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Last Published: 7/23/2010 8:12:15 AM
KANSAS CITY COUNCIL RECORD
 
Upon Roll Call the following members were present:
Present:5 - DEB HERMANN, MARK FUNKHOUSER, SHARON SANDERS BROOKS, BETH GOTTSTEIN, JOHN SHARP
 

100471
Approving and authorizing settlement of a lawsuit entitled Tom Sloan, et al. v. City of Kansas City, Missouri, Case No. 0916-CV25237.


FINANCE AND AUDIT COMMITTEE recommends "ADVANCE AND DO PASS, DEBATE"
This item was discussed in closed session then voted on.
Ayes: 5 - Hermann, Funkhouser, Sanders Brooks, Gottstein, Sharp
Nays: 0

100473
Approving and authorizing settlement of a claim by Bonnie and William White, Claim No. T0910-1478.


FINANCE AND AUDIT COMMITTEE recommends "ADVANCE AND DO PASS, DEBATE"
This item was discussed in closed session then voted on.
Ayes: 5 - Hermann, Funkhouser, Sanders Brooks, Gottstein, Sharp
Nays: 0

100476
Accepting the recommendations of the Tax Increment Financing Commission as to the Third Amended Universal Floodwater Detention Tax Increment Financing Plan; approving the Third Amended Universal Floodwater Detention Tax Increment Financing Plan; designating an expanded redevelopment area and authorizing additional projects.


FINANCE AND AUDIT COMMITTEE recommends "HOLD ON AGENDA (6/16/2010)"
David Macourbrie, EDC, testified on this item. The ordinance modifies the legal description of the redevelopment area, changes the description of improvements, modifies the budget of development cost and changes the development schedule. Mayor Funkhouser asked that this item be held one week to allow his staff to gather more information on this area plan. This item was held one week.

100480
Terminating the Promissory Note, dated December 4, 2009 between the City of Kansas City, Missouri (“City”) and J.E. Dunn Construction Group Inc. (“J.E. Dunn”); authorizing the execution of a 501c(3) tax-exempt interest note in the amount of $6,638,000.00 and a taxable interest note of $4,032,754.00 between the City and J.E. Dunn; estimating lease proceeds in the amount of $696,136.00 from the lease of property to Swope Community Builders (“Swope”) for the current fiscal year; estimating debt service in the amount of $696,136.00; and recognizing an emergency.


FINANCE AND AUDIT COMMITTEE recommends "ADVANCE AND DO PASS, DEBATE"
Tammy Queen, City Treasurer, explained that the ordinance terminated the agreement note between the City of Kansas City, Mo. and J. E. Dunn Construction pertaining to the East Village Redevelopment Plan. The agreement would pay interest to J. E. Dunn on a tax exempt basis. After a review of the agreement it was determined that part of the agreement should be subject to tax. The ordinance terminates the one agreement and replaces it with two. One agreement will be tax exempt while the other is taxable.
Ayes: 5 - Hermann, Funkhouser, Sanders Brooks, Gottstein, Sharp
Nays: 0

001592
(Sub.)
Approving and designating Project Area 4 of the Parvin Road Corridor Tax Increment Financing Plan as a Redevelopment Project and adopting tax increment financing therein.


FINANCE AND AUDIT COMMITTEE recommends "DO PASS AS A COMMITTEE SUBSTITUTE"
Kellee Wood, EDC, continued her testimony of the TIF plan from the previous week. Ora Reynolds, President of Hunt Midwest Real Estate, presented information to the committee regarding the issue of interest rates for the project. (Handout regarding how the interest funds would be spent is on file in the Office of the City Clerk.) Ms. Reynolds stated that the project was a Pay-As-You-Go TIF so the company only makes money on what sales. Money is only spent when needed. TIF funds are reimbursed when there is enough money to do so. If there is not enough money collected, then Hunt Midwest covers the costs. Clayton Holder, Hunt Midwest, stated that this was the final project of the TIF. (An aerial photo of the redevelopment area was presented to the committee and is on file in the Office of the City Clerk.) There was a brief discussion on the number of jobs created by the projects to this area.
Ayes: 5 - Hermann, Funkhouser, Sanders Brooks, Gottstein, Sharp
Nays: 0

100322
RESOLUTION - Expressing Council’s Interest in Creation of an Office of School Support and Public Engagement.


FINANCE AND AUDIT COMMITTEE recommends "HOLD ON AGENDA (7/7/2010)"

100404
(Sub.)
Repealing Section 2-1466, Code of Ordinances, entitled “Missouri statewide court automation program surcharge” reflecting the City’s withdrawal from its attempt to utilize the Office of State Courts Administrator to provide a modern management system to the municipal court; and authorizing termination of the Intergovernmental Agreement between the Office of State Courts Administrator, the Kansas City Municipal Division of the Circuit Court and the City of Kansas City, Missouri, dated April 30, 2006. 


FINANCE AND AUDIT COMMITTEE recommends "HOLD ON AGENDA (6/23/2010)"
 
 There may be general discussion(s) on current Finance and Audit Committee issues. Pursuant to the following subsections of Section 610.021 of the Revised Statutes of Missouri, there may be a closed session to discuss: (1) legal matters, litigation, or privileged communications with attorneys, pursuant to subsection 1; (2) real estate, pursuant to subsection 2; (3) personnel, pursuant to subsection 3 and 13; (4) sealed bids or proposals, pursuant to subsection 12; and/or (5) negotiations with employee groups, pursuant to subsection 9.