ORDINANCE NO. 110375

Authorizing acceptance of a $1,823,888.00 grant from the U.S. Department of Housing and Urban Development (HUD) through the Neighborhood Stabilization Program 3 (NSP 3) to assist the City in the acquisition and redevelopment of foreclosed and abandoned properties; authorizing execution of a contract in the amount of $1,686,500.00 with the Economic Development Corporation of Kansas City, Missouri (EDC) to provide administrative and special services to the City; estimating additional revenue in the amount of $1,823,888.00 in the Neighborhood Stabilization Grant Fund; and increasing appropriations in the amount of $1,823,888.00 to the NSP accounts.

WHEREAS, on July 21, 2010, the U.S. Congress enacted Public Law 111-203, the Wall Street Reform and Consumer Protection Act of 2010, which through Section 1497 allocated additional funds for the third round of the Neighborhood Stabilization Program previously established by Section 2301(b) of the Housing and Economic Recovery Act of 2008; and

WHEREAS, these funds are to be administered by HUD and the City’s allocation of funding based upon a predetermined formula is $1,823,888.00; and

WHEREAS, the City contracted with the EDC for the implementation of program activities under Neighborhood Stabilization Program 1 following the issuance of a Request for Proposals (No. EV000673); and

WHEREAS, contract activities and services provided under NSP 1 have been carried out in an efficient and effective manner and it is therefore advantageous for the City to continue the contractual relationship with EDC for the implementation of program activities under NSP 3; and

WHEREAS, the City’s NSP 3 application 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 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 $1,823,888.00 to provide funding in support of the Neighborhood Stabilization Program 3 to assist the City in the acquisition and redevelopment of foreclosed and abandoned properties.

Section 2. That additional revenue in the following account of the Neighborhood Stabilization Grant Fund is hereby estimated in the following amount:

12-2510-550001-477155 NSP Grant $1,823,888.00

Section 3. That the appropriation in the following account of the Neighborhood Stabilization Grant Fund is hereby increased by the following amount:

12-2510-555200-A-G55NSP3 NSP Grant $ 182,388.00

12-2510-555200-B-G55NSP3 NSP Grant 1,641,500.00

TOTAL $1,823,888.00

Section 4. That the Director of Housing and Community Development is hereby authorized to enter into a $1,686,500.00 contract with the Economic Development Corporation of Kansas City, Missouri, to provide administrative and special services to the City. A copy of the contract, in substantial form, is on file in the office of the 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.

Randall J. Landes

Director of Finance

Approved as to form and legality:

Nicole Rowlette

Assistant City Attorney