ORDINANCE NO. 210876
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Authorizing the Director of Housing and Community Development to amend Central City Economic Development ("CCED") funding agreements with Emmanuel Family & Child Development Center and Emergency Shelter for Children, Urban Neighborhood Initiative, Inc, Linwood Property, Inc. and Ivanhoe Neighborhood Council, to allow for pre-payment of up to 50% of eligible expenses; and requiring those organizations provide a written report every 90 days to the City Manager detailing how the pre-paid expenses were spent.
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WHEREAS, the City Council has previously appropriated CCED funds and approved funding agreements between the City and Emmanuel Family & Child Development Center and Emergency Shelter for Children, Urban Neighborhood Initiative, Inc., Linwood Property, Inc., and Ivanhoe Neighborhood Council through Ordinance Nos. 190006, Committee Substitute for 190651, Second Committee Substitute for 190662 and 190007; and
WHEREAS, the City now desires to allow for a prepaid disbursement of up to 50% of budgeted funds for eligible expenses, including pre-development costs, with the remainder of funds distributed through a reimbursement process; and
WHEREAS, these changes do not change total funding agreement amounts or appropriations; and
WHEREAS, because these funding agreements have already been executed and have already received Council authorization, further Council authorization and written contract amendments are necessary to make changes to the payment structures; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
That the Director of Housing and Community Development is hereby authorized to amend Central City Economic Development ("CCED") funding agreements with Emmanuel Family & Child Development Center and Emergency Shelter for Children, Urban Neighborhood Initiative, Inc, Linwood Property, Inc. and Ivanhoe Neighborhood Council, to allow for pre-payment of up ...
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