ORDINANCE NO. 930098

 

Appropriating $625,456.00 from the Tax Increment Financing Special Allocation Account for the repayment of expenses associated with the following Tax Increment Financing Projects and designating requisitioning authority.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the revenue in the following accounts of the Tax Increment Financing Special Allocation Fund is hereby estimated in the following amounts:

 

515-012-5036 Real Estate Tax Increment - City $ 19,888.00 West 46th Street Terrace

515-012-5044 Real Estate Tax Increment - County 82,466.00 West 46th Street Terrace

515-012-5038 Real Estate Tax Increment - City 455.00 Linwood-Gillham

515-012-5073 Real Estate Tax Increment - County 2,839.00 Linwood-Gillham

515-012-5041 Real Estate Tax Increment - County 419.00 10th and Troost

515-012-5037 Real Estate Tax Increment - City 41,260.00 Walnut Creek

515-012-5047 Real Estate Tax Increment - County 174,216.00 Walnut Greek

515-012-5076 Real Estate Tax Increment - City 10,100.00 Briarcliff West

515-012-5077 Real Estate Tax Increment - County 30,962.00 Briarcliff West

515-012-5080 Real Estate Tax Increment - City 15,975.00 Winchester Center

515-012-5081 Real Estate Tax Increment - County 70,217.00 Winchester Center

515-012-5082 Operations & Activity Taxes - City 50,000.00 Winchester Center

515-012-5090 Operations & Activity Taxes - City 40,000.00 Universal

515-012-5086 Operations & Activity Taxes - City 75,000.00 Eleventh Street Corridor

515-012-6000 Interest on Investments 11,659.00

 

TOTAL $625,456.00

 

 

Section 2. That the sum of $625,456.00 is hereby appropriated from the Unappropriated Fund Balance of the Tax Increment Financing Special Allocation Fund to the following accounts in the Tax Increment Financing Special Allocation Fund:

 

515-012-1120-B Contr. to City Assessment Prog. $ 1,026.00 515-012-1110-B County Collection Fee 3,608.00 515-012-2500-B TIF Project Cost 106,542.00 West 46th Street Terrace

515-012-2501-B TIF Project Cost 3,265.00 Linwood-Gillham

515-012-2502-B TIF Project Cost 219,509.00 Walnut Creek

515-012-2503-B TIF Project Cost 419.00 10th and Troost

515-012-2507-B TIF Project Cost 40,597.00 Briarcliff West

515-012-2508-B TIF Project Cost 135,490.00 Winchester Center

515-012-2505-B TIF Project Cost 40,000.00 Universal

515-012-2506-B TIF Project Cost 75,000.00 Eleventh Street Corridor

TOTAL $625,456.00

 

Section 3. That the Director of Finance is hereby designated as the requisitioning authority for Account Nos. 515-012-1110; 515-012-2500; 515-012-2501; 515-012-2502; 515-012-2503; 515-012-2507; 515-012-2508; 515-012-2505; 515-012-2506 and 515-012-1120.

 

Section 4. That this ordinance, making provisions for the current expenses of municipal government, is recognized as an emergency measure within the provisions of Section 15, Article II and is effective immediately upon passage.

 

_____________________________________________

 

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