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Legislation #: 190145 Introduction Date: 2/14/2019
Type: Ordinance Effective Date: none
Sponsor: None
Title: Accepting a grant from the Federal Home Loan Bank of Des Moines, Affordable Housing Program, in the amount of $476,675.00; authorizing an agreement with the Federal Home Loan Bank of Des Moines; estimating and appropriating $476,675.00 to the Neighborhood Grants Fund; and designating requisitioning authority.

Legislation History
DateMinutesDescription
2/14/2019 Filed by the Clerk's office
2/14/2019 Referred to Housing Committee
2/27/2019 Advance and Do Pass, Debate
2/28/2019 Passed

View Attachments
FileTypeSizeDescription
190145.pdf Authenticated 69K Authenticated
FN - FHLB 2019.xls Fiscal Note 40K Fiscal Note
FS - FHLB 2019.xls Fact Sheet 62K Fact Sheet
AA-FHLB 2019.xls Other 44K Approp Worksheet

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ORDINANCE NO. 190145

 

Accepting a grant from the Federal Home Loan Bank of Des Moines, Affordable Housing Program, in the amount of $476,675.00; authorizing an agreement with the Federal Home Loan Bank of Des Moines; estimating and appropriating $476,675.00 to the Neighborhood Grants Fund; and designating requisitioning authority.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Mayor and Council acknowledge and accept the funds allocated by the Federal Home Loan Bank of Des Moines, Affordable Housing Program, in the amount of $476,675.00.

 

Section 2. Authorizing the Director of Neighborhoods and Housing Services Department to accept the grant in the amount of $476,675.00 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 four targeted neighborhoods, and to enter into an agreement for the expenditure of the funds.

 

Section 3. That revenue in the amount of 476,675.00 is estimated in the following account of the Neighborhood Grants Fund:

 

19-2580-570001-477605-G57FHLB19 Federal Home Loan Bank $476,675.00

 

Section 4. That $476,675.00 is appropriated from the Unappropriated Fund Balance of the Neighborhood Grants Fund to the following account:

 

19-2580-575310-B-G57FHLB19 Federal Home Loan Bank $476,675.00

 

Section 5. That the Director of Neighborhoods and Housing Services Department is hereby designated as requisitioning authority for Account No. 19-2580-575310.

_____________________________________________

 

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