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Legislation #: 210068 Introduction Date: 1/21/2021
Type: Ordinance Effective Date: none
Sponsor: None
Title: Estimating revenues and appropriating funds in the amount $190,000.00 to the HOME Investment Fund and authorizing the Director of Neighborhoods and Housing Services to enter into a HOME rental development agreement with 43 Antioch, LLC for the construction of the Brookwood at Antioch project.

Legislation History
DateMinutesDescription
1/21/2021 Filed by the Clerk's office
1/21/2021 Referred to Neighborhood Planning and Development Committee
1/27/2021 Advance and Do Pass, Debate
1/28/2021 Passed

View Attachments
FileTypeSizeDescription
210068.pdf Authenticated 59K Authenticated Ordinance
AppropAdmin.pdf Other 77K Appropriation Worksheet
43 Antioch Fiscal Note Final.pdf Fiscal Note 119K Fiscal Note
FS Antioch 43 (2).pdf Fact Sheet 153K Fact Sheet

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ORDINANCE NO. 210068

 

Estimating revenues and appropriating funds in the amount $190,000.00 to the HOME Investment Fund and authorizing the Director of Neighborhoods and Housing Services to enter into a HOME rental development agreement with 43 Antioch, LLC for the construction of the Brookwood at Antioch project.

 

WHEREAS, on March 21, 2019, through Committee Substitute for Resolution No. 190013, the Council approved the 2019 One-Year Action Plan which included Home Investments Partnerships Program (HOME) funds for housing development in targeted areas; and

 

WHEREAS, Brookwood at Antioch, a Choice Neighborhoods Project, was awarded 2019 low income housing tax credits through the Missouri Housing Development Commission for new construction of 66 units of mixed income family housing located at 2620 N.E. 43rd Street and City HOME funds are necessary in order for the project to move forward; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the revenue in the following account of the HOME Investment Fund is estimated in the following amount:

 

21-2940-570001-476050-G57HOME19 HOME Investment $190,000.00

 

Section 2. That the amount of $190,000.00 is hereby appropriated from the Unappropriated Fund Balance to the following account in the HOME Investment Fund:

 

21-2940-575326-B-G57HOME19 HOME Investment $190,000.00

 

Section 3. That the Director of Neighborhoods and Housing Services is authorized to enter into a rental development and funding agreement with 43Antioch LLC.

 

_____________________________________________

 


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.

 

 

___________________________________

Tammy L. Queen

Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Joseph Guarino

Assistant City Attorney