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Legislation #: 160005 Introduction Date: 1/7/2016
Type: Ordinance Effective Date: none
Sponsor: COUNCILMEMBERS JUSTUS, SHIELDS, LUCAS AND REED
Title: Authorizing the City Manager to amend a cooperative agreement with the Planned Industrial Expansion Authority of Kansas City, Missouri for blight remediation in the Troost Corridor PIEA Planning Area; and appropriating $1,000,000.00 to be used for such purposes.  

Legislation History
DateMinutesDescription
1/4/2016 Filed by the Clerk's office
1/7/2016 Referred to Planning, Zoning & Economic Development Committee
1/13/2016 Do Pass
1/14/2016 Assigned to Third Read Calendar
1/21/2016 Passed

View Attachments
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160005.pdf Authenticated 94K 160005
160005 Fact Sheet.pdf Fact Sheet 21K Fact Sheet

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ORDINANCE NO. 160005

 

Authorizing the City Manager to amend a cooperative agreement with the Planned Industrial Expansion Authority of Kansas City, Missouri for blight remediation in the Troost Corridor PIEA Planning Area; and appropriating $1,000,000.00 to be used for such purposes.  

 

WHEREAS, the City entered into a cooperative agreement with the Planned Industrial Expansion Authority of Kansas City, Missouri (the “PIEA”) on May 21, 2015, for the PIEA to provide property acquisition and marketing services in the PIEA Troost Corridor Development Area in Kansas City, Missouri; and

 

WHEREAS, a developer has filed a pre-development agreement with the PIEA to redevelop the four corners of Armour Boulevard and Troost Avenue in a multi-use development project; and

 

WHEREAS, the Armour/Troost Development Project is a significant commercial and residential project within the Troost Corridor area, and will greatly contribute to blight remediation in the Troost Corridor PIEA Planning Area; and

 

WHEREAS, the City desires to support completion of the Armour/Troost Development Project; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the City Manager is hereby authorized to amend a funding agreement with the Planned Industrial Expansion Authority of Kansas City, Missouri for blight remediation in the Troost Corridor PIEA Planning Area in the amount of $1,000,000.00 from funds to be appropriated from the Industrial Development Authority of the City of Kansas City, Missouri - Uptown Theater and Midtown Redevelopment Projects Midtown Business Interruption Fund.

 

Section 2. That the City Manager is authorized to execute the amended cooperative agreement in substantially the form attached to this Ordinance, and other supportive documents with such changes and clarifications as are determined necessary by the City Manager.

 

Section 3. That the sum of $1,000,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Midtown STIF Fund to the following:

 

16-5180-648047-64016003 Midtown Housing Contributions $1,000,000.00

 

Section 4. That the Director of City Planning and Development is designated as requisitioning authority for Account No. 16-5180-648047.

 

_______________________________________

 

I hereby certify that there is a balance in the amount of $1,000,000.00, otherwise unencumbered, to the credit of the appropriation to which the foregoing expenditure for the first payment under the funding agreement 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, in the first year of the funding agreement.

 

 

________________________________

Randall J. Landes

Director of Finance

 

Approved as to form and legality:

 

 

________________________________

Brian T. Rabineau

Assistant City Attorney