housing development project; and

WHEREAS, given the current over commitment of funds from CDBG sources, the City is desirous of identifying alternative funding sources to complete the project; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the appropriation in the following account of the Capital Improvements Fund is hereby reduced by the following amount for the purpose for streetscape improvements for the Vine Street District, generally located along Vine Street from the KCTR tracks to 24th Street.

04-309-089-6300-T Special Projects-CD3 $ 89,384.00

Section 2. That the sum of $89,384.00 is hereby appropriated from the Unappropriated Fund Balance of the Capital Improvements Fund to the following account in the Capital Improvements Fund for the purpose of completing public improvements associated within the Vine Street Place housing development.

04-309-055-6700-T Vine Street District $ 89,384.00

Section 3. That the City Manager, on behalf of the City, is hereby authorized to execute a first amendment to a Cooperative Agreement, Contract No. 2002-139, with the Housing and Economic Development Finance Corporation. A copy of said First Amendment to Cooperative Agreement No. 2002-139, in substantial form, is attached hereto and is hereby approved in an amount not to exceed $589,384.00 from funds previously allocated to the following accounts:

04-309-055-7307-T Beacon Hill Infrastructure $500,000.00

04-309-055-6700-T Vine Street District 89,384.00

TOTAL $589,384.00

Section 4. That $184,330.37 previously encumbered for the Vine Street Streetscape instead be allocated for public infrastructure improvements generally located from 20th to 22nd Street and

Brooklyn, from funds previously encumbered in Account No. 03-309-055-6700-T.

Section 5. That the City Manager is hereby designated as requisitioning authority for Account Nos. 04-309-055-6300 and 04-309-055-7307.

Section 6. That the City Clerk is hereby directed to file a copy of the first Amendment to Cooperative Agreement No. 2002-139, together with a copy of this ordinance, in the office of the Department of Records of Jackson County, Missouri, and to file a copy with the Secretary of State of Missouri.

Section 7. This ordinance, making provision for the current expenses of the municipal government, is recognized as an emergency measure within the provisions of Section 15, Article II of the Charter of Kansas City, and shall take effect in accordance with that section.

_____________________________________________

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:

___________________________________

Nelson V. Muňoz

Assistant City Attorney