COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 960088

Reducing appropriations in certain accounts; appropriating $93,000.00 from the Unappropriated Fund Balance of the Community Development Fund to the Transfer to General Fund and 12th Street Heritage accounts; reestimating revenue; appropriating $125,512.00 to the 18th and Vine Project; authorizing a fifth amendment to an agreement with the 18th and Vine Authority for operation of the 18th and Vine Project; designating requisitioning authority; and authorizing expenditure of funds in connection with the Project.

WHEREAS, by Ordinance No. 931426 the Council authorized the creation of the 18th and Vine Authority ("Authority") for construction, management and operation of the 18th and Vine Project on behalf of the Council and directed the Director of City Development to enter into an agreement with the Authority; and

WHEREAS, the expenditure of additional funds by the Authority for operation of the Project on behalf of the City is necessary; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the appropriations in the following accounts of the General Fund are hereby reduced by the following amounts:

96-100-057-2210-B Municipal Correctional Institution $22,000.00 96-100-064-2021-B River Market Relocation 29,512.00 Total $51,512.00

Section 2. That the appropriation in the following account of the Community Development Fund is hereby reduced by the following amount:

96-264-055-2401-B Debt Service/HUD $93,000.00

Section 3. That the sum of $93,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Community Development Fund to the following accounts in the Community Development Fund:

96-264-012-9001-B Transfer to General Fund $74,000.00 96-264-055-2240-B 12th Street Heritage 19,000.00

Section 4. That the revenue in the General Fund is hereby reestimated in the following additional amount:

96-100-064-9271 Transfer from Community Development Fund $74,000.00

Section 5. That the sum of $125,512.00 is hereby appropriated from the Unappropriated Fund Balance of the General Fund to the following account in the General Fund:

96-100-064-2003-B 18th and Vine Project Operations $125,512.00

Section 6. That the Director of Finance is hereby authorized to transfer $74,000.00 to the General Fund from the Community Development Fund.

Section 7. That the Director of City Development, on behalf of the City, is authorized to enter into a fifth amended agreement with the 18th and Vine Authority in an additional amount of $125,512.00 for a total contract amount of $1,389,912.00 for construction, management and operation of the 18th and Vine Project. The amended agreement is approved in substantial form and attached hereto.

Section 8. That the Director of City Development is hereby designated as the requisitioning authority for Account No. 96-100-064-2003-B.

Section 9. That the Director of City Development is authorized to expend $125,512.00 from funds appropriated to Account No. 96-100-064-2003-B for the amended agreement.

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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.

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Director of Finance

Approved as to form and legality:

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Assistant City Attorney