ORDINANCE NO. 190562

Estimating revenue and appropriating funds in the HOME Investment Partnerships Program Fund in the amount of $500,000.00; authorizing the Director of Neighborhoods and Housing Services to enter into contracts, financing agreements, and loan documents up to $500,000.00 from funds in the HOME Investment Partnerships Program Fund to provide partial funding to support an affordable rental housing project; estimating revenue and appropriating funds in the Community Development Block Grant Fund in the amount of $130,000.00; and authorizing the Director of Neighborhoods and Housing Services to enter into a contract for $280,000.00 from funds in the Community Development Block Grant Program Fund for a microenterprise assistance public facility improvement.

WHEREAS, on April 21, 2016, through Committee Substitute for Ordinance No. 160289, the Council approved funding activities for the 2016 One-Year Action Plan which included $130,000.00 of Community Development Block Grant (CDBG) funds for a Hispanic Economic Development Corporation of Greater Kansas City public facility project; and

WHEREAS, the Hispanic Economic Development Corporation of Greater Kansas City is expanding its economic development services through the construction of the Center for Urban Enterprise, a microenterprise incubator and accelerator and CDBG funds are necessary for the construction of the facility; and

WHEREAS, on March 29, 2018, through Resolution No. 180025, the Council approved the 2018 One-Year Action Plan which included $500,000.00 of HOME Investment Partnerships Program (HOME) funds for the Linwood Gardens housing development; and

WHEREAS, Linwood Gardens Apartments project was awarded 2017 federal 9% low income housing tax credits for 32 units of affordable rental housing through the Missouri Housing Development Commission and City HOME funds are necessary in order for the project to move forward; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. Estimating revenue in the amount of $500,000.00 in the HOME Investment Partnerships Program in the following account:

20-2940-570001-476050-G57HOME18 Grant Revenues $500,000.00

Section 2. Appropriating funds from the Unappropriated Fund Balance to the HOME Investment Partnerships Program to the following account:

20-2940-575326-B-G57HOME18 Housing Services $500,000.00

Section 3. That the Director of Neighborhoods and Housing Services is hereby authorized to expend up to $500,000.00 from funds appropriated to the HOME Investment Partnerships Program in Account No. 2940-575326-B-G57HOME18 to enter into a contract, financing agreements and loan documents with the following business entity, copies of which, in substantial form, are on file in the office of the Director of Neighborhoods and Housing Services and are incorporated herein by reference:

Linwood Gardens, LP $500,000.00

Section 4. Estimating revenue in the amount of $130,000.00 in the Community Development Block Grant Fund in the following account:

20-2600-570001-477150-G57CDBG16 Grant Revenues $130,000.00

Section 5. Appropriating funds from the Unappropriated Fund Balance of the Community Development Block Grant Fund:

20-2600-575324-B-G57CDBG16 Public Facilities $130,000.00

Section 6. Authorizing the Director of Neighborhoods and Housing Services to enter into a contract with Hispanic Economic Development Corporation of Greater Kansas City for $280,000.00 for a microenterprise public facility improvement from funds appropriated in the following accounts:

20-2600-575324-B-G57CDBG16 $130,000.00

20-2600-575324-B-G57CDBG18 $150,000.00

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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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Randall J. Landes

Director of Finance

Approved as to form and legality:

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Nicole Rowlette

Assistant City Attorney