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Legislation #: 000354 Introduction Date: 3/23/2000
Type: Ordinance Effective Date: 4/16/2000
Sponsor: None
Title: Authorizing execution of a $3,861,000.00 Tax Credit and Contributions Agreement with the Missouri Development Finance Board and Starlight Theatre Association of Kansas City, Inc., which provides for the acceptance of private contributions for improvements to Starlight Theatre; estimating revenue in the amount of $63,677.00 in the Capital Improvements Fund; appropriating it to the Starlight Theatre account of the Capital Improvements Fund; designating requisitioning authority; and authorizing the Director of Parks and Recreation to expend the money in accordance with the agreement.

Legislation History
DateMinutesDescription
3/23/2000

Prepare to Introduce

3/23/2000

Referred Neighborhood Development Committee

3/29/2000

Do Pass

3/30/2000

Assigned to Third Read Calendar

4/6/2000

Passed


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ORDINANCE NO. 000354

 

Authorizing execution of a $3,861,000.00 Tax Credit and Contributions Agreement with the Missouri Development Finance Board and Starlight Theatre Association of Kansas City, Inc., which provides for the acceptance of private contributions for improvements to Starlight Theatre; estimating revenue in the amount of $63,677.00 in the Capital Improvements Fund; appropriating it to the Starlight Theatre account of the Capital Improvements Fund; designating requisitioning authority; and authorizing the Director of Parks and Recreation to expend the money in accordance with the agreement.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That, subject to the concurrence of the Board of Parks and Recreation Commissioners, the Board of Parks and Recreation Commissioners, through its President, is authorized to execute, on behalf of the City, a Tax Credit and Contributions Agreement with the Missouri Development Finance Board and the Starlight Theatre Association of Kansas City, Inc., which provides for the acceptance of private contributions for improvements to Starlight Theatre in the amount of $3,861,000.00.

 

Section 2. That the revenue in the following account of the Capital Improvements Fund is hereby reestimated in the following additional amount:

 

00-309-070-8155 Starlight Theatre-Contributions $63,677.00

 

Section 3. That the sum of $63,677.00 is appropriated from the Unappropriated Fund Balance of the Capital Improvements Fund to the following account in the Capital Improvements Fund:

 

00-309-070-7501-T Starlight Theatre $63,677.00

 

Section 4. That the Director of the Parks and Recreation Department is hereby designated as requisitioning authority for Account No. 00-309-070-7501.

 

Section 5. That the Director of Parks and Recreation Department is authorized to approve disbursements from Account No. 00-309-070-7501 in accordance with the Tax Credit and Contributions Agreement authorized by this ordinance.

 

________________________________________________________

 


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