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Legislation #: 130563 Introduction Date: 7/18/2013
Type: Ordinance Effective Date: none
Sponsor: None
Title: Authorizing the Director of the City Development Department to execute an agreement with the Jazz District Redevelopment Corporation (JDRC) to purchase the Boone Theatre (Armory) Building located on the southeast corner of 18th and Highland; appropriating $140,000.00 for the purchase of this property; and recognizing emergency.

Legislation History
DateMinutesDescription
7/18/2013 Filed by the Clerk's office
7/18/2013 Referred to Finance, Governance & Ethics Committee
7/24/2013 Advance and Do Pass, Consent
7/25/2013 Passed

View Attachments
FileTypeSizeDescription
130563.pdf Authenticated 139K Authenticated
130563 admin-approp.pdf Other 14K Admin and Approp
130563 Fiscal Note.pdf Fiscal Note 15K Fiscal Note
130563 Fact Sheet.pdf Fact Sheet 264K Fact Sheet

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ORDINANCE NO. 130563

 

Authorizing the Director of the City Development Department to execute an agreement with the Jazz District Redevelopment Corporation (JDRC) to purchase the Boone Theatre (Armory) Building located on the southeast corner of 18th and Highland; appropriating $140,000.00 for the purchase of this property; and recognizing emergency.

 

WHEREAS, the City and the Arts Council were the recipients of a $200,000.00 planning grant from the National Endowment for the Humanities; and

 

WHEREAS, this grant must be used to expand development opportunities related to the Arts in the 18th and Vine District; and

 

WHEREAS, it is proposed that the City acquire the Boone Theatre (Armory) building for $100,000.00 from the Jazz District Redevelopment Corp. (JDRC) to provide the local match for the grant; and

 

WHEREAS, up to $40,000.00 will also be spent from the remaining 18th and Vine Section 108 funds to stabilize the building for reuse; and 

 

WHEREAS, the historic Boone Theatre will then be made available for redevelopment by an interested arts organization; and

WHEREAS, the City previously accepted a Section 108 Loan Guarantee from the U.S. Department of Housing and Urban Development for use in the 18th & Vine District; and

WHEREAS, the City has a balance of Section 108 funds available for the purchase of these properties; NOW, THEREFORE

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the Director of the City Development Department is hereby authorized to execute, on behalf of the City of Kansas City, Missouri, an agreement between JDRC and the City whereby the City will purchase the Boone Theatre (Armory) Building located on the southeast corner of 18th and Highland, all in Kansas City, Missouri, for the amount of $100,000.00.  

Section 2. That $140,000.00 is appropriated from the Unappropriated Fund Balance of the HUD Section 108 Loan Fund to the following account:

14-2540-642095-B Boone Theatre $140,000.00


Section 3. That the Director of City Development Department is designated as requisitioning authority for Account No. 14-2540-642095.

Section 4. That this ordinance is recognized as an emergency measure within the provisions of Section 503 of the City Charter in that it appropriates money, and shall take effect in accordance with that section.

_____________________________________________

 

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.

 

 

___________________________________

Randall J. Landes

Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Nicole Rowlette

Assistant City Attorney