ORDINANCE NO. 260480
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Sponsor: City Manager’s Office
Authorizing the City Manager to execute a contract with the Economic Development Corporation of Kansas City, Missouri, in an amount not to exceed $5,362,000.00 for the purpose of providing funds for certain development and redevelopment activities, and administering the implementation of the ProspectUS Equitable Transit Oriented Development Strategic Plan (“ProspectUs Plan”); and authorizing expenditure from previously appropriated funds.
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WHEREAS, on behalf of the City, the Economic Development Corporation of Kansas City, Missouri ("EDC") engages in comprehensive business retention and recruitment efforts and proactive redevelopment efforts designed to attract businesses and jobs to Kansas City, to retain its existing business and employment base, and to enhance the economic productivity of real property within the City; and
WHEREAS, the Mayor and Council desire that the EDC support and coordinate the activities of, and provide professional staff for, all of the economic development and redevelopment agencies operating on behalf of the City; and
WHEREAS, the City and EDC acknowledge that each of the Economic Development Agencies are part of the City's overall economic development efforts and contemplate that EDC will enter into agreements, as appropriate, with each of the Economic Development Agencies specifying the level of support and services to be provided by EDC; and
WHEREAS, EDC supports the adoption and implementation of AdvanceKC, which serves as a guide for long-term economic development investments and the targeted use of incentives; and
WHEREAS, Resolution No. 250413 directed the City Manager to develop a strategy for implementation of the ProspectUs Plan, negotiate with the EDC for the creation of an advisory group, and negotiate with the EDC to include in the 2026-2027 EDC annual contract funding for a ProspectUs Plan Manager utilizing funding from positions created in the Fiscal Year 2025-2026 Adopted Budget; and
WHEREAS, the City has appropriated the sum of $5,362,224.00 to support economic development activities; and
WHEREAS, the objectives to be achieved are best achieved through a long-term commitment to the same; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That the City Manager or designee is hereby authorized to execute a contract in the amount of $5,362,000.00 with the Economic Development Corporation of Kansas City, Missouri for the purposes contemplated herein from fund previously appropriated in Account 27-2215-101701-B and Account 27-2200-10701-B. A copy of the contract in substantial form is attached hereto.
Section 2. The City Manager or designee is hereby designated as requisitioning authority for Account 27-2215-101701 and Account 27-2200-101701.
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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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Brenton Siverly
Director of Finance
Approved as to form:
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Emalea Kohler
Associate City Attorney