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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.
_______________________________________________________________
Approved
as to form and legality:
___________________________________
Assistant
City Attorney