ORDINANCE NO. 240619

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Sponsor: Director of Housing and Community Development Department

Authorizing the CCED Board to request re-appropriation of funds in the amount of $422,354.00 from the Central City Sales Tax Fund-Projects into the Central City Sales Tax Fund to claw back funds from withdrawn CCED project.

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WHEREAS, Committee Substitute for Ordinance No. 220388 appropriated $422,354.00 from Unappropriated Fund Balance of the Central City Sales Tax Fund to the Central City Sales Tax Fund-Projects for CCED Projects awarded to CELT Real Estate Holdings, LLC, to rehabilitate an existing structure for the Thirty-Eighth Street Studio & Business Incubator and five residential houses; and

WHEREAS, the CCED Board would like to re-appropriate these unused funds back into the Central City Sales Tax Fund so the funds may be used for future awards; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the appropriation in the following account of the Central City Economic Development Sales Tax Fund, Fund No. 2200, is hereby reduced by the following amounts:

25-2200-555998-B-57CELT CELT $422,354.00

Section 2. That the sum of $422,354.00 is hereby appropriated from the Unappropriated Fund Balance of the Central City Economic Development Sales Tax Fund, Fund No. 2200, to the following account:

25-2200- 555998-B-55BUDGET Housing Budget Integration $422,354.00

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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.


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Tammy L. Queen
Director of Finance

Approved as to fo...

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