ORDINANCE NO. 930099

Reestimating and appropriating a net $56,132.00 from the Tax Increment Financing Special Allocation Account for the repayment of expenses associated with the following Tax Increment Financing Projects, designating requisitioning authority and recognizing an emergency.

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the revenue estimates in the following accounts of the Tax Increment Financing Special Allocation Fund are hereby reduced by the following amounts:

515-012-5036 Real Estate Tax Increment - City $ 617,296.00 West 46th Street Terrace

515-012-5037 Real Estate Tax Increment - City 322,244.00 Walnut Creek

515-012-5038 Real Estate Tax Increment - City 6,404.00 Linwood-Gillham

515-012-5039 Real Estate Tax Increment - City 376.00 10th and Troost

TOTAL $ 946,320.00

Section 2. That the revenue in the following accounts of the Tax Increment Financing Special Allocation Fund are hereby reestimated in the following amounts:

515-012-5044 Real Estate Tax Increment - County $ 637,834.00 West 46th Street Terrace

515-012-5047 Real Estate Tax Increment - County 322,244.00 Walnut Creek

515-012-5073 Real Estate Tax Increment - County 8,071.00 Linwood-Gillham

515-012-5041 Real Estate Tax Increment - County 590.00 10th and Troost

515-012-6000 Interest on Investments 33,713.00 TOTAL $1,002,452.00

Section 3. That the sum of $56,132.00 is hereby appropriated from the Unappropriated Fund Balance of the Tax Increment Financing Special Allocation Fund to the following accounts in the Tax Increment Financing Special Allocation Fund:

515-012-2500-B TIF Project Cost $ 43,532.00 West 46th Street Terrace

515-012-2501-B TIF Project Cost 1,667.00 Linwood-Gillham

515-012-2503-B TIF Project Cost 214.00 10th and Troost

515-012-2502-B TIF Project Cost 10,719.00 Walnut Creek

TOTAL $ 56,132.00

Section 4. That the Director of Finance is hereby designated as the requisitioning authority for Account Nos. 515-012-2500; 515-012-2501; 515-012-2503; and 515-012-2502.

Section 5. That this ordinance, making provisions for the current expenses of municipal government, is recognized as an emergency measure within the provisions of Section 15, Article II and is effective immediately upon passage.

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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.

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Director of Finance

Approved as to form and legality:

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Assistant City Attorney