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Legislation #: 940661 Introduction Date: 6/2/1994
Type: Ordinance Effective Date: 6/26/1994
Sponsor: None
Title: Authorizing acceptance of a $2,379,000.00 HOME Investment Partnership Grant No. M-94-MC-29-0201; authorizing execution of the U.S. Department of Housing and Urban Development Funding Approval; estimating revenue in the HOME Investment Fund in the amount of $2,379,000.00; appropriating $2,379,000.00 from the Unappropriated Fund Balance of the HOME Investment Fund to various accounts within said Fund; designating requisitioning authority; and authorizing a $2,349,000.00 contract with the Rehabilitation Loan Corporation for the purpose of implementing the 1994 HOME Investment Partnership Program.

Legislation History
DateMinutesDescription
6/1/1994

Prepare to Introduce

6/2/1994

Referred Plans And Zoning Committee

6/8/1994

Do Pass

6/9/1994

Assigned to Third Read Calendar

6/16/1994

Passed


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ORDINANCE NO. 940661

 

Authorizing acceptance of a $2,379,000.00 HOME Investment Partnership Grant No. M-94-MC-29-0201; authorizing execution of the U.S. Department of Housing and Urban Development Funding Approval; estimating revenue in the HOME Investment Fund in the amount of $2,379,000.00; appropriating $2,379,000.00 from the Unappropriated Fund Balance of the HOME Investment Fund to various accounts within said Fund; designating requisitioning authority; and authorizing a $2,349,000.00 contract with the Rehabilitation Loan Corporation for the purpose of implementing the 1994 HOME Investment Partnership Program.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Mayor, on behalf of the City of Kansas City, is hereby authorized to accept HOME Investment Partnership Grant No. M-94-MC-29-0201, in the amount of $2,379,000.00, from the United States Department of Housing and Urban Development pursuant to Title II of the National Affordable Housing Act of 1991.

 

Section 2. That the Mayor is hereby authorized to execute the U.S. Department of Housing and Urban Development Funding Approval necessary to carry out the Grant identified in Section 1 above.

 

Section 3. That the revenue in the following account of the HOME Investment Fund is hereby estimated in the following amount:

 

95-294-055-7670 HOME Investment Grant-95 $2,379,000.00

 

Section 4. That the sum of $2,379,000.00 is hereby appropriated from the Unappropriated Fund Balance of the HOME Investment Fund to the following accounts in the HOME Investment Fund:

 

95-294-055-2134-A Rehabilitation Loan $ 30,000.00 Corporation-95

95-294-055-2134-B Rehabilitation Loan 2,349,000.00 Corporation-95

 

Section 5. That the Director of the Department of Housing and Community Development is hereby designated as requisitioning authority for Account No. 95-294-055-2134.

 

Section 6. That the Director of the Department of Housing and Community Development is hereby authorized to execute a contract with the Rehabilitation Loan Corporation, in the amount of $2,349,000.00, for the purpose of implementing the 1994 HOME Investment Partnership Program to be paid from funds herein appropriated to Account No. 95-294-055-2134-B, Rehabilitation Loan Corporation. A copy of the contract, in substantial form, is attached hereto and is hereby approved.

 

_____________________________________________

 

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.

 

 

___________________________________

Director of Finance

 

 

Approved as to form and legality:

 

 

 

___________________________________

Assistant City Attorney