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Last Published: 8/31/2010 9:36:08 AM
KANSAS CITY COUNCIL RECORD
 
Upon Roll Call the following members were present:
Present:4 - DEB HERMANN, JAN MARCASON, BETH GOTTSTEIN, JOHN SHARP
Out:1 - SHARON SANDERS BROOKS
 

100204
(Sub.)
Accepting the recommendations of the Tax Increment Financing Commission as to the Eighth Amendment to the Southtown Corridor/31st & Baltimore Tax Increment Financing Plan and approving the Eighth Amendment to the Southtown Corridor/31st & Baltimore Tax Increment Financing Plan.


FINANCE AND AUDIT COMMITTEE recommends "DO PASS AS A COMMITTEE SUBSTITUTE"
Jenna Wilkinson, EDC, talked about the amendment to the TIF plan. One project was being separated from the plan for development. Charles Miller of Lewis, Rice, Fingersh and attorney for the developer, talked about the project in more detail. The project known at Metro Plaza was being taken out of the plan as a stand alone project. HCA, who is the original developer for the 63rd St. corridor of the plan, gave rights for the development of the project. Mr. Miller indicated that this was a unique project because the projected revenue from the project will be channeled back into the project and not to HCA.
Ayes: 4 - Hermann, Marcason, Gottstein, Sharp
Nays: 0

100207
(Sub.)
Appropriating from the Unappropriated Fund balance of the Public Safety Sales Tax Fund; transferring Funds of $220,000.00 to Project No. 070A0162 - 1% for Art Fund – South Patrol Police Facility; authorizing the City Manager to expend up to $220,000.00 for the project; and designating requisitioning authority. BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:


FINANCE AND AUDIT COMMITTEE recommends "DO PASS AS A COMMITTEE SUBSTITUTE"
Eric Bosch, City Architects Office, explained that the 1% for Art would be used to incorporate a design into the new Metro Station police building structure instead of actually acquiring art pieces.
Ayes: 4 - Hermann, Marcason, Gottstein, Sharp
Nays: 0

100215
Approving the issuance by the City of Kansas City Missouri of its special obligation improvement and refunding bonds in more than one series, in the aggregate principal amount not to exceed $40,100,000.00; and approving and authorizing certain documents and actions relating to the issuance of the Bonds.


FINANCE AND AUDIT COMMITTEE recommends "ADVANCE AND DO PASS, DEBATE"
Tammy Queen, Acting City Treasurer, explained that this ordinance authorized the issuance of bonds and refunding bonds for various projects. Funds would be used for certain TIF obligations, pay debt service along with consolidating old bond series under one financial umbrella. It also calls for reimbursement to the City for a debt service payment made by the City.
Ayes: 4 - Hermann, Marcason, Gottstein, Sharp
Nays: 0

100216
(Sub.)
Adjusting appropriations in various bond funds of the City; estimating additional revenue in the Capital Improvements and Downtown Parking Garage Fund in the total amount of $203,460.32; authorizing the closure of the MIDB Loan-River Market Fund (No. 3250); and the MDFB Midtown Bond Fund (No. 3280).


FINANCE AND AUDIT COMMITTEE recommends "ADVANCE AND DO PASS AS A COMMITTEE SUBSTITUTE, DEBATE"
Mark Thoma-Perry, Acting Budget Officer, explained that this ordinance was a bond fund housekeeping measure. It closes several bond funds that are no longer needed and reappropriated the funds to other accounts.
Ayes: 4 - Hermann, Marcason, Gottstein, Sharp
Nays: 0

100217
Authorizing the execution and delivery of a financing agreement with the Tax Increment Financing Commission of Kansas City, Missouri, in connection with the Union Hill Tax Increment Financing Plan.


FINANCE AND AUDIT COMMITTEE recommends "DO PASS"
Dan Bagunu, Finance Department, and Bob Frye, Union Hill, explained that this ordinance would authorize an agreement with Union Hill to pay revenues to TIF Commission.
Ayes: 4 - Hermann, Marcason, Gottstein, Sharp
Nays: 0

100223
RESOLUTION - Directing the City Manager to take steps necessary to issue $25,000,000.00 of General Obligation Bonds for infrastructure in Fiscal Year 2011 for street reconstruction and municipal buildings.


FINANCE AND AUDIT COMMITTEE recommends "HOLD ON AGENDA (4/7/2010)"
 
 The Monthly Financial Report for January, 2010 will be presented. Gary Morris, Finance Department, gave the report for January 2010 to the committee. There were no overall revenue growth during the period. Introduction of the team conducting a peer review of the City Auditor's Office. Gary White, City Auditor, introduced the individuals who would be conducting the audit of the City Auditor's office. The question of who audits the auditors does come up. Mr. White explained that there is a governing body that uses a pool of auditors from across the country to choose from. A panel then approves the team chosen. The panel will be reviewing the operation of auditor's office and should have a report available in a few weeks. The auditors conducting the audit are: Trevor Williams, Office of Management and Compliance, Miami-Dade County Public Schools; Arnie Adams, City of Houston Office of the Controller's Audit Division; and Lynette Fridley, City Of Albuquerque Office of Internal Audit & Investigations. 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.