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Legislation #: 090298 Introduction Date: 4/16/2009
Type: Ordinance Effective Date: none
Sponsor: None
Title: Authorizing execution of an third amended contract with the Economic Development Corporation of Kansas City, Missouri, the Land Clearance for Redevelopment Authority of Kansas City, Missouri, the Port Authority of Kansas City, Missouri, the Tax Increment Financing Commission of Kansas City, Missouri, and the Downtown Economic Stimulus Authority for the purpose of providing funds for certain development and redevelopment services, adding $309,000.00 to the contract amount; and extending the term for 60 days.

Legislation History
DateMinutesDescription
4/14/2009 Filed by the Clerk's office
4/16/2009 Referred to Finance and Audit Committee
4/22/2009 Hold On Agenda (4/29/2009)
4/29/2009 Advance and Do Pass as a Committee Substitute, Debate
4/30/2009 Councilmember Riley Move to Amend
4/30/2009 Passed as Substituted and Amended

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090298.pdf Authenticated 80K AUTHENTICATED
http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=090298 Video Link 0K http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=090298
Ordinance No 09 _fact sheet.xls Fact Sheet 58K Fact Sheet

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COMMITTEE SUBSTITUTE FORORDINANCE NO. 090298, AS AMENDED

 

Authorizing execution of an third amended contract with the Economic Development Corporation of Kansas City, Missouri, the Land Clearance for Redevelopment Authority of Kansas City, Missouri, the Port Authority of Kansas City, Missouri, the Tax Increment Financing Commission of Kansas City, Missouri, and the Downtown Economic Stimulus Authority for the purpose of providing funds for certain development and redevelopment services, adding $309,000.00 to the contract amount; and extending the term for 60 days.

 

WHEREAS, the Mayor and Council desire that the Economic Development Corporation of Kansas City, Missouri, support and coordinate the activities of and provide professional staff for all of the economic development and redevelopment agencies operating on behalf of the City including the Land Clearance for Redevelopment Authority of Kansas City, the Port Authority of Kansas City, the Tax Increment Financing Commission of Kansas City and the Downtown Economic Stimulus Authority of Kansas City, Missouri; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Director of Finance is hereby authorized to execute a third amended contract, on behalf of the City, with the Economic Development Corporation of Kansas City, Missouri, the Land Clearance for Redevelopment Authority of Kansas City, Missouri, the Port Authority of Kansas City, Missouri, the Tax Increment Financing Commission of Kansas City, Missouri, and the Downtown Economic Stimulus Authority of Kansas City, Missouri, in the total amount of $1,229,000.00 for the purpose of providing funds for certain development and redevelopment services and to extend the term of the contract by 60 days as long as such organizations do not increase any salaries or compensation of any employee during the term of the renewal. The additional funding for the 60 day period is $309,000.00. A copy of the agreement, in substantial form, is attached hereto and is hereby approved.

 

______________________________________________________

 

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.

 

_________________________________

Jeffrey A. Yates

Director of Finance

 

Approved as to form and legality:

 

  _________________________________

Heather A. Brown

Assistant City Attorney