COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 210938
title
Estimating and appropriating $1,720,963.00 in the Community Development Block Grant Fund; estimating and appropriating $3,735,922.00 in the HOME Investment Fund; and authorizing the Housing and Community Development Department to execute contracts.
body
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That revenue in the amount of $1,720,963.00 is estimated in the following account:
22-2600-570001-477150-G57CDBG19 Community Block Grant $1,720,963.00
Section 2. That the sum of $1,720,963.00 is hereby appropriated from the Unappropriated Fund Balance from the following accounts:
22-2600-575311-B-G57CDBG19 Neighborhood Revitalization $1,438,963.00
22-2600-575326-B-G57CDBG19 Housing Services 200,000.00
22-2600-575324-B-G57CDBG19 Public Facility 82,000.00
TOTAL $1,720,963.00
Section 3. That revenue in the amount of $3,735,922.00 is estimated in the following accounts of the HOME Investment Partnerships Program Fund.
22-2940-570001-476050-G57HOME18 Grant Revenues $ 300,000.00
22-2940-570001-476050-G57HOME19 Grant Revenues 1,140,000.00
22-2940-570001-476050-G57HOME20 Grant Revenues 2,295,922.00
TOTAL $3,735,922.00
Section 4. That the sum of $3,735,922.00 is hereby appropriated from the Unappropriated Fund Balance in the following accounts in the HOME Investment Partnerships Program Fund
22-2940-575326-B-G57HOME18 Housing Services $ 300,000.00
22-2940-575326-B-G57HOME19 Housing Services 1,140,000.00
22-2940-575326-B-G57HOME20 Housing Services 2,295,922.00
TOTAL $3,735,922.00
Section 5. That the Director of the Housing and Community Development Department is hereby authorized to expend up to $300,000.00 from funds appropriated to the HOME Investment Fund in Account No. 22-2940-575326-B-G57HOME18 to satisfy the costs of the following multifamily housing construction contract(s):
Urban Building Solutions $ 300,000.00
Section 6. That the Director of the Housing and Community Development Department is hereby authorized to expend up to $1,140,000.00 from funds appropriated to the HOME Investment Fund in Account No. 22-2940-575326-B-G57HOME19 to satisfy the costs of the following multifamily housing construction contracts:
Historic Oglesby Hotel Apartments (3930 Troost, LLC) $ 250,000.00
27th Street Townhomes - Phase III 890,000.00
TOTAL $1,140,000.00
Section 7. That the Director of the Housing and Community Development Department is hereby authorized to expend up to $2,295,922.00 from funds appropriated from the Unappropriated Fund Balance to the following accounts in the HOME Investment Partnership Program Fund 22-2940-575326-B-G57HOME20 to satisfy the costs of the following multifamily housing construction contracts:
Villa Del Sol $ 670,000.00
Rochester Apartments 525,922.00
Prospect Summit 500,000.00
Parade Park 600,000.00
TOTAL $2,295,922.00
end
______________________________________________________
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.
____________________________ Tammy L. Queen
Director of Finance
Approved as to form and legality:
______________________________
Joseph A. Guarino
Assistant City Attorney