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Legislation #: 031297 Introduction Date: 11/20/2003
Type: Ordinance Effective Date: 12/5/2003
Sponsor: COUNCILMEMBER MCFADDEN-WEAVER
Title: Estimating revenue in the amount of $4,620,239.95 in the Community Development Block Grant Fund - 28th Year; appropriating it to the Debt Service - HUD account of the Community development Block Grant Fund - 28th Year; authorizing the Director of Housing and Community Development to expend $4,620,239.95 to repay the Westside Business Park Section 108 Loan outstanding balance; accepting revenue in the amount of $1,055,000.00 in the HUD-Discretionary Grant Fund; and recognizing an emergency.

Legislation History
DateMinutesDescription
11/20/2003

Waive Charter Requirements City Council

11/20/2003

Referred Neighborhood Development and Housing Committee

11/24/2003

Advance and Do Pass

11/25/2003

Passed


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ORDINANCE NO. 031297

 

Estimating revenue in the amount of $4,620,239.95 in the Community Development Block Grant Fund - 28th Year; appropriating it to the Debt Service - HUD account of the Community development Block Grant Fund - 28th Year; authorizing the Director of Housing and Community Development to expend $4,620,239.95 to repay the Westside Business Park Section 108 Loan outstanding balance; accepting revenue in the amount of $1,055,000.00 in the HUD-Discretionary Grant Fund; and recognizing an emergency.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the revenue in the following account of the Community Development Block Grant Fund 28th Year is hereby estimated in the following amount:

 

04-264-055-5817 Loan Repayment Account $4,620,239.95

 

Section 2. That the sum of $4,620,239.95 is hereby appropriated from the Unappropriated Fund Balance of the Community Development Block Grant Fund 28th Year to the following account in the Community Development Block Grant Fund 28th Year:

 

04-264-055-2401-B Debt Service HUD $4,620,239.95

 

Section 3. That the Director of Housing and Community Development is hereby authorized to spend $4,620,239.95 in Account No. 04-264-055-2401-B, Debt Service-HUD, in order to repay the Westside Business Park Section 108 Loan outstanding balance.

 

Section 4. That revenue in the following account of the HUD-Discretionary Grant Fund is hereby accepted in the amount of $1,055,000.00 from the Housing and Economic Development Financial Corporation:

 

96-254-055-7723 Econ Dev Initiative HUD Loan $1,055,000.00

 

Section 5. That this ordinance, being a general appropriation ordinance, is recognized as an emergency measure within the provisions of Section 15, Article II, of the Charter of Kansas City, and shall take effect in accordance with Section 15.

 

_____________________________________________

 

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:

 

 

___________________________________

Nelson V. MuZoz

Assistant City Attorney