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Legislation #: 160544 Introduction Date: 7/21/2016
Type: Ordinance Effective Date: 9/2/2016
Sponsor: None
Title: Estimating revenue in the amount of $4,500,000.00 in the Capital Improvement Fund; appropriating that amount to the N.E. 104th Street Improvement Project account; designating requisitioning authority; authorizing the Director of Public Works to enter into a Redevelopment Agreement with the Tax Increment Financing Commission for roadway improvements along N.E. 104th Street from Missouri 291 Highway to Missouri A Highway; and recognizing this ordinance as having an accelerated effective date.

Legislation History
DateMinutesDescription
7/20/2016 Filed by the Clerk's office
7/21/2016 Referred to Transportation & Infrastructure Committee
9/1/2016 Advance and Do Pass, Debate
9/1/2016 Passed

View Attachments
FileTypeSizeDescription
160544.pdf Authenticated 77K Authenticated
160544 PW presentation.pdf Other 158K 160544 Presentation Slide
160544 Agreement.pdf Agreement 3997K TIF Agreement
160544 Admin.pdf Other 28K Admin Approp
160544 Fiscal Note.pdf Fiscal Note 23K Fiscal Note
160544 Fact Sheet.pdf Fact Sheet 183K Fact Sheet
R-2016-00586 Appropriation Sheet.pdf Other 24K R-2016-00586 Appropriation Sheet
R-2016-00586 TIFAgreement.pdf Agreement 3989K R-2016-00586 TIF Agreement

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ORDINANCE NO. 160544

 

Estimating revenue in the amount of $4,500,000.00 in the Capital Improvement Fund; appropriating that amount to the N.E. 104th Street Improvement Project account; designating requisitioning authority; authorizing the Director of Public Works to enter into a Redevelopment Agreement with the Tax Increment Financing Commission for roadway improvements along N.E. 104th Street from Missouri 291 Highway to Missouri A Highway; and recognizing this ordinance as having an accelerated effective date.

 

Section 1. That revenue is hereby estimated in the following amount in the following account of the Capital Improvement Fund:

 

17-3090-890000-485380-89008535  N.E. 104th Street to 291 to

A Hwy $4,500,000.00

 

Section 2. That the appropriation in the following account of the Capital Improvement Fund is hereby increased by the following amount:

 

17-3090-898041-B-89008535 N.E. 104th Street to 291 to

A Hwy $4,500,000.00

 

Section 3. That the Director of Public Works is designated the requisitioning authority for Account No. 17-3090-898041.

 

Section 4. That the Director of Public Works is hereby authorized to execute a Redevelopment Agreement with the Tax Increment Financing Commission in the amount of $4,500,000.00 for funding of certain roadway improvements along N.E. 104th Street from Missouri 291 Highway to Missouri A Highway. A copy of the agreement is on file in the office of the Director of Public Works.

 

Section 5. That this ordinance, relating to the design, repair, maintenance or construction of a public improvement, is recognized as an ordinance with an accelerated effective date as provided by Section 503(a)(3)(D) of the City Charter and shall take effect in accordance with Section 503, City Charter.

 

________________________________________________

 


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:

 

 

__________________________________ Katherine Chandler
Assistant City Attorney