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Legislation #: 180544 Introduction Date: 7/26/2018
Type: Ordinance Effective Date: none
Sponsor: MAYOR LUCAS
Title: Authorizing a Third Amendment to a cooperative agreement between the City and the Economic Development Corporation concerning the River Market Loan Program.

Legislation History
DateMinutesDescription
7/25/2018 Filed by the Clerk's office
7/26/2018 Referred to Planning, Zoning & Economic Development Committee
8/1/2018 Advance and Do Pass, Debate
8/2/2018 Passed

View Attachments
FileTypeSizeDescription
180544.pdf Authenticated 36K Authentication
fact sheet.pdf Fact Sheet 153K fact sheet
180544 cooperative agreement.pdf Other 433K Cooperative Agreement

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ORDINANCE NO. 180544

 

Authorizing a Third Amendment to a cooperative agreement between the City and the Economic Development Corporation concerning the River Market Loan Program.

 

WHEREAS, the City Council passed Ordinance No. 970225 on March 20, 1997, which authorized execution of a cooperative agreement with the Economic Development Corporation (“EDC”), wherein EDC would administer the River Market Loan Program; and

 

WHEREAS, the City Council subsequently passed Ordinance Nos. 110762 and 120402, to authorize two prior amendments to the cooperative agreement; and

 

WHEREAS, the City Council desires to further amend the cooperative agreement to expand the geographical boundaries of the initial River Market Loan Program such that it includes areas located in severely distressed census tracts; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the City Manager is authorized to execute a third amendment to a cooperative agreement with the Economic Development Corporation on the River Market Loan Program. The amendment in approved in substantial form as attached hereto.

 

_____________________________________________

 

Approved as to form and legality:

 

 

______________________________

Brian T. Rabineau

Assistant City Attorney