ORDINANCE NO. 010648

Reducing an appropriation in the amount of $50,000.00 in the Special Project - CD2 account of the Capital Improvements Fund; appropriating it to the Washington Avenue Street Closure account; authorizing execution of a $50,000.00 Cooperative Agreement with the Tax Increment Financing Commission of Kansas City, Missouri, for the closure of Washington Street at its intersection with Valentine Avenue; designating requisitioning authority; 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 appropriation in the following account of the Capital Improvements Fund is hereby reduced by the following amount:

02-309-089-6201-T Special Project - CD2 $50,000.00

Section 2. That the sum of $50,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Capital Improvements Fund to the following account in the Capital Improvements Fund:

02-309-064-6215-T Washington Avenue Street Closure $50,000.00

Section 3. That the Director of the Department of City Development is hereby authorized to execute, on behalf of the City, a Cooperative Agreement with the Tax Increment Financing Commission of Kansas City, Missouri, in an amount not to exceed $50,000.00, for the closure of Washington Street at its intersection with Valentine Avenue to be paid from funds herein appropriated to Account No. 02-309-064-6215-T, Washington Avenue Street Closure. A copy of the Cooperative Agreement, in substantial form, is attached hereto and is hereby approved.

Section 4. That the Director of the Department of City Development is hereby designated as requisitioning authority for Account No. 02-309-064-6215.

Section 5. That the City Clerk is hereby directed to file a copy of this ordinance, together with a copy of the Cooperative Agreement, in the office of the Secretary of State of Missouri and in the office of 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