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Legislation #: 961413 Introduction Date: 10/31/1996
Type: Ordinance Effective Date: 11/24/1996
Sponsor: COUNCILMEMBERS ZCLEAVER(OLD), FINLEY AND WILLIAMS-NEAL
Title: Reestimating revenue in the amount of $1,000,000.00 in the KCMAC Leasehold Revenue Capital Improvements Fund; appropriating $1,000,000.00 to the 18th _ Vine Project; appropriating $800,000.00 from the Unappropriated Fund Balance of the Convention and Sports Complex Fund to a transfer account in that fund; reestimating the revenue in the Convention and Tourism Fund in the additional amount of $800,000.00; appropriating $800,000.00 to the 18th and Vine Project; designating requisitioning authority; and authorizing a $1,800,000.00 amendment to the Management Agreement with the 18th and Vine Authority.

Legislation History
DateMinutesDescription
10/31/1996

Prepare to Introduce

10/31/1996

Referred Finance & Administration Committee

11/6/1996

Hold On Agenda

11/13/1996

Advance and Do Pass as a Committee Substitute

11/14/1996

Passed as Substituted


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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 961413

 

Reestimating revenue in the amount of $1,000,000.00 in the KCMAC Leasehold Revenue Capital Improvements Fund; appropriating $1,000,000.00 to the 18th & Vine Project; appropriating $800,000.00 from the Unappropriated Fund Balance of the Convention and Sports Complex Fund to a transfer account in that fund; reestimating the revenue in the Convention and Tourism Fund in the additional amount of $800,000.00; appropriating $800,000.00 to the 18th and Vine Project; designating requisitioning authority; and authorizing a $1,800,000.00 amendment to the Management Agreement with the 18th and Vine Authority.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the revenue in the following account of the KCMAC Leasehold Revenue Capital Improvements Fund is reestimated in the following additional amount:

 

94-388-012-6010 Interest on Investments--Trustee $1,000,000.00

 

Section 2. That the sum of $1,000,000.00 is appropriated from the Unappropriated Fund Balance of the KCMAC Leasehold Revenue Capital Improvements Fund to the following account of the Fund:

 

97-388-064-7350T 18th and Vine--Jazz Hall of Fame Complex $1,000,000.00

 

Section 3. That the sum of $800,000.00 is appropriated from the Unappropriated Fund Balance of the Convention and Sports Complex Fund to the following account:

 

97-537-012-9036B Transfer to Convention and Tourism Fund $ 800,000.00

 

Section 4. That the revenue in the following account of the Convention and Tourism Fund is reestimated in the following additional amount:

 

97-236-012-9230 Transfer from Convention and Sports Complex Fund $ 800,000.00

 

Section 5. That the sum of $800,000.00 is appropriated from the Unappropriated Fund Balance of the Convention and Tourism Fund to the following account:

 

97-236-064-7350T 18th & Vine-Jazz Hall of Fame Complex $ 800,000.00

 

Section 6. That the Director of City Development is designated as requisitioning authority for Account Nos. 97-388-064-7350T and 97-236-064-7350T.

 

Section 7. That the Director of City Development is authorized to execute an amendment to the Management Agreement with the 18th and Vine Authority in the amount of $1,800,000.00 for construction of the 18th and Vine Project from funds appropriated in this ordinance. The amendment is approved in substantial form as that attached to this ordinance.

 

___________________________________________________________

 

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