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Legislation #: 980606 Introduction Date: 5/21/1998
Type: Ordinance Effective Date: 6/21/1998
Sponsor: None
Title: Authorizing execution of a $1,622,350.00 Cooperative Agreement with the Economic Development Corporation of Kansas City, Missouri, the Land Clearance for Redevelopment Authority of Kansas City, Missouri, the Port Authority of Kansas City, Missouri, and the Tax Increment Financing Commission of Kansas City, Missouri, for the purpose of providing funds for certain development and redevelopment services; and directing the City Clerk to file certain documents with the appropriate offices.

Legislation History
DateMinutesDescription
5/21/1998

Prepare to Introduce

5/21/1998

Referred Planning, Zoning & Economic Development Committee

5/27/1998

Hold On Agenda

6/3/1998

Hold On Agenda

6/10/1998

Advance and Do Pass

6/11/1998

Passed


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ORDINANCE NO. 980606

 

Authorizing execution of a $1,622,350.00 Cooperative Agreement with the Economic Development Corporation of Kansas City, Missouri, the Land Clearance for Redevelopment Authority of Kansas City, Missouri, the Port Authority of Kansas City, Missouri, and the Tax Increment Financing Commission of Kansas City, Missouri, for the purpose of providing funds for certain development and redevelopment services; and directing the City Clerk to file certain documents with the appropriate offices.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Director of the Department of City Development is hereby authorized to execute a Cooperative Agreement, on behalf of the City, with the Economic Development Corporation of Kansas City, Missouri, the Land Clearance for Redevelopment Authority of Kansas City, Missouri, the Port Authority of Kansas City, Missouri, and the Tax Increment Financing Commission of Kansas City, Missouri, in the amount of $1,622,350.00, for the purpose of providing funds for certain development and redevelopment services to be paid from funds previously appropriated to Account Nos. 99-100-064-2000-B, Economic Development Corporation ($1,322,350.00) and 99-267-064-2000-B, Economic Development Corporation ($300,000.00). A copy of said Cooperative Agreement, in substantial form, is attached hereto and is hereby approved.

 

Section 2. That the City Clerk is hereby directed to file a copy of the Cooperative Agreement, together with a copy of this ordinance, in the office of the Secretary of the State of Missouri and in the Department of Records for Jackson County, Missouri.

 

________________________________________________________

 

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.

 

 

___________________________________

Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Assistant City Attorney