ORDINANCE NO. 970691
Estimating revenue in Account No. 98-309-070-8150 in the
amount of $697,000.00; appropriating the sum of $697,000.00 from the
Unappropriated Fund Balance of the Capital Improvements Fund to the Shoal Creek
Parkway Development account; and designating requisitioning authority.
WHEREAS, the Tax Increment Finance Commission has
established a Tax Increment Financing Plan for Shoal Creek Parkway and adjacent
development; and
WHEREAS, revenues for this plan have been projected
for the period 1994-2025; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That the revenue in the following
account of the Capital Improvements Fund is hereby estimated in the following
amount:
98-309-070-8150 Shoal Creek Parkway Tax
Increment Financing $697,000.00 Plan I-435 to N.W. 96th
St.
Section 2. That the sum of $697,000.00 is hereby
appropriated from the Unappropriated Fund Balance of the Capital Improvements
Fund to the following account in the Capital Improvements Fund:
98-309-070-7160 Shoal Creek Parkway
Development $697,000.00
Section 3. That the Board of Parks and Recreation
Commissioners is hereby designated as requisitioning authority for Account No.
98-309-070-7160.
_____________________________________________
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.
___________________________________
Director of Finance
Approved as to form and
legality:
___________________________________
Assistant City Attorney