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Legislation #: 970676 Introduction Date: 5/15/1997
Type: Ordinance Effective Date: 6/1/1997
Sponsor: None
Title: Authorizing execution of a Cooperative Agreement with the Economic Development Corporation of Kansas City, Missouri, the Land Clearance for Redevelopment Authority, the Port Authority of Kansas City and the Tax Increment Financing Commission, in the total amount of $1,772,350.00, for the purpose of providing funds for certain development and redevelopment services; and directing the City Clerk to file certain documents with the appropriate offices.

Legislation History
DateMinutesDescription
5/15/1997

Prepare to Introduce

5/15/1997

Referred Planning, Zoning & Economic Development Committee

5/21/1997

Advance and Do Pass

5/22/1997

Passed


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ORDINANCE NO. 970676

 

Authorizing execution of a Cooperative Agreement with the Economic Development Corporation of Kansas City, Missouri, the Land Clearance for Redevelopment Authority, the Port Authority of Kansas City and the Tax Increment Financing Commission, in the total amount of $1,772,350.00, for the purpose of providing funds for certain development and redevelopment services; and directing the City Clerk to file certain documents with the appropriate offices.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Director of the Department of City Development is hereby authorized to execute a Cooperative Agreement, on behalf of the City, with the Economic Development Corporation of Kansas City, the Land Clearance for Redevelopment Authority, the Port Authority of Kansas City and the Tax Increment Financing Commission, in the amount of $1,772,350.00, for the purpose of providing funds for certain development and redevelopment services from funds previously appropriated to Account Nos.:

 

98-100-064-2000-B Economic Development Corporation $1,472,350.00 98-266-064-2000-B Economic Development Corporation 300,000.00 TOTAL $1,772,350.00

 

A copy of said Cooperative Agreement, in substantial form, is attached hereto and is hereby approved.

 

Section 2. That the Director of the Department of City Development is hereby authorized to expend the sum of $1,772,350.00 from funds previously appropriated to Account Nos. 98-100-064-2000-B and 98-266-064-2000-B for payment to the Economic Development Corporation of Kansas City for work to be performed under the Cooperative Agreement.

 

Section 3. That the City Clerk is hereby directed to file copies of said Cooperative Agreement, together with a copy of this ordinance, in the office of the Secretary of State and in 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