ORDINANCE NO. 240619
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Sponsor: Director of Housing and Community Development Department
Authorizing the CCED Board to request re-appropriation of funds in the amount of $422,354.00 from the Central City Sales Tax Fund-Projects into the Central City Sales Tax Fund to claw back funds from withdrawn CCED project.
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WHEREAS, Committee Substitute for Ordinance No. 220388 appropriated $422,354.00 from Unappropriated Fund Balance of the Central City Sales Tax Fund to the Central City Sales Tax Fund-Projects for CCED Projects awarded to CELT Real Estate Holdings, LLC, to rehabilitate an existing structure for the Thirty-Eighth Street Studio & Business Incubator and five residential houses; and
WHEREAS, the CCED Board would like to re-appropriate these unused funds back into the Central City Sales Tax Fund so the funds may be used for future awards; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That the appropriation in the following account of the Central City Economic Development Sales Tax Fund, Fund No. 2200, is hereby reduced by the following amounts:
25-2200-555998-B-57CELT CELT $422,354.00
Section 2. That the sum of $422,354.00 is hereby appropriated from the Unappropriated Fund Balance of the Central City Economic Development Sales Tax Fund, Fund No. 2200, to the following account:
25-2200- 555998-B-55BUDGET Housing Budget Integration $422,354.00
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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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Joseph A. Guarino
Senior Associate City Attorney