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Legislation #: 060335 Introduction Date: 3/23/2006
Type: Ordinance Effective Date: none
Sponsor: None
Title: Authorizing the Director of Finance to make adjustments to certain TIF, Super-TIF and other economic incentive accounts by transferring appropriations from the TIF reserve accounts of the Fire Sales Tax Fund, Public Safety Sales Tax Fund, and Capital Improvements Fund in the amount of $662,200.00; appropriating from the Unappropriated Fund Balances of the Public Mass Transportation Fund and the KCATA Fund in the total amount of $762,600.00; estimating and appropriating additional revenues in the amount of $4,840,000.00 the TIF Special Allocation Fund; adjusting inter-fund transfers amongst the Super TIF Funds; estimating additional revenues in the amount of $150,980.00 for the General, East Park, Health and Debt Service funds from Chapter 100 and RSMo 353 PILOTs; estimating revenues in the Neighborhood Improvement District Fund in the amount of $4,511,587.00; appropriating $1,014,714.00 from the Unappropriated Fund Balance of the Neighborhood Improvement District Fund; and appropriating $134,993.00 from the Unappropriated Fund Balance of the STIF-909 Walnut Fund.

Legislation History
DateMinutesDescription
3/23/2006 Filed by the Clerk's office
3/23/2006 Referred to Finance and Audit Committee
3/29/2006 Advance and Do Pass, Debate
3/30/2006 Passed

View Attachments
FileTypeSizeDescription
060335.pdf Authenticated 838K Authenticated
Ord 03-07-2006 (TIF-STIF) Fact Sheet(2).xls Fact Sheet 86K 2nd Revised Fact Sheet
R-2006-00299(TIF-STIF) Fact Sheet(2).xls Fact Sheet 83K Revised Fact Sheet
TIF Approp _ Admin.xls Other 355K Finance Worksheet
Budget Ord 3-7-2006 Fiscal Note.xls Fiscal Note 28K Fiscal Note
Ord 03-07-2006 (TIF-STIF) Fact Sheet.xls Fact Sheet 85K Fact sheet

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ORDINANCE NO. 060335

 

Authorizing the Director of Finance to make adjustments to certain TIF, Super-TIF and other economic incentive accounts by transferring appropriations from the TIF reserve accounts of the Fire Sales Tax Fund, Public Safety Sales Tax Fund, and Capital Improvements Fund in the amount of $662,200.00; appropriating from the Unappropriated Fund Balances of the Public Mass Transportation Fund and the KCATA Fund in the total amount of $762,600.00; estimating and appropriating additional revenues in the amount of $4,840,000.00 the TIF Special Allocation Fund; adjusting inter-fund transfers amongst the Super TIF Funds; estimating additional revenues in the amount of $150,980.00 for the General, East Park, Health and Debt Service funds from Chapter 100 and RSMo 353 PILOTs; estimating revenues in the Neighborhood Improvement District Fund in the amount of $4,511,587.00; appropriating $1,014,714.00 from the Unappropriated Fund Balance of the Neighborhood Improvement District Fund; and appropriating $134,993.00 from the Unappropriated Fund Balance of the STIF-909 Walnut Fund.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the appropriations in the following accounts of the General Fund, No. 1000, are hereby reduced by the following amounts:

 

06-1000-129998-X Tfr to Americana Hotel $ 20,000.00

06-1000-129998-X Tfr to 12th & Wyandotte 5,000.00

06-1000-129998-X Tfr to Valentine 8,000.00

06-1000-129998-X Tfr to Savoy Hotel 5,000.00

TOTAL $ 38,000.00

 

Section 2. That the sum of $38,000.00 is hereby appropriated from the Unappropriated Fund Balance of the General Fund, No. 1000, to the following accounts in the General Fund:

 

06-1000-129998-X Tfr to Midtown $ 23,000.00

06-1000-129998-X Tfr to 909 Walnut 15,000.00

TOTAL $ 38,000.00

 

Section 3. That the sum of $374,300.00 is hereby appropriated from the Unappropriated Fund Balance of the PMT Sales Tax, No. 2080, to the following accounts in the PMT Sales Tax:

 

06-2080-129998-X Tfr to Special Allocation $ 374,300.00


Section 4. That the appropriation in the following accounts of the KCATA Sales Tax, No. 2290 is hereby reduced by the following amounts:

 

06-2290-129998-X Tfr to STIF Hotel President-Sales Tax $ 44,000.00

06-2290-129998-X Tfr to STIF Savoy-Sales Tax 3,000.00

06-2290-129998-X Tfr to STIF Brush Creek-BPTC-Sales Tax 88,000.00

TOTAL $ 135,000.00

 

Section 5. That the sum of $523,300.00 is hereby appropriated from the Unappropriated Fund Balance of the KCATA Sales Tax, No. 2290 to the following accounts in the KCATA Sales Tax:

 

06-2290-129998-X Tfr to STIF Americana Hotel KCATA $ 6,500.00

06-2290-129998-X Tfr to STIF Midtown KCATA Sales Tax 143,000.00

06-2290-129998-X Tfr to STIF Uptown-KCATA Sales Tax 12,000.00

06-2290-129998-X Tfr to STIF Hotel Phillips-Sales Tax 41,000.00

06-2290-129998-X Tfr to STIF Union Hill-Sales Tax 4,100.00

06-2290-129998-X Tfr to STIF Tower 909-Sales Tax 1,500.00

06-2290-129998-X Tfr to TIF Special Allocation-KCATA 315,200.00

TOTAL $ 523,300.00

 

Section 6. That the appropriation in the following accounts of the Fire Sales Tax, No. 2300 is hereby reduced by the following amounts:

 

06-2300-129064-B TIF Reserve $ 122,300.00

06-2300-129998-X Tfr to STIF 12th & Wyandotte-Sales Tax 15,000.00

06-2300-129998-X Tfr to STIF Hotel President-Sales Tax 29,400.00

06-2300-129998-X Tfr to STIF Savoy-Sales Tax 2,000.00

06-2300-129998-X Tfr to STIF Brush Creek-BPTC-Sales Tax 58,000.00

TOTAL $ 226,700.00

 

Section 7. That the sum of $226,700.00 is hereby appropriated from the Unappropriated Fund Balance of the Fire Sales Tax, No. 2300 the following accounts in the Fire Sales Tax:

 

06-2300-129998-X Tfr to STIF Uptown Fire Sales Tax $ 2,000.00

06-2300-129998-X Tfr to STIF Hotel Phillips-Fire Sales Tax 7,000.00

06-2300-129998-X Tfr to STIF 909 Walnut Fire Sales Tax 1,000.00

06-2300-129998-X Tfr to TIF Special Allocation Fire Sales Tax 216,700.00

TOTAL $ 226,700.00

 

Section 8. That the appropriation in the following accounts of the Police Sales Tax, No. 2320 is hereby reduced by the following amounts:

 

06-2320-129064-B TIF Reserve $ 122,300.00

06-2320-129998-X Tfr to STIF 12th & Wyandotte 15,000.00

06-2320-129998-X Tfr to STIF Hotel President 29,400.00

06-2320-129998-X Tfr to STIF Savoy 2,000.00

06-2320-129998-X Tfr to STIF Brush Creek-BPTC 58,000.00

TOTAL $ 226,700.00

 

Section 9. That the sum of $226,700.00 is hereby appropriated from the Unappropriated Fund Balance of the Fire Sales Tax, No. 2320 the following accounts in the Police Sales Tax:

 

06-2320-129998-X Tfr to STIF Uptown $ 2,000.00

06-2320-129998-X Tfr to STIF Hotel Phillips 7,000.00

06-2320-129998-X Tfr to STIF 909 Walnut 1,000.00

06-2320-129998-X Tfr to TIF Special Allocation 216,700.00

TOTAL $ 226,700.00

 

Section 10. That the appropriation in the following accounts of the C&T Tax, No. 2360 is hereby reduced by the following amounts:

 

06-2360-129998-X Tfr to STIF 12th & Wyandotte-C&T Tax $ 50,000.00

06-2360-129998-X Tfr to STIF Savoy-C&T Fund 75,500.00

TOTAL $ 125,500.00

 

Section 11. That the sum of $125,500.00 is hereby appropriated from the Unappropriated Fund Balance of the C&T Tax, No. 2360, in the following additional amounts to the following accounts in the C&T Tax:

 

06-2360-129998-X Tfr to STIF Midtown C&T Tax $ 8,000.00

06-2360-129998-X Tfr to STIF Hotel Phillips-C&T Tax 4,500.00

06-2360-129998-X Tfr to TIF Special Allocation-C&T Fund 113,000.00

TOTAL $ 125,500.00

 

Section 12. That the appropriations in the following accounts of the Capital Improvement Sales Tax, No. 3090 are hereby reduced by the following amounts:

 

06-3090-129064-B TIF Reserve $ 417,600.00

06-3090-129998-X Tfr to STIF 12th & Wyandotte 100,000.00

06-3090-129998-X Tfr to STIF Hotel President 117,000.00

06-3090-129998-X Tfr to STIF Savoy 13,000.00

06-3090-129998-X Tfr to STIF Brush Creek-BPTC- 235,000.00

TOTAL $ 882,600.00

 

Section 13. That the sum of $882,600.00 is hereby appropriated from the Unappropriated Fund Balance of the Cap Imp Sales Tax, No. 3090 to the following accounts in the Capital Improvement Sales Tax:

 

06-3090-129998-X Tfr to STIF Uptown $ 7,500.00

06-3090-129998-X Tfr to STIF Hotel Phillips 28,000.00

06-3090-129998-X Tfr to Special Allocation 847,100.00

TOTAL $ 882,600.00

 

Section 14. That the revenue in the following account of the TIF Special Allocation Fund, No. 5150, is hereby re-estimated in the following additional amount:

 

06-5150-120000-450930 Payments In Lieu Of Tax - City $ 586,530.00

06-5150-120000-450940 Payments In Lieu Of Tax - County 2,500,470.00

06-5150-120000-502080 Transfer From PMT Sales Tax 374,300.00

06-5150-120000-502290 Transfer From KCATA Sales Tax 315,200.00

06-5150-120000-502300 Transfer From Fire Sales Tax 216,700.00

06-5150-120000-502320 Transfer From Public Safety Sales Tax 216,700.00

06-5150-120000-502360 Transfer From Convention & Tourism 113,000.00

06-5150-120000-503090 Transfer From Capital Improvement Fun 847,100.00

TOTAL $5,170,000.00

 

Section 15. That the appropriations in the following accounts of the Special Allocation Fund, No. 515 are hereby reduced by the following amounts:

 

06-5150-122506-B TIF Project Costs 11th St Corridor $ 20,000.00

06-5150-122507-B TIF Project Costs Briarcliff West 50,000.00

06-5150-122508-B TIF Project Costs Winchester 282,000.00

06-5150-122518-B TIF Project Costs New York Life 230,000.00

06-5150-122522-B TIF Project Costs Gateway 8,000.00

06-5150-122539-B TIF Project Costs Prospect North 21,000.00

06-5150-122545-B TIF Project Costs Gailoyd 210,000.00

06-5150-122547-B TIF Project Costs West Edge 431,000.00

06-5150-122549-B TIF Project Costs Performing Arts 18,500.00

TOTAL $1,270,500.00

 

Section 16. That the sum of $6,440,500.00 is hereby appropriated from the Unappropriated Fund Balance of the TIF Special Allocation Fund, No. 5150, to the following accounts in the TIF Special Allocation Fund:

 

06-5150-122505-B TIF Project Costs Universal $ 602,000.00

06-5150-122510-B TIF Project Costs Hickman Mills 50,000.00

06-5150-122512-B TIF Project Costs Santa Fe 8,000.00

06-5150-122514-B TIF Project Costs Searcy Creek 6,000.00

06-5150-122515-B TIF Project Costs Southtown Corridor 2,200,000.00

06-5150-122516-B TIF Project Costs Uptown 8,000.00

06-5150-122517-B TIF Project Costs Civic Mall 70,000.00

06-5150-122519-B TIF Project Costs Shoal Creek 2,500,000.00

06-5150-122521-B TIF Project Costs Summit 230,000.00

06-5150-122527-B TIF Project Costs Country Club Plaza 130,000.00

06-5150-122529-B TIF Project Costs Union Hill 4,500.00

06-5150-122531-B TIF Project Costs 22nd & Main 50,000.00

06-5150-122533-B TIF Project Costs Chouteau & I-35 210,000.00

06-5150-122537-B TIF Project Costs Brush Creek 21,000.00

06-5150-122542-B TIF Project Costs New England Bank 21,000.00

06-5150-129998-X Tfr to STIF Americana 90,000.00

06-5150-129998-X Tfr to 12th & Wyandotte 90,000.00

06-5150-129998-X Trf to STIF Midtown 100,000.00

06-5150-129998-X Tfr to Uptown 50,000.00

TOTAL $6,440,500.00

 

Section 17. That the revenue in the following account of the Americana Super TIF Fund, No. 5160, is hereby reduced in the following additional amount:

 

06-5160-120000-501000 Transfer From General Fund $ 20,000.00

 

Section 18. That the revenue in the following account of the Americana Super TIF Fund, No. 5160, is hereby re-estimated in the following additional amount:

 

06-5160-120000-502290 Transfer From KCATA Sales Tax $ 6,500.00

06-5160-120000-505150 Transfer from TIF Special Allocation 90,000.00

TOTAL $ 96,500.00

 

Section 19. That the revenue in the following accounts of the 12th & Wyandotte Super TIF Fund, No. 5170, is hereby re-estimated in the following additional amount:

 

06-5170-120000-505150 Transfer From TIF Special Allocation $ 90,000.00

 

Section 20. That the revenue in the following accounts of the 12th & Wyandotte Super TIF Fund, No. 5170, are hereby reduced in the following amount:

 

06-5170-120000-502360 Transfer From C&T Fund $ 50,000.00

06-5170-120000-501000 Transfer From General Fund 5,000.00

06-5170-120000-502300 Transfer From Fire Sales Tax 15,000.00

06-5170-120000-502320 Transfer From Police Sales Tax 15,000.00

06-5170-120000-503090 Transfer From Capital Improvement Fund 100,000.00

TOTAL $ 185,000.00

 

Section 21. That the revenue in the following account of the Midtown Super TIF Fund, No. 5180, are hereby re-estimated in the following additional amount:

 

06-5180-120000-501000 Transfer From General Fund $ 23,000.00

06-5180-120000-502290 Transfer From KCATA Sales Tax 143,000.00

06-5180-120000-502360 Transfer From C&T Fund 8,000.00

06-5180-120000-505150 Transfer From Special Allocation Fund 100,000.00

TOTAL $ 274,000.00

 

Section 22. That the revenue in the following account of the Uptown Super TIF Fund, No. 5190, are hereby re-estimated in the following additional amount:

 

06-5190-120000-502290 Transfer From KCATA Sales Tax $ 12,000.00

06-5190-120000-502300 Transfer From Fire Sales Tax 2,000.00

06-5190-120000-502320 Transfer From Police Sales Tax 2,000.00

06-5190-120000-503090 Transfer From Cap Imp Sales Tax 7,500.00

06-5190-120000-505150 Transfer From Special Allocation Fund 50,000.00

TOTAL $ 73,500.00

Section 23. That the revenue in the following account of the Valentine Super TIF Fund, No. 5200, is hereby reduced in the following amount:

 

06-5200-120000-501000 Transfer From General Fund $ 8,000.00

 

Section 24. That the revenue in the following accounts of the Hotel President Super TIF Fund, No. 5260, are hereby reduced in the following amount:

 

06-5260-120000-502290 Transfer From KCATA Sales Tax $ 44,000.00

06-5260-120000-502300 Transfer From Fire Sales Tax 29,400.00

06-5260-120000-502320 Transfer From Police Sales Tax 29,400.00

06-5260-120000-503090 Transfer From Capital Improvement Fund 117,000.00

TOTAL $ 219,800.00

 

Section 25. That the revenue in the following accounts of the Hotel Phillips Hotel Super TIF Fund, No. 5270, are hereby re-estimated in the following additional amount:

 

06-5270-120000-502360 Transfer From C&T Fund $ 4,500.00

06-5270-120000-502290 Transfer From KCATA Sales Tax 41,000.00

06-5270-120000-502300 Transfer From Fire Sales Tax 7,000.00

06-5270-120000-502320 Transfer From Police Sales Tax 7,000.00

06-5270-120000-503090 Transfer From Cap Imp Sales Tax 28,000.00

$ 87,500.00

Section 26. That the revenue in the following accounts of the Savoy Super TIF Fund, No. 5280, are hereby reduced in the following amount:

 

06-5280-120000-502360 Transfer From C&T Fund $ 75,500.00

06-5280-120000-501000 Transfer From General Fund 5,000.00

06-5280-120000-502290 Transfer From KCATA Sales Tax 3,000.00

06-5280-120000-502300 Transfer From Fire Sales Tax 2,000.00

06-5280-120000-502320 Transfer From Police Sales Tax 2,000.00

06-5280-120000-503090 Transfer From Cap Imp Sales Tax 13,000.00

TOTAL $ 100,500.00

 


Section 27. That the revenue in the following account of the Union Hill Super TIF Fund, No. 5290, is hereby re-estimated in the following additional amount:

 

06-5290-120000-502290 Transfer From KCATA Sales Tax $ 4,100.00

 

Section 28. That the revenue in the following accounts of the Brush Creek Blue Parkway Town Center Super TIF Fund, No. 5300, are hereby reduced in the following amount:

 

06-5300-120000-502290 Transfer From KCATA Sales Tax $ 88,000.00

06-5300-120000-502300 Transfer From Fire Sales Tax 58,000.00

06-5300-120000-502320 Transfer From Police Sales Tax 58,000.00

06-5300-120000-503090 Transfer From Cap Imp Sales Tax 235,000.00

TOTAL $ 439,000.00

 

Section 29. That the revenue in the following accounts of the 909 Walnut Super TIF Fund, No. 5310, are hereby re-estimated in the following additional amount:

 

06-5310-120000-501000 Transfer From General Fund $ 15,000.00

06-5310-120000-502290 Transfer From KCATA Sales Tax 1,500.00

06-5310-120000-502300 Transfer From Fire Sales Tax 1,000.00

06-5310-120000-502320 Transfer From Police Sales Tax 1,000.00

TOTAL $ 18,500.00

 

Section 30. That the sum of $134,933.00 is hereby appropriated from the Unappropriated fund balance of the 909 Walnut Super TIF Fund, No. 5310, to the following account of the 909 Walnut Super TIF Fund:

 

06-5310-129638-G DS STIF Tower / 909 Walnut $ 134,933.00

 

Section 31. That the revenue in the following account of the General Fund, No. 1000, is hereby estimated in the following amount:

 

06-1000-120000-506830 Tfr from Chapter 100 Fund $ 124,326.00

 

Section 32. That the revenue in the following account of the Museum Fund, No. 2020, is hereby estimated in the following amount:

 

06-2020-120000-506830 Tfr from Chapter 100 Fund $ 3,668.00

 

Section 33. That the revenue in the following account of the East Park Fund, No. 2030, is hereby estimated in the following amount:

 

06-2030-120000-506830 Tfr from Chapter 100 Fund $ 37,211.00

 

Section 34. That the revenue in the following account of the Trafficway Fund, No. 2070, is hereby estimated in the following amount:

 

06-2070-120000-506830 Tfr from Chapter 100 Fund $ 18,605.00

 

Section 35. That the revenue in the following account of the Health Fund, No. 2330, is hereby estimated in the following amount:

 

06-2330-120000-506830 Tfr from Chapter 100 Fund $ 91,010.00

 

Section 36. That the revenues in the following accounts of the General Debt & Interest Fund, No. 5010, are hereby estimated in the following amounts:

 

06-5010-120000-506830 Tfr from Chapter 100 Fund $ 25,839.00

06-5010-120000-476350 PILOTs 16,000.00

TOTAL $ 41,839.00

 

Section 37. That the revenue in the following account of the Neighborhood Improvement District Fund, No. 6820, is hereby estimated in the following amount:

 

06-6820-120000-484000 Special Assessment Collections $ 4,511,587.00

 

Section 38. That the sum of $1,014,714.00 is hereby appropriated from the Unappropriated Fund Balance of the Neighborhood Improvement District Fund, No. 6820, to the following accounts in the Neighborhood Improvement District Fund:

 

06-6820-129640-B Plaza Colonade Special Assessment $ 1,014,714.00

_____________________________________________

 

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.

 

 

___________________________________

Debra R. Hinsvark

Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Heather A. Brown

Assistant City Attorney