committeesub
[COMMITTEE SUBSTITUTE FOR]ORDINANCE NO. 240642
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Sponsor: City Manager
COMMITTEE SUBSTITUTE
Authorizing the City Manager to execute a Contribution Agreement with DTC Community Development, Inc. in connection with the South Loop Link Project ("Project"); estimating revenue in the amount of $1 million and appropriating the same to the Project account; authorizing the City Manager to execute Contract Amendment No. 3 with HNTB in an amount not to exceed $11,203,000.00 for Design Professional Services in Connection with the Project; authorizing the City Manager to expend the sum of $11,203,000.00 in connection with the Contract Amendment No. 3, referenced herein; and recognizing an accelerated effective date.
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WHEREAS, on June 8, 2023, the City Council approved Committee Substitute for Ordinance No. 230477 appropriating the amount of $10 million from the Convention and Sports Complex Fund for the purpose of funding the City's contribution to the Project; and
WHEREAS, on May 23, 2024, the City Council approved Committee Substitute for Ordinance No. 240450 authorizing the City Manager to execute a funding agreement with the Missouri Department of Economic Development, which agreement provided funding in the amount of $28.6 million to the Project; and
WHEREAS, DTC Community Development Inc. has secured private contributions to the Project and the City and DTC CD, Inc. agree that it is best to allocate a portion of contributions received to the Project; and
WHEREAS, on March 2, 2024, the City Council adopted Ordinance No. 240225 authorizing the City Manager to execute an Assignment and Assumption Agreement in connection with a contract between the Port Authority of Kansas City (PortKC) and HNTB which agreement provided for the completion of 30% design and National Environmental Policy Act ("NEPA") documentation for the Project; and
WHEREAS, the City and HNTB now wish to amend a certain ...
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