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Legislation #: 110359 Introduction Date: 5/5/2011
Type: Ordinance Effective Date: none
Sponsor: None
Title: Accepting a grant from the Federal Home Loan Bank, Affordable Housing Program, in the amount of $500,000.00; authorizing the Director of Housing and Community Development to enter into an agreement with the Federal Home Loan Bank; estimating revenue in the amount of $500,000.00 and appropriating it to the Federal Home Loan Bank account of the Special Housing Rehabilitation Fund; and designating requisitioning authority.

Legislation History
DateMinutesDescription
5/4/2011 Filed by the Clerk's office
5/5/2011 Referred to Plans, Zoning & Economic Development Committee
5/11/2011 Advance and Do Pass, Debate
5/12/2011 Passed

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110359.pdf Authenticated 32K AUTHENTICATED
http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=110359 Video Link 0K http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=110359
FHLB10 Fact Sheet[1].docx Fact Sheet 24K Fact Sheet
Approp Admin_FHLB10(1).xlsx Other 29K Admin and Approp
Fiscal_Note_FHLB10.xlsx Fiscal Note 30K FHLB Fiscal Note

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ORDINANCE NO. 110359

 

Accepting a grant from the Federal Home Loan Bank, Affordable Housing Program, in the amount of $500,000.00; authorizing the Director of Housing and Community Development to enter into an agreement with the Federal Home Loan Bank; estimating revenue in the amount of $500,000.00 and appropriating it to the Federal Home Loan Bank account of the Special Housing Rehabilitation Fund; and designating requisitioning authority.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Director of Housing and Community Development Department is authorized to accept a grant in the amount of $500,000.00 from the Federal Home Loan Bank, Affordable Housing Program, for the purpose of providing repairs to homes of low income homeowners in three targeted neighborhoods, and to enter into an agreement for the expenditure of the funds.

Section 2. That the revenue in the following account of the Special Housing Rehabilitation Fund is estimated in the following amount:

 

12-6380-550001-477605 Federal Home Loan Bank $500,000.00

Section 3. That $500,000.00 is appropriated from the Unappropriated Fund Balance of the Special Housing Rehabilitation Fund to the following account in the Special Housing Rehabilitation Fund:

 

12-6380-555310-B-G55FHLB10 Federal Home Loan Bank $500,000.00

 

Section 4. That the Director of Housing and Community Development is hereby designated as requisitioning authority for Account No. 12-6380-555310.

 

_____________________________________________

 

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