Last Published: 4/14/2009 7:26:06 AM
KANSAS CITY COUNCIL RECORD
 
Upon Roll Call the following members were present:
Present:5 - DEB HERMANN, JAN MARCASON, SHARON SANDERS BROOKS, BETH GOTTSTEIN, RUSS JOHNSON
 

090151
Approving and authorizing settlement of a lawsuit entitled Charles Rice v. City of Kansas City, Missouri, Case No. 0716-CV03440.


FINANCE AND AUDIT COMMITTEE recommends "ADVANCE AND DO PASS, DEBATE"
This item was discussed in closed session then voted on.
Ayes: 3 - Hermann, Sanders Brooks, Gottstein
Nays: 0

090163
(Sub.)
Authorizing the Director of Finance to make mid-year adjustments to certain TIF and Super-TIF accounts including appropriating Unappropriated Fund Balance in the General Fund, in the amount of $2,047,767.00, and Capital Improvement Sales Tax Fund, in the amount of $186,336.00; increasing appropriations to redirect certain taxes to the North Kansas City School District; reallocating and reducing appropriations to transfer from the PMT, KCATA, Fire, Public Safety, C & T funds to the TIF Special Allocation Fund and various STIF funds; adjusting appropriations in the TIF Special Allocation Fund and various STIF funds; and appropriating $990,000.00 from the Unappropriated Fund Balance of the Convention and Tourism Fund, No. 2360, for operating expenses at Kemper Arena and the American Royal Center.


FINANCE AND AUDIT COMMITTEE recommends "ADVANCE AND DO PASS AS A COMMITTEE SUBSTITUTE, DEBATE"
Troy Schulte, Budget Officer, indicated that this was some more of the year end cleanup needed to help balance the books. The funds being transferred from various accounts would be used to help cover a shortfall for KC Live debt service. Capital Improvement funds would also be used to help offset the shortfall. Because of the infrastructure done in the district, Mr. Shulte explained that monies could be used to cover improvements to infrastructure. Councilman Johnson opposed the use of capital improvement funds to cover the debt service. He suggested finding other revenue sources.
Ayes: 3 - Hermann, Marcason, Gottstein
Nays: 2 - Sanders Brooks, Johnson

090166
RESOLUTION - Directing the City Manager to explore and assess all reasonable alternatives that would eliminate or reduce the subsidy of annual operations for Kemper Arena, the American Royal Center Complex and related facilities; and directing the City Manager to report these alternatives within 60 days.


FINANCE AND AUDIT COMMITTEE recommends "IMMEDIATE ADOPTION"
Oscar McGaskey, Director of Convention and Entertainment, testified before the committee on this resolution. He stated that he was in favor of the resolution and that staff was currently working on solutions to find ways to eliminate the city subsidy to Kemper Arena. He thought that staff should be ready to present their findings in about a month. Councilwoman Hermann welcomed the chance to hear of alternative solutions and would make sure the item was placed back on the agenda for followup.
Ayes: 4 - Hermann, Marcason, Gottstein, Johnson
Nays: 0

090168
Authorizing the execution and delivery of a Cooperative Agreement among Kansas City, Missouri, Platte County, Missouri, the Tax Increment Financing Commission of Kansas City, Missouri and the Industrial Development Authority of Platte County, Missouri.


FINANCE AND AUDIT COMMITTEE recommends "ADVANCE AND DO PASS, DEBATE"
Dan Bagunu, Finance Department, stated that this was an annual appropriation for the payment of funds collected by the city through the KCI TIF plan.
Ayes: 5 - Hermann, Marcason, Sanders Brooks, Gottstein, Johnson
Nays: 0

990348
(Sub.)
Approving and designating Redevelopment Project B of the Savoy Hotel Tax Increment Financing Redevelopment Plan, as a Redevelopment Project, and adopting tax increment financing therein.


FINANCE AND AUDIT COMMITTEE recommends "ADVANCE AND DO PASS AS SECOND COMMITTEE SUBSTITUTE, DEBATE"
Missy Wilson, EDC, discussed this ordinance and companion ordinance 990349 together. These ordinances would activation project b & c of the Savoy Hotel TIF. These are considered pay as you go TIFs. A new developer has been found for the project and is ready to move forward as quickly as possible. Jerry Riffle, attorney for the developer, also spoke before the committee. There was discussion on whether the TIF Commission, the Kansas City School District and all other taxing jurisdictions were satisfied with the outcome of talks held with the developer with regard to disbursement of monies collected. The following people testified on these two ordinances: Kelvin Perry, TIF Commissioner representing the KC School District Chris Sally, Kansas City School District Ferr Neeman, Jackson County TIF Commission Chase Simmons, Attorney representing the potential developer.
Ayes: 3 - Hermann, Marcason, Johnson
Nays: 2 - Sanders Brooks, Gottstein

990349
(Sub.)
Approving and designating Redevelopment Project C of the Savoy Hotel Tax Increment Financing Redevelopment Plan, as a Redevelopment Project, and adopting tax increment financing therein.


FINANCE AND AUDIT COMMITTEE recommends "ADVANCE AND DO PASS AS SECOND COMMITTEE SUBSTITUTE, DEBATE"
This Ordinance was discussed with Ordinance No. 990348.
Ayes: 3 - Hermann, Marcason, Johnson
Nays: 2 - Sanders Brooks, Gottstein

090058
(Sub.)
RESOLUTION - Directing the City Manager to maintain the hiring freeze and other existing cost containment measures, limit certain discretionary expenditures, present recommendations to remediate the potential shortfall following the third quarter analysis and immediately begin the reduction in force proposed in the submitted budget.


FINANCE AND AUDIT COMMITTEE recommends "HOLD ON AGENDA (3/11/2009)"

090130
Approving a Development Assistance Agreement between Citadel Plaza, LLC and Block & Company, Inc. in connection with the Southtown Urban Life Development Tax Increment Financing Plan; approving the form of First Amendment to Cooperative Agreement to be executed by the City, the Tax Increment Financing Commission of Kansas City, Missouri, and Citadel Plaza LLC, and authorizing the City Manager to execute the First Amendment to Cooperative Agreement in such form; and determining that all requirements prior to the advance of City funds have been satisfied.


FINANCE AND AUDIT COMMITTEE recommends "HOLD OFF AGENDA"
 
 There will be a continuation of the presentation by the Finance Department and Budget Office regarding the state of the budget to date, including Departmental Detail. This item was held one week. 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; and/or (4) sealed bids or proposals, pursuant to subsection 12. The committee went into closed session to discuss a legal matter.