COMMITTEE SUBSTITUTE
FOR ORDINANCE NO. 090447
Reducing appropriations in the
General Fund in the amount of $400,000.00; estimating $110,000.00 in revenue
from the New Market Tax Credits CDE; appropriating $510,000.00 to various
accounts in the General Fund to pay for development finance services.
BE IT ORDAINED
BY THE COUNCIL OF KANSAS CITY:
Section 1. That
the following appropriation in the General Fund is reduced by the following
amount:
10-1000-121462-619080 Economic
Development Corporation $300,000.00
Section 2. That
the appropriation in the following account of the General Fund is reduced in
the following amount:
10-1000-179990-B Contingent
Appropriation $100,000.00
Section 3.
That the revenue in the following account of the General Fund is estimated in
the following amount:
10-1000-120000-481000 Miscellaneous
Contribution NMTC CDE $110,000.00
Section 4. That
the sum of $510,000.00 is appropriated from the Unappropriated Fund Balance of
the General Fund to the following accounts in the General Fund:
10-1000-121460-A Development
Finance $454,195.00
10-1000-121460-B Development
Finance 52,605.00
10-1000-121460-C Development
Finance 3,200.00
TOTAL $510,000.00
_____________________________________________
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.
___________________________________
Jeffrey
A. Yates
Director
of Finance
Approved
as to form and legality:
___________________________________
Heather
A. Brown
Assistant City Attorney