ORDINANCE NO. 260975
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Sponsor(s): Councilmembers Crispin Rea, Melissa Patterson Hazley, and Mayor Quinton Lucas
Authorizing the City Manager to negotiate and execute a cooperative agreement with Belleview Townhomes, LLC, and its lending partner Lead Bank to assist in the completion of the 29 Belle Townhome Project located at 2909 Belleview Avenue; appropriating $130,000.00 from the Shared Success Fund for the purpose of the cooperative agreement; waiving the contract solicitation and Article IV, Chapter 3, requirements otherwise set out in the Code of Ordinances as to the agreement authorized in this Ordinance; directing the City Manager to explore implementation of a public solicitation process if a new developer is necessary; and recognizing this ordinance as having an accelerated effective date.
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WHEREAS, Belleview Townhomes, LLC (the “Developer”), an affiliate of the Hispanic Economic Development Corporation, is developing the 29 Belle Townhome Project, an affordable housing development project at 2909 Belleview Avenue, creating nine new affordable townhomes for eligible homebuyers (the “Project”); and
WHEREAS, the Developer has identified a need for additional funding for the Project; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That the City Manager is hereby authorized to negotiate and execute a cooperative agreement with Belleview Townhomes, LLC and Lead Bank to provide City assistance in an amount not to exceed $130,000.00 toward completion of the 29 Belle Townhome Project located at 2909 Belleview Avenue.
Section 2. That the sum of $130,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Shared Success Fund, Fund No. 2590, to the following account:
27-2590-107522-B-10_29BELLETWNHME 29 Belle Townhome Project $130,000.00
Section 3. That the City Manager is hereby designated as requisitioning authority for the account identified in Section 2 of this ordinance.
Section 4. That the City Council affirms, pursuant to Section 3-35(b)(5) and Section 3-437(b), Code of Ordinances, that it is in the best interests of the City to waive the contract solicitation requirements of Article I, Chapter 3 and the Article IV, Chapter 3 contracting requirements otherwise set out in the Code of Ordinances as to the cooperative agreement authorized herein.
Section 5. That if the City of Kansas City and Lead Bank determine that the identification of a new developer is needed, the City Manager shall explore implementation of a public solicitation process according to City standard procurement practices.
Section 6. That this ordinance relating to the appropriation of money is recognized as an ordinance with an accelerated effective date as provided by Section 503(a)(3)(C) of the City Charter and shall take effect in accordance with Section 503, City Charter.
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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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Samuel Miller
Associate City Attorney