ORDINANCE NO. 230542

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Sponsor: Director of Housing and Community Development Department
Estimating revenue and appropriating funds in the amount of $19,114.71 from 2015 HOME funding and $228,678.12 from 2016 HOME funding to the Home Investment Fund (HOME) to provide funding for projects that meet the HOME Grant requirements; and recognizing this ordinance as having an accelerated effective date.

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WHEREAS the City of Kansas City is required by the Charter to approve spending and authorize contract spending for the HOME Grant program; and

WHEREAS approval from Council is needed to reflect the correct budget amount in the HOME Grant program so the funds provided may be spent on worthy and important projects, such as assisting individuals and families to quickly regain stability in permanent housing after experiencing a housing crisis or homelessness; and

WHEREAS HOME funding from 2015 and 2016 remains unspent and this reprograming transfer will provide much needed funding for HOME projects in 2023-2024; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That revenue is estimated to the following account in the following amount:

24-2940-550001-476050-G55HOME HUD Grants $247,792.83

Section 2. That the sum of $247,792.83 is hereby appropriated from the Unappropriated Fund Balance of the HOME Investment Fund in the following accounts:

24-2940-555311-B-G55HOME Neighborhood Revitalization $ 19,114.71
24-2940-555311-B-G55HOME Neighborhood Revitalization 228,678.12
TOTAL $247,792.83

Section 3. That the Director of Housing and Community Development Department is hereby designated the requisitioning authority for Account No. 24-2940-555311-G55HOME.

Section 4. That this ordinance is recognized as having and accelerated effective date within the provisions of Section 503 of the City Charter in that it appropriates money...

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