ORDINANCE NO. 930519
Authorizing acceptance of a HUD Section 108 Loan
Guarantee in the amount of $4,500,000.00 for the Warner/Miller Plaza
Development Project and execution of the contract to implement said Loan
Guarantee; estimating revenue in the amount of $4,500,000.00 in Account No.
254-055-7713; appropriating the sum of $4,500,000.00 to Account No.
254-055-2403; and designating requisitioning authority.
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That the Mayor, on behalf of the City of
Kansas City, is hereby authorized to accept a HUD Section 108 Loan Guarantee,
B-92-MC-29-0003, in the amount of $4,500,000.00 for the Warner/Miller Plaza
Development Project and to execute the contract with the U.S. Department of
Housing and Urban Development to implement the Loan Guarantee.
Section 2. That the revenue in the following
account of the Section 108 Loan Fund is hereby estimated in the following
254-055-7713 Warner Plaza - HUD Loan
Section 3. That the sum of $4,500,000.00 is hereby
appropriated from the Unappropriated Fund Balance of the Section 108 Loan Fund
to the following account in said fund:
254-055-2403B Warner Plaza - HUD Loan
Section 4. That the Director of Housing and
Community Development is hereby designated as requisitioning authority for
Account No. 254-055-2403.
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
Assistant City Attorney