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Legislation #: 140004 Introduction Date: 1/9/2014
Type: Ordinance Effective Date: none
Sponsor: None
Title: Authorizing the Director of Neighborhoods and Housing Services Department to accept and enter into an agreement for the expenditure of two grants from the Federal Home Loan Bank of Des Moines, Affordable Housing Program, in the amount of $1,000,000.00; estimating revenue in the amount of $1,000,000.00; appropriating funds to the Special Housing Rehabilitation Fund; and designating requisitioning authority.

Legislation History
DateMinutesDescription
1/6/2014 Filed by the Clerk's office
1/9/2014 Referred to Neighborhoods, Housing & Healthy Communities
1/15/2014 Advance and Do Pass, Debate
1/16/2014 Passed

View Attachments
FileTypeSizeDescription
140004 Approp__Admin.pdf Other 12K Approp Admin FHLB
140004 Fiscal Note.pdf Fiscal Note 15K Fiscal Note
140004 Fact Sheet.pdf Fact Sheet 116K Fact Sheet

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ORDINANCE NO. 140004

 

Authorizing the Director of Neighborhoods and Housing Services Department to accept and enter into an agreement for the expenditure of two grants from the Federal Home Loan Bank of Des Moines, Affordable Housing Program, in the amount of $1,000,000.00; estimating revenue in the amount of $1,000,000.00; appropriating funds to the Special Housing Rehabilitation Fund; and designating requisitioning authority.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Director of Neighborhoods and Housing Services Department is authorized to accept two grants in the amount of $1,000,000.00 from the Federal Home Loan Bank of Des Moines, Affordable Housing Program, for the purpose of providing repairs to homes of low income homeowners in six targeted neighborhoods, and to enter into an agreement for the expenditure of the funds.

Section 2. That the revenue in the following account of the Special Housing Rehabilitation Fund is estimated in the following amount:

 

14-6380-570001-477605 Federal Home Loan Bank $1,000,000.00

 

Section 3. That $1,000,000.00 is appropriated in the Special Housing Rehabilitation Fund to the following accounts in the Special Housing Rehabilitation Fund:

 

14-6380-575310-G57FHLB13-A Federal Home Loan Bank $ 88,000.00

14-6380-575310-G57FHLB13-B Federal Home Loan Bank 910,000.00

14-6380-575310-G57FHLB13-C Federal Home Loan Bank 2,000.00

TOTAL $1,000,000.00

 

Section 4. That the Director of Neighborhoods and Housing Services Department is hereby designated as requisitioning authority for Account No. 14-6380-575310.

 

_______________________________________________

 

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.

 

____________________________________

Randall J. Landes

Director of Finance

 

Approved as to form and legality:

 

____________________________________

Nicole Rowlette

Assistant City Attorney