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Legislation #: 150386 Introduction Date: 5/21/2015
Type: Ordinance Effective Date: none
Sponsor: None
Title: Authorizing execution of a contract in an amount not to exceed $1,320,000.00 with the Economic Development Corporation of Kansas City, Missouri, for the purpose of providing funds for certain development and redevelopment activities; the implementation of AdvanceKC; and the operations of an International Business Development Initiative.

Legislation History
DateMinutesDescription
5/19/2015 Filed by the Clerk's office
5/21/2015 Referred to Planning, Zoning & Economic Development Committee
5/27/2015 Advance and Do Pass, Debate
5/28/2015 Passed

View Attachments
FileTypeSizeDescription
150386.pdf Authenticated 172K Authenticated
EDC Contract - Ordinance Factsheet 5.21.15.pdf Fact Sheet 34K EDC Contract Fact Sheet
EDC-KCMO Contract FY 2015-2016 Revised..docx Contracts 77K EDC-KCMO Contract FY2015-16-Revised

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ORDINANCE NO. 150386

 

Authorizing execution of a contract in an amount not to exceed $1,320,000.00 with the Economic Development Corporation of Kansas City, Missouri, for the purpose of providing funds for certain development and redevelopment activities; the implementation of AdvanceKC; and the operations of an International Business Development Initiative.

WHEREAS, on behalf of the City, the Economic Development Corporation of Kansas City, Missouri (“EDC”) engages in comprehensive business retention and recruitment efforts and proactive redevelopment efforts designed to attract businesses and jobs to Kansas City, to retain its existing business and employment base, and to enhance economic productivity of real property within the City; and

WHEREAS, the Mayor and Council desire that EDC support and coordinate the activities of and provide professional staff for all of the economic development and redevelopment agencies operating on behalf of the City; and

WHEREAS, the City and EDC acknowledge that each of the Economic Development Agencies are part of the City’s overall economic development efforts and contemplate that EDC will enter into agreements with each of the Economic Development Agencies specifying the level of support and services to be provided by EDC; and

WHEREAS, EDC supports the adoption and implementation of AdvanceKC, which will serve as a guide for long-term economic development investments and the targeted use of incentives; and

WHEREAS, the City desires to engage the EDC to operate an International Business Development Initiative to work with: (1) allied agencies within the Kansas City area and State of Missouri to advance international business development issues; (2) existing Kansas City, Missouri businesses to explore export opportunities for their businesses; (3) allied agencies to bring foreign direct investment (“FDI”) to Kansas City, Missouri; (4) partners involved in the EB-5 Program to bring investment opportunities to Kansas City, Missouri; and (5) the Mayor’s Office to assist and coordinate international visitor protocol activities; and

WHEREAS, the FY 2015-2016 Budget provides $1,320,000.00 in funding for comprehensive economic development services provided by EDC; and

WHEREAS, this funding includes $1,000,000.00 for EDC’s business development and redevelopment services, $200,000.00 to be used by the EDC to secure membership in the Kansas City Area Development Council on behalf of the City, and an additional $120,000.00 specifically earmarked for use by EDC in operating an International Business Development Initiative; and

WHEREAS, upon the request of EDC, once the International Business Development Initiative has been established, and at the discretion of the Mayor’s Office, the City may provide up to $30,000.00 in additional funding to support programmatic activities of EDC’s Coordinator of International Business Development Initiatives; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the Director of City Development is hereby authorized to execute a contract with the Economic Development Corporation of Kansas City, Missouri, in a total amount not to exceed $1,320,000.00 from funds appropriated as follows:

 

16-2215-642000-B Economic Development $1,070,000.00
16-8300-621030-B Aviation 250,000.00

TOTAL $1,320,000.00

 

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.

  

 

___________________________________

Randall J. Landes

Director of Finance

 

Approved as to form and legality:

  

 

___________________________________

Brian T. Rabineau

Assistant City Attorney