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Legislation #: 190292 Introduction Date: 4/11/2019
Type: Ordinance Effective Date: none
Sponsor: None
Title: Authorizing execution of a contract with the Economic Development Corporation of Kansas City, Missouri, in an amount not to exceed $4,152,500.00 for the purpose of providing funds for certain development and redevelopment activities.

Legislation History
DateMinutesDescription
4/11/2019 Filed by the Clerk's office
4/11/2019 Referred to Planning, Zoning & Economic Development Committee
4/17/2019 Do Pass
4/18/2019 Assigned to Third Read Calendar
4/25/2019 Passed

View Attachments
FileTypeSizeDescription
190292.pdf Authenticated 76K Authenticated
190292 EDC contract ppt.pptx Other 2018K Presentation
fact sheet.docx Fact Sheet 24K fact sheet
contract.docx Agreement 78K contract

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ORDINANCE NO. 190292

 

Authorizing execution of a contract with the Economic Development Corporation of Kansas City, Missouri, in an amount not to exceed $4,152,500.00 for the purpose of providing funds for certain development and redevelopment activities.

 

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, as appropriate, 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 objectives to be achieved are best achieved through a long-term commitment to the same; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the City Manager or designee is hereby authorized to execute a contract with the Economic Development Corporation of Kansas City, Missouri for the purposes contemplated herein, and to execute such amendments from time to time as he may deem advisable and are consistent with the objectives of this ordinance.

Section 2. That the compensation due the Economic Development Corporation of Kansas City, Missouri, in any given fiscal year shall be determined on an annual basis and shall be subject to the limitations of such appropriations as are made by the City Council for such purposes within the City’s adopted budget.

Section 3. That the City Manager is hereby authorized to execute a contract with the Economic Development Corporation of Kansas City, Missouri, in substantial form to


 

that attached hereto, in a total amount not to exceed $4,152,500.00 from funds appropriated as follows:

20-2215-101701-B

Economic Development Corporation

$3,952,500.00

20-8300-621030-B

Aviation

200,000.00

TOTAL

$4,152,500.00

_____________________________________________

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:

________________________________

Galen P. Beaufort

Senior Associate City Attorney