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Last Published: 8/31/2010 9:32:28 AM
KANSAS CITY COUNCIL RECORD
 
Upon Roll Call the following members were present:
Present:4 - DEB HERMANN, JAN MARCASON, SHARON SANDERS BROOKS, BETH GOTTSTEIN
Excused:1 - JOHN SHARP
 

100128
Authorizing the issuance of General Obligation Bonds of the City of Kansas City, Missouri, in an aggregate principal amount not to exceed $46,000,000.00; prescribing the form and details of said Bonds; providing for the levy and collection of an annual tax for the purpose of paying the principal of and interest on said Bonds as they become due; and authorizing certain other documents and actions in connection therewith.


FINANCE AND AUDIT COMMITTEE recommends "ADVANCE AND DO PASS, DEBATE"
Tammy Queen, Acting City Treasurer, stated that the ordinance would allow the City to take advantage of the Recovery Zone Bonds, which are part of the 2009 Stimulus Recovery Act package, being handled through the State of Missouri. A portion of the bonds would be applied to the Public Safety Radio System, which had been approved in 2009. There was a list of projects that would be prioritized and submitted to the State for the remainder of the bond issuance. Randy Landes, Acting Director of Finance and CFO for the City explained that there were two types of recovery zone bonds that were being issued as part of the Recovery Act of 2009. The deadline for submission is July 1, 2010. (One was Recovery Zone bonds and the other was Build America Bonds.) There was also a brief discussion on MBE/WBE/DBE classifications and participation in the process of qualifying for the bonds. Councilwoman Hermann asked that staff come back after the budget had been approved and make a presentation on how the MBE/WBE/DBE process had been improved and implemented. Councilwoman Gottstein applauded the efforts of staff from Finance, Human Relations and the Law Department on getting this process up and running. Mr. Landes stated that various entities would submit their information to the State. The State of Missouri and the entity would work together on the issuance. The City would not have a part in the process whatsoever.
Ayes: 4 - Hermann, Marcason, Sanders Brooks, Gottstein
Nays: 0

100136
Accepting the recommendations of the Tax Increment Financing Commission and approving the Twelfth Amendment to the 22nd & Main Tax Increment Financing Plan.


FINANCE AND AUDIT COMMITTEE recommends "DO PASS"
Bob Long, TIF Commission, stated that this ordinance was basically a housekeeping measure. The ten year window for the original project had expired although there had been work done on the project. The ordinance being introduced would change the legal description so that it would be comparable with what the project looked like today. The changes done to the project would not increase the cost of the project for the City.
Ayes: 4 - Hermann, Marcason, Sanders Brooks, Gottstein
Nays: 0

100065
Amending Chapter 38, Code of Ordinances, by amending Section 38-100.5 to authorize the establishment of a processing fee for MBE and WBE certifications.


FINANCE AND AUDIT COMMITTEE recommends "HOLD OFF AGENDA"
This item was held off the agenda.
 
 The Monthly Financial Report for December, 2009 will be presented. Gary Morris, Finance Department, made the monthly report before the committee. He highlighted various areas of the report that reflected the activity or lack thereof for the currect fiscal year. The overall picture of the finances for the City showed that most revenue sources were down. While the revenues were down, they weren't down as much as that shown for the prior month. Councilwoman Hermann asked for information on spending by department. There may be general discussion(s) on current Finance and Audit Committee issues. Pursuant to the following subsections of Section 610.021 of the Revised Statutes of Missouri, there may be a closed session to discuss: (1) legal matters, litigation, or privileged communications with attorneys, pursuant to subsection 1; (2) real estate, pursuant to subsection 2; (3) personnel, pursuant to subsection 3 and 13; and/or (4) sealed bids or proposals, pursuant to subsection 12.