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Legislation #: 030602 Introduction Date: 5/15/2003
Type: Ordinance Effective Date: 6/1/2003
Sponsor: None
Title: Authorizing execution of a $10,782,552.00 contract with the Housing and Economic Development Financial Corporation for funds for administrative costs, support services, single family housing, multi-family housing, special housing projects and public facilities improvements.

Legislation History
DateMinutesDescription
5/15/2003

Prepare to Introduce

5/15/2003

Referred Neighborhood Development and Housing Committee

5/21/2003

Advance and Do Pass

5/22/2003

Passed


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ORDINANCE NO. 030602

 

Authorizing execution of a $10,782,552.00 contract with the Housing and Economic Development Financial Corporation for funds for administrative costs, support services, single family housing, multi-family housing, special housing projects and public facilities improvements.

 

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Director of the Department of Housing and Community Development is hereby authorized to execute a contract with the Housing and Economic Development Financial Corporation, in the amount of $10,782,552.00, for the purpose of providing funds for administrative costs and support services, the 2003 HOME Investment Partnership Program, Single Family New Construction Program, Purchase Rehabilitation Program, Multifamily Housing Program, Property Acquisition and Maintenance Program, Economic Development, Special Housing Projects, Home Ownership Counseling Services through Family Resource Center and Public Facilities Improvements to be paid from funds previously appropriated to Account Nos. 04-294-055-2136-B, Homeownership Program ($4,640,602.00), 04-263-055-2175-B, Affordable Housing Development ($391,950.00), 04-264-055-2219-B, Vineyard & Holy Temple Homesite ($100,000.00), 04-264-055-2227-B, Family Resource Center ($100,000.00), 04-264-055-7318-T, United Inner City Services ($300,000.00), 04-264-055-7331-T, ReStart ($250,000.00), 04-264-055-7332-T, Operation Breakthrough ($500,000.00), 04-264-055-7333-T, Facility Rehabilitation ($150,000.00), 04-264-055-2115-B, Target Housing Improvement ($350,000.00) and authorizing expenditure of $4,000,000.00 of loan repayments from the Rehabilitation Loan Program, the Housing Development Assistance Program and the Second Mortgage Loan Program, the Home Ownership Program, Home Investment Partnership Program, Hope III Program and Maintenance Reserve Program. A copy of the contract, in substantial form, is attached hereto and is hereby approved.

 

_____________________________________________

 

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