ORDINANCE NO. 030540

Authorizing execution of a $908,496.00 Cooperative Agreement 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, and the Tax Increment Financing Commission of Kansas City, Missouri, 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.

WHEREAS, the Mayor and City Council desire that EDC 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, the Port Authority of Kansas City and the Tax Increment Financing Commission; 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 to execute a Cooperative Agreement 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 and the Tax Increment Financing Commission of Kansas City, Missouri, in the amount of $908,496.00, for the purpose of providing funds for certain development and redevelopment services to be paid from funds previously appropriated to Account Nos. 04-100-064-2000-B, Economic Development Corporation ($658,496.00) and 04-264-064-2000-B, Economic Development Corporation ($250,000.00). 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 the Cooperative Agreement, together with a copy of this ordinance, in the office of the Secretary of the State of Missouri and in the Department of Records for Jackson County, Missouri.

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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.

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Director of Finance

Approved as to form and legality:

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Assistant City Attorney