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[COMMITTEE SUBSTITUTE FOR]ORDINANCE NO. 250529
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Sponsor: Councilmember Darrell Curls
COMMITTEE SUBSTITUTE
Estimating surplus Tax Increment Finance (TIF) revenue in the amount of $127,000.00 in the General Fund; reducing an appropriation in the Capital Improvement Sales Tax Fund in the amount of $272,000.00 and appropriating a like transfer to the General Fund; appropriating $399,000.00 from the unappropriated fund balance of the General Fund for the purpose of blight remediation in the 5th District; designating requisitioning authority; and recognizing this ordinance as having an accelerated effective date.
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WHEREAS, on November 9, 2017, Council approved Ordinance No. 170891, declaring certain non-contiguous areas along the Bannister Road and Blue Ridge Boulevard Corridors, east of US Highway 435 and west of Elma Avenue, north of 99th Street, and south of 87th Street, as blighted; and
WHEREAS, with Ordinance No. 170891, Council approved the East Bannister PIEA General Development Plan (with amendments the “Plan”); and
WHEREAS, on July 2, 2018, the Council passed Ordinance No. 180471 amending the Plan and expanding the Plan Area, as defined more specifically in the Plan; and
WHEREAS, the City received $235,520.00 in surplus Tax Increment Finance (TIF) revenues from the termination of the Winchester Center TIF and appropriated $187,500 to the Winchester Home Program with the passage of ordinance no. 241055; and
WHEREAS, the City, Jackson County, Missouri (the “County”), Raytown Consolidated School District No. 2 (the “School District”), and the Mid-Continent Public Library (the “Library”) entered into a certain 2013 intergovernmental agreement (the “Intergovernmental Agreement”) to contribute funds each taxing district would have otherwise been entitled to receive per Sections 99.800 to 99.865 RSMo. (the “TIF Act”), in the total amount of $2,832,000.00 (the “Remaining Project Funds”), to complete the remaining TIF project costs approved with the modified sixth amendment approved by City Council with the passage of committee substitute for ordinance no. 130155; and
WHEREAS, pursuant to the Intergovernmental Agreement, the County, the School District, and the Library paid their respective Settlement Contributions to the City; and
WHEREAS, pursuant to the Intergovernmental Agreement any Remaining Project Funds are to be distributed to all affected taxing jurisdictions in the same manner as though the funds were distributed per the TIF Act; and
WHEREAS, the City entered into a certain 2013 cooperative agreement with the TIF Commission related to the implementation of the modified sixth amendment (the “Cooperative Agreement”); and
WHEREAS, pursuant to the terms of the Cooperative Agreement the City paid the Remaining Project Funds to the TIF Commission; and
WHEREAS, pursuant to the terms of the Cooperative Agreement the TIF Commission remitted $469,974.00 of Remaining Project Funds to the City following the expiration of the contract term; and
WHEREAS, the City desires to utilize its portion of the Remaining Project Funds, equaling $79,397.00, and the remaining surplus TIF revenues equaling $48,020.00 to remediate blight in the 5th District; and
WHEREAS, the City previously appropriated $1,795,000.00 with the passage of Committee Substitute for Ordinance No. 250277 from surplus TIF revenues from the 87th & Hillcrest TIF Plan toward the redevelopment of the 63rd and Prospect corridor and desires to temporarily use $272,000.00 from that appropriation to remediate blight in the 5th District with said amount expected to be repaid upon the termination of the Southtown TIF Plan and the receipt of surplus revenues all of which is expected to occur within Fiscal Year 2026; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That the revenue in the following account of the General Fund, No. 1000, is estimated in the following additional amount:
26-1000-120000-480560 Contribution TIF District - Winchester $127,000.00
Section 2. That the appropriation in the following account of the Capital Improvements Sales Tax Fund, No. 3090, is hereby reduced by the following amount:
26-3090-648045-B-64008045 63rd & Prospect Redevelopment $272,000.00
Section 3. That the sum of $272,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Capital Improvements Sales Tax Fund, No. 3090, to the following account:
26-3090-129998-X Transfer to General Fund $272,000.00
Section 4. That revenue in the amount of $272,000.00 is hereby estimated to the following account of the General Fund, No. 1000:
26-1000-120000-X Transfer from CIP Fund $272,000.00
Section 5. That the sum of $399,000.00 is hereby appropriated from the Unappropriated Fund Balance of the General Fund, No. 1000, to the following account:
26-1000-075013-B-07BLIGHTRMCD5 Blight Remediation - 5th District $399,000.00
Section 6. That the Director of General Services is designated as the requisitioning authority for Account No. 26-1000-075013-B-07BLIGHTRMCD5.
Section 7. That the City Manager is directed to replenish the appropriation reduced in Section 2 of this ordinance when surplus TIF funds from the Southtown TIF plan are received by the City.
Section 8. That this Ordinance is recognized as an ordinance with an accelerated effective date as provided by Section 503 (a)(3)(C) of the City Charter in that it appropriates money and shall take effect in accordance with that section.
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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 form:
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Andrew Bonkowski
Assistant City Attorney