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Legislation #: 980425 Introduction Date: 4/16/1998
Type: Ordinance Effective Date: 5/3/1998
Sponsor: None
Title: Repealing Section 5 of Second Committee Substitute for Ordinance No. 971473, As Amended, passed November 11, 1997; authorizing execution of a $250,000.00 Cooperative Agreement with the Tax Increment Financing Commission of Kansas City, Missouri, for the purpose of providing funds for lighting and other improvements for the Metro Shopping Center area; and directing the City Clerk to file certain documents with the appropriate offices.

Legislation History
DateMinutesDescription
4/16/1998

Prepare to Introduce

4/16/1998

Referred Planning, Zoning & Economic Development Committee

4/22/1998

Advance and Do Pass

4/23/1998

Passed


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ORDINANCE NO. 980425

 

Repealing Section 5 of Second Committee Substitute for Ordinance No. 971473, As Amended, passed November 11, 1997; authorizing execution of a $250,000.00 Cooperative Agreement with the Tax Increment Financing Commission of Kansas City, Missouri, for the purpose of providing funds for lighting and other improvements for the Metro Shopping Center area; 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That Section 5 of Second Committee Substitute for Ordinance No. 971473, As Amended, passed November 11, 1997, is hereby repealed and the authority to execute the contract referred to in Section 5 is hereby rescinded.

 

Section 2. That the Director of the Department of City Development is hereby authorized to execute a Cooperative Agreement with the Tax Increment Financing Commission of Kansas City, Missouri, in an amount not to exceed $250,000.00, for the purpose of providing funds for lighting and other improvements for the Metro Shopping Center area to be paid from funds previously appropriated to Account Nos. 98-100-064-7530-T, LUT5 - Economic Development ($75,000.00) and 98-309-064-2000-B, Economic Development ($175,000.00). A copy of said Cooperative Agreement, in substantial form, is attached hereto and is hereby approved.

 

Section 3. 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 with the Director of Records for 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