ORDINANCE NO. 070894

Accepting supplemental funding from the U.S. Environmental Protection Agency to increase capitalization of the Kansas City brownfields revolving loan fund; estimating revenue in the amount of $500,000.00 in the General Fund; appropriating it to an account in the General Fund; and authorizing the Director of City Planning to enter into an amended cooperative agreement with the U.S. Environmental Protection Agency.

WHEREAS, the City accepted a Brownfields Cleanup Revolving Loan Fund (Brownfield RLF) grant in 2000 from the U.S. Environmental Protection Agency (EPA) in the amount of $500,000.00 and entered into EPA Cooperative Agreement No. BL-99791601 as authorized by Ordinance No. 001210; and

WHEREAS, the Brownfield RLF grant is an important source of low-interest, partially-forgivable loan capital that can be used to finance the cleanup of abandoned and underutilized properties to help create jobs and new economic opportunities for economically distressed communities in Kansas City; and

WHEREAS, the City in 2007 submitted to EPA an application for RLF Supplemental Funding in response to an invitation to all cooperative agreement recipients of RLF grants; 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 accept Supplemental RLF Funding from EPA in the amount of $500,000.00 and to enter into an amendment of EPA Cooperative Agreement No. BL-99791601 accordingly. 

Section 2. That revenue in the following account of the General Fund is hereby estimated in the following amount:

08-1000-645020-476722 EPA-Brownfield Revolving Loan $500,000.00

Section 3. That the sum of $500,000.00 is hereby appropriated from the Unappropriated Fund Balance of the General Fund to the following account in the General Fund:

08-1000-645020-B Brownfield Federal Grants $500,000.00

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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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Debra R. Hinsvark

Director of Finance

Approved as to form and legality:

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Matthew Gigliotti

Assistant City Attorney