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Legislation #: 070329 Introduction Date: 3/15/2007
Type: Ordinance Effective Date: none
Sponsor: COUNCILMEMBER HERMANN AND COUNCILMEMBER SKAGGS
Title: Approving a cooperative agreement between the Tax Increment Financing Commission of Kansas City, Missouri, and the City of Kansas City; estimating $4,400,000.00 in the Capital Improvements Fund; reducing $2,200,000.00 from the Public Safety Sales Tax and appropriating this sum to the Academy Roadway account in the First Council District; and designating requisitioning authority.

Legislation History
DateMinutesDescription
3/15/2007 Filed by the Clerk's office
3/15/2007 Referred to Finance and Audit Committee
3/21/2007 Advance and Do Pass, Debate
3/22/2007 Passed

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070329.pdf Authenticated 108K Authenticated

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ORDINANCE NO. 070329

 

Approving a cooperative agreement between the Tax Increment Financing Commission of Kansas City, Missouri, and the City of Kansas City; estimating $4,400,000.00 in the Capital Improvements Fund; reducing $2,200,000.00 from the Public Safety Sales Tax and appropriating this sum to the Academy Roadway account in the First Council District; and designating requisitioning authority.

WHEREAS, the Council expressed its support in Resolution No. 050924 for the development of a financing plan in an amount not to exceed $10,000,000.00 for the purpose of constructing and reconstructing Shoal Creek Parkway, Searcy Creek Parkway, and Pleasant Valley Road and all related infrastructure for the purpose of facilitating the construction of the Kansas City Police Academy and directed the City Manager to develop a financing plan that allows the City to construct the necessary improvements to coincide with the construction of the academy; and

WHEREAS, the Council has determined that it would be prudent to address this safety need for infrastructure immediately by appropriating funds to address a portion of the infrastructure needs; and

WHEREAS, the financing plan that was developed includes the use of FY 2007-08 Capital Improvement Sales Tax allocations, FY 2006-07 Public Safety Sales Tax allocations, a contribution from the Water Services Department, and a contribution from the Shoal Creek Tax Increment Financing Project; and

WHEREAS, the Second Committee Substitute for Ordinance No. 060990 has already authorized $3.3 million of this project from the FY 2007-08 capital improvement sales tax; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That a Cooperative Agreement between the Tax Increment Financing Commission of Kansas City, Missouri, and the City of Kansas City regarding the repayment of the contribution from the Shoal Creek Tax Increment Financing is hereby approved.

Section 2. That revenue in the amount of $4,400,000.00 is hereby estimated in the following account of the Capital Improvements Fund:

07-3090-700000-481500 Contribution from Shoal Creek TIF $4,400,000.00

Section 3. That the sum of $4,400,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Capital Improvements Fund to the following account in the Capital Improvements Fund:

07-3090-708709-B Academy Roadways $4,400,000.00

Section 4. That the following account in the Public Safety Sales Tax is hereby reduced by the following amount: 

KCPDU-07-2320-217003-21CONV-B Shoal Creek Patrol Station $2,200,000.00

Section 5. That the following revenue account in the Public Safety Sales Tax is hereby reduced by the following amount: 

KCPDU-07-2320-210000-599900 Transfer from KCMBU $2,200,000.00

Section 6. That the following account in the Public Safety Sales Tax is hereby reduced by the following amount: 

 KCMBU-07-2320-129996-X Transfer to KCPDU $2,200,000.00

  Section 7. That the sum of $2,200,000.00 is appropriated from the Unappropriated Fund Balance of the Public Safety Sales Tax Fund to the following account in the Public Safety Sales Tax Fund:

07-2320-708709-B Academy Roadways $2,200,000.00

Section 8. That the Director of Parks and Recreation is hereby designated as requisitioning authority for Account Nos. 07-2320-708709 and 07-3090-708709.

_____________________________________________

 

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.

 

 

___________________________________

Debra R. Hinsvark

Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Heather A. Brown

Assistant City Attorney