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Legislation #: 090297 Introduction Date: 4/16/2009
Type: Ordinance Effective Date: none
Sponsor: None
Title: Authorizing acceptance of a $7,323,734.00 grant from the U.S. Department of Housing and Urban Development (HUD) through the Neighborhood Stabilization Program to assist the City in the acquisition and redevelopment of foreclosed and abandoned properties; authorizing execution of a contract in the amount of $6,861,361.00 with the Economic Development Corporation of Kansas City, Missouri (EDC) to provide land banking and special services to the City; renaming Fund No. 2510 to the Neighborhood Stabilization Grant Fund; estimating revenue in the amount of $7,323,734.00; increasing appropriations in the amount of $7,323,734.00 to the NSP accounts; and designating requisitioning authority.

Legislation History
DateMinutesDescription
4/14/2009 Filed by the Clerk's office
4/16/2009 Referred to Housing Committee
4/22/2009 Advance and Do Pass, Debate
4/23/2009 Passed

View Attachments
FileTypeSizeDescription
090297.pdf Authenticated 122K authenticated
approp admin.xls Advertise Notice 323K approp & admin
NSP FactSheet.xls Fact Sheet 116K fact sheet
NSP Fiscal Note.xls Fiscal Note 59K Fiscal Note

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ORDINANCE NO. 090297

 

Authorizing acceptance of a $7,323,734.00 grant from the U.S. Department of Housing and Urban Development (HUD) through the Neighborhood Stabilization Program to assist the City in the acquisition and redevelopment of foreclosed and abandoned properties; authorizing execution of a contract in the amount of $6,861,361.00 with the Economic Development Corporation of Kansas City, Missouri (EDC) to provide land banking and special services to the City; renaming Fund No. 2510 to the Neighborhood Stabilization Grant Fund; estimating revenue in the amount of $7,323,734.00; increasing appropriations in the amount of $7,323,734.00 to the NSP accounts; and designating requisitioning authority.

 

WHEREAS, on July 30, 2008, the U.S. Congress approved the Housing and Economic Recovery Act of 2008 (HERA), to be administered by the U.S Department of Housing and Urban Development (HUD) and appropriated approximately $3.92 billion of emergency assistance for redevelopment of abandoned and foreclosed homes, of which the Citys allocation is $7,323,734.00; and

 

WHEREAS, Title III of HERA established the Neighborhood Stabilization Program (NSP) which requires that this funding be made available to cities on a formula basis as Community Development Block Grant funds are provided; and

 

WHEREAS, the City issued Request for Proposals/Qualifications No. EV000673 from entities interested in being named the Neighborhood Stabilization Program Land Bank and Special Services Subrecipient; and

 

WHEREAS, EDC submitted a proposal to the City to provide both the services needed to administer the land bank program as well as the special services component of the Citys NSP Program; and

 

WHEREAS, the Citys NSP Program has been deemed by HUD to be eligible to be funded with NSP funds; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the Acting Director of Housing and Community Development is hereby authorized to accept a grant from the U.S. Department of Housing and Urban Development in the amount of $7,323,734.00 to provide funding in support of the Neighborhood Stabilization Program to assist the City in the acquisition and redevelopment of foreclosed and abandoned properties. A copy of the Grant Agreement Award No. B-08-MN-29-0001 is on file in the office of the Acting Director of Housing and Community Development and is incorporated herein by reference.


Section 2. That the Fund No. 2510, is hereby renamed the Neighborhood Stabilization Grant Fund in the financial records of the City.

Section 3. That revenue in the following account of the Neighborhood Stabilization Grant Fund is hereby estimated in the following amount:

10-2510-550001-477155 NSP Grant $7,323,734.00

Section 4. That the appropriation in the following account of the Neighborhood Stabilization Grant Fund is hereby increased by the following amount:

10-2510-555200-A NSP Grant $ 462,373.00

10-2510-555200-B NSP Grant 6,861,361.00

TOTAL $7,323,734.00

Section 5. That the Acting Director of Housing and Community Development is designated as requisitioning authority for Account No. 10-2510-555200.

Section 6. That the Acting Director of Housing and Community Development is hereby authorized to enter into a $6,861,361.00 contract with the Economic Development Corporation of Kansas City, Missouri to provide land banking and special services to the City. A copy of the contract, in substantial form, is on file in the office of the Acting Director of Housing and Community Development and is incorporated herein by reference.

______________________________________

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:

 

_____________________________

Nicole Rowlette

Assistant City Attorney