RESOLUTION NO. 960890
Directing the City Manager to identify funds in an
additional amount of $350,000.00 for the Parker Square Apartment Project,
generally bounded by Paseo Boulevard to Woodland Avenue, 9th Street to 12th Street,
and to report to Council.
WHEREAS, pursuant to the Multi-Family Housing
Contract with the Housing Development Corporation and Information Center, the
Director of the Department of Housing and Community Development issued, on
January 30, 1996, a reservation of funds to the Parker Square Apartment Project
in the amount of $403,850.00; and
WHEREAS, the Parker Square Apartment Project,
generally bounded by Paseo Boulevard to Woodland Avenue, 9th Street to 12th
Street, includes the rehabilitation of 204 units of housing at a minimum cost
of $3,965,720.00; and
WHEREAS, the Council, through the passage of
Ordinance No. 960568, As Amended, passed on May 30, 1996, amended the
Multi-Family Housing Contract with HDCIC by adding additional funds in the
amount of $1,250,000.00 for multi-family housing projects; and
WHEREAS, there is a need for additional funds in the
amount of $350,000.00 to complete the rehabilitation of the Parker Square
Apartments; and
WHEREAS, the Council desires that the City Manager
identify said funds in which to complete the Project; NOW, THEREFORE,
BE IT RESOLVED BY THE COUNCIL OF KANSAS CITY:
That the City Manager is hereby directed to identify
funds in the additional amount of $350,000.00 for the completion of the
rehabilitation of the Parker Square Apartments, generally bounded by Paseo
Boulevard to Woodland Avenue, 9th Street to 12th Street, and to report to
Council within 30 days from the date of the adoption of this Resolution.
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