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Legislation #: 100582 Introduction Date: 7/15/2010
Type: Ordinance Effective Date: 8/14/2010
Sponsor: COUNCILMEMBER GOTTSTEIN
Title: Appropriating $300,000.00 from the General Fund to provide for the disbursement of certain surplus funds from the 43rd and Main TIF Plan for demolition projects within the Union Hill TIF Plan.

Legislation History
DateMinutesDescription
7/15/2010 Filed by the Clerk's office
7/15/2010 Referred to Finance and Audit Committee
7/21/2010 Hold On Agenda (8/4/2010)
8/4/2010 Advance and Do Pass, Debate
8/5/2010 Passed

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100582.pdf Authenticated 66K AUTHENTICATED
http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=100582 Video Link 0K http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=100582
Union_Hill_demo.xlsx Fiscal Note 28K Union Hill - Fiscal Note
Union_Hill_demo-budget.xlsx Other 26K Union Hill - Budget
GOFS Union Hill_Fact Sheet.xlsx Fact Sheet 39K Fact Sheet

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ORDINANCE NO. 100582

 

Appropriating $300,000.00 from the General Fund to provide for the disbursement of certain surplus funds from the 43rd and Main TIF Plan for demolition projects within the Union Hill TIF Plan.

WHEREAS, the City has terminated the 43rd and Main Street Tax Increment Financing Plan and proposed the disbursement of surplus funds to all participating taxing jurisdictions; and

WHEREAS, the City received $790,602.62 as surplus economic activity taxes from 43rd and Main Street Tax Increment Funds of which $636,241.92 was deposited into the General Fund of the City; and

WHEREAS, the City and the County have been discussing the resolution of certain issues created by the approval of Project N for the Union Hill Tax Increment Financing Plan; and

WHEREAS, the City’s use of these surplus dollars are in line with the City’s one-time revenue policy; and

WHEREAS, the distribution of the 43rd and Main Street surplus funds will allow the County and the City to resolve the issues; NOW, THEREFORE,  

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

  Section 1. That the following appropriation in the General Fund is hereby reduced by the following amount:

11-1000-129064-618520 TIF Reserve $300,000.00

Section 2. That $300,000.00 is appropriated from the Unappropriated Fund Balance of the General Fund to the following account:

11-1000-572340-B-611080 Dangerous Building Demolition $300,000.00

____________________________________________________


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:

 

 

______________________________

Heather Brown

Assistant City Attorney