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Legislation #: 031393 Introduction Date: 12/18/2003
Type: Ordinance Effective Date: none
Sponsor: None
Title: Estimating revenue in the amount of $2,000,000.00 in connection with the tax credit agreement with the Missouri Development Finance Board for the Salvation Army project; appropriating it to the project account; and designating requisitioning authority.

Legislation History
DateMinutesDescription
12/18/2003

Prepare to Introduce

12/18/2003

Referred Planning, Zoning & Economic Development Committee

1/7/2004

Hold Off Agenda

7/14/2004

Released


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ORDINANCE NO. 031393

 

Estimating revenue in the amount of $2,000,000.00 in connection with the tax credit agreement with the Missouri Development Finance Board for the Salvation Army project; appropriating it to the project account; and designating requisitioning authority.

 

WHEREAS, the Council passed Ordinance No. 030916 which authorized execution of a tax credit agreement with the Missouri Development Finance Board and the Salvation Army, and provides for the acceptance of private contributions for capital improvements, construction of a new facility and renovation efforts by the Salvation Army at 1310 East 10th Street in the amount of $2,000,000.00; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the revenue in the following account of the General Fund is estimated in the following amount:

 

04-100-064-8044 MDFB Tax Credits $2,000,000.00

 

Section 2. That the sum of $2,000,000.00 is appropriated from the Unappropriated Fund Balance of the General Fund to the following account of the General Fund:

 

04-100-064-7328-T MDFB New Salvation Army Distribution $2,000,000.00

Center

 

Section 3. That the Director of City Development is designated requisitioning authority for Account No. 04-100-064-7328.

 

Section 4. That the Director of City Development is authorized to approve disbursements from Account No. 04-100-064-7328 in accordance with the tax credit agreement authorized by Ordinance No. 030916.

_______________________________________________

 

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.

 

___________________________________

Kevin Riper

Director of Finance

 

Approved as to form and legality:

 

_________________________________

Heather A. Brown

Assistant City Attorney