COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 980377

Authorizing execution of an Implementation Agreement, in the amount of $1,155,000.00, with the Housing and Economic Development Financial Corporation and the Housing Authority of Kansas City, Missouri, for acquisition of property and development of housing for public housing purposes subject to appropriation of funds.

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the Director of the Department of Housing and Community Development is hereby authorized to execute an Implementation Agreement with the Housing and Economic Development Financial Corporation and the Housing Authority of Kansas City, Missouri, in the amount of $1,155,000.00, for the purpose of providing funds for acquisition of property and development of housing for public housing purposes consistent with the Guinotte Manor Cooperative Agreement, authorized pursuant to passage of Ordinance No. 970603 on May 8, 1997, subject to appropriation of funds. A copy of the Implementation Agreement, in substantial form, is attached hereto and is hereby approved.

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Approved as to form and legality:

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Assistant City Attorney