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Legislation #: 001476 Introduction Date: 11/2/2000
Type: Ordinance Effective Date: 11/19/2000
Sponsor: None
Title: Authorizing execution of a $5,000.00 Cooperative Agreement with the Economic Development Corporation for the purpose of completing a Bannister/Three Trails Community Improvement District for the area generally bounded by 87th Street on the north, Bannister Road on the south, I-435 on the west and Hillcrest Road on the east; and directing the City Clerk to file certain documents with the appropriate offices.

Legislation History
DateMinutesDescription
11/2/2000

Prepare to Introduce

11/2/2000

Referred Planning, Zoning & Economic Development Committee

11/8/2000

Advance and Do Pass

11/9/2000

Passed


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ORDINANCE NO. 001476

 

Authorizing execution of a $5,000.00 Cooperative Agreement with the Economic Development Corporation for the purpose of completing a Bannister/Three Trails Community Improvement District for the area generally bounded by 87th Street on the north, Bannister Road on the south, I-435 on the west and Hillcrest Road on the east; and directing the City Clerk to file certain documents with the appropriate offices.

 

WHEREAS, the Bannister area merchants have contributed $5,000.00 to leverage $5,000.00 from the City for a total of $10,000.00 to complete the Bannister/Three Trails Community Improvement District; and

 

WHEREAS, the Bannister/Three Trails Community Improvement District, once established, intends to reimburse the City for its contribution with funds collected through annual assessments on property and/or sales tax; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Director of the Department of City Development is hereby authorized, on behalf of the City, to execute a Cooperative Agreement with the Economic Development Corporation, in an amount not to exceed $5,000.00, for the purpose of completing the Bannister/Three Trails Community Improvement District for the area generally bounded by 87th Street on the north, Bannister Road on the south, I-435 on the west and Hillcrest Road on the east from funds previously appropriated to Account No. 01-100-064-2310-B, Area Plans and Annexations. A copy of the Cooperative Agreement, in substantial form, is attached hereto and is hereby approved.

 

Section 2. That the City Clerk is hereby directed to file a copy of this ordinance, together with the Cooperative Agreement, with the Office of the Secretary of State of Missouri and with the Department of Records of Jackson County, Missouri.

 

________________________________________________________

 

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.

 

 

___________________________________

Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Assistant City Attorney