ORDINANCE NO. 260951
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Sponsor: Director of City Planning and Development Department
Authorizing the Director of City Planning and Development to execute the First Amendment to Loan Agreement, First Amendment to Deed of Trust, and First Amendment to Promissory Note with Port Authority of Kansas City, Missouri for a loan in an amount not to exceed $2,541,318.00 for environmental remediation activities; and authorizing the Director of City Planning and Development to expend the sum of up to $242,103.00 from previously appropriated funds.
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WHEREAS, on August 21, 2025, by Ordinance No. 250655, as amended, and subject to certain enumerated conditions that were subsequently met, Council authorized an agreement with Port Authority of Kansas City, Missouri (“Port KC”) for a loan from the Kansas City Brownfields Revolving Loan Fund (RLF) in the amount of $2,541,318.00 to remediate hazardous substances and perform other related work necessary for the abatement and demolition of structures at the Parade Park Homes site, consisting of eight parcels located at 1501, 1534, 1600 and 1726 Euclid Avenue; 1510, 1519 Garfield Avenue; 1601 Woodland Avenue; and 1700 Michigan Avenue, Kansas City, Missouri (the "Parade Park Site") (collectively, the "RLF Loan"); and
WHEREAS, by the same Ordinance, Council further authorized that the RLF Loan agreement contain a provision allowing up to $500,000.00 of the loan principle to be forgiven subject to certain enumerated conditions;
WHEREAS, on November 21, 2025, an agreement for the RLF Loan concerning the Parade Park Site, excluding certain properties then subject to on-going review by the U.S. Department of Housing and Urban Development (HUD) for Section 202 senior housing funding (the “202 Property”) and not including provisions for the forgiveness of loan principle, in the amount of $2,535,215.00, and related agreements, were entered into with Port KC; and,
WHEREAS, the parties to the RLF Loan desire to amend the RLF Loan agreement to include the 202 Property, include provisions for the forgiveness of loan principle as authorized by Ordinance No. 250655, as amended, and increase the agreement by $242,103.00 to a new total amount of $2,777,318.00 to address costs associated with the abatement of structures located on the 202 Property and increased abatement costs due to multiple fires at the Parade Park Site, and to amend related agreements as necessary; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That the Director of City Planning and Development is authorized to execute the First Amendment to Loan Agreement, First Amendment to Deed of Trust, and First Amendment to Promissory Note in the amount not to exceed $2,777,318.00. Copies of the amendments are attached to this ordinance and are on file in the City Planning and Development Department.
Section 2. That the Director of City Planning and Development is hereby authorized to expend the sum of up to $242,103.00 from funds previously appropriated to Account No. 27-2550-645020-B-G64SBRLF.
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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 Silverly
Director of Finance
Approved as to form:
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Abigail Judah
Associate City Attorney