ORDINANCE NO. 990197

Reducing the appropriation by the sum of $50,000.00 in the Dangerous Building account of the Community Development Fund - Year 24; appropriating it to the HEDFC Administration account of the Fund; reducing the appropriation by the sum of $50,000.00 in the Special Projects - CD3 account of the Capital Improvements Fund; appropriating it to the Building Demolition - CD3 account of the Fund; and authorizing execution of a $50,000.00 contract with the Housing and Economic Development Financial Corporation for funds for the rehabilitation of the Mutual Musicians Foundation facility.

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the appropriation in the following account of the Community Development Fund - Year 24 is hereby reduced by the following amount:

99-267-057-2340-B Dangerous Building Demolition $50,000.00

Section 2. That the sum of $50,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Community Development Fund - Year 24, Fund No. 267, to the following account in said Fund:

99-267-055-2140-B HEDFC Administration $50,000.00

Section 3. That the appropriation in the following account of the Capital Improvements Fund is hereby reduced by the following amount:

99-309-089-6301-T Special Projects - CD3 $50,000.00

Section 4. That the sum of $50,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Capital Improvements Fund to the following account in the Capital Improvements Fund:

99-309-057-6301-T Building Demolition - CD3 $50,000.00

Section 5. That the Director of the Department of Housing and Community Development is hereby authorized to execute a contract with the Housing and Economic Development Financial Corporation, in the amount of $50,000.00, for the purpose of providing funds for rehabilitation of the Mutual Musicians Foundation facility to be paid from funds herein appropriated to Account No. 99-267-055-2140-B, HEDFC Administration. A copy of the contract, in substantial form, is attached hereto and is hereby approved.

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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.

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Director of Finance

Approved as to form and legality:

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Assistant City Attorney