ORDINANCE NO. 010647

Authorizing execution of a $1,336,733.00 contract with the Economic Development Corporation of Kansas City, Missouri, the Land Clearance for Redevelopment Authority of Kansas City, Missouri, the Port Authority of Kansas City, Missouri, and the Tax Increment Financing Commission of Kansas City, Missouri, for the purpose of providing funds for certain development and redevelopment services and directing the City Clerk to file the documents with the appropriate offices.

WHEREAS, the Mayor and Council desire that the Economic Development Corporation of Kansas City, Missouri, support and coordinate the activities of and provide professional staff for all of the economic development and redevelopment agencies, including the Land Clearance for Redevelopment Authority of Kansas City, Missouri, the Port Authority of Kansas City, Missouri, and the Tax Increment Financing Commission of Kansas City, Missouri; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the Director of the Department of City Development is hereby authorized to execute, on behalf of the City, a contract with the Economic Development Corporation of Kansas City, Missouri, the Land Clearance for Redevelopment Authority of Kansas City, Missouri, the Port Authority of Kansas City, Missouri, and the Tax Increment Financing Commission of Kansas City, Missouri, in an amount not to exceed $1,336,733.00, for the purpose of providing funds for certain development and redevelopment services to be paid from funds previously appropriated to Account Nos. 02-100-064-2000-B, Economic Development Corporation ($1,036,733.00) and 02-261-064-2000-B, Economic Development Corporation ($300,000.00). A copy of the contract, in substantial form, is attached hereto and is hereby approved.

Section 2. That the City Clerk is hereby directed to file a copy of this ordinance, together with a copy of the contract in the office of the Secretary of State of Missouri and in the office of the Department of Records of Jackson County, Missouri.

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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