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Legislation #: 090447 Introduction Date: 5/21/2009
Type: Ordinance Effective Date: 7/26/2009
Sponsor: COUNCILMEMBER RILEY
Title: 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.

Legislation History
DateMinutesDescription
5/21/2009 Filed by the Clerk's office
5/21/2009 Referred to Planning and Zoning Committee
5/27/2009 Hold On Agenda (6/3/2009)
6/3/2009 Hold On Agenda (6/10/2009)
6/10/2009 Hold On Agenda (6/17/2009)
6/17/2009 Do Pass as a Committee Substitute
6/18/2009 Assigned Third Read Calendar as Substituted
6/25/2009 Councilmember Riley Move To Re-refer
6/25/2009 Referred to Planning and Zoning Committee
7/8/2009 Hold On Agenda (7/15/2009)
7/15/2009 Advance and Do Pass as a Committee Substitute, Debate
7/16/2009 Passed as Substituted

View Attachments
FileTypeSizeDescription
090447.pdf Authenticated 59K AUTHENTICATED
Ord No 090447_General Fact Sheet.pdf Fact Sheet 85K General Fact Sheet

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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