committeesub
[COMMITTEE SUBSTITUTE FOR] ORDINANCE NO. 250862
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Sponsor: Director of Finance Department
COMMITTEE SUBSTITUTE
Waiving the limitations established by the Fund Balance and Reserve Policy in Section 2-1954 of the Code of Ordinances; appropriating $5,000,000.00 from the Unappropriated Fund Balance of the Convention and Tourism Fund (2360), to include $4,800,000.00 for expenditures related to hosting the World Cup, $100,000.00 to Illuminate KC, and $100,000.00 to provide support for the Metropolitan Arts Council of Greater Kansas City ("ArtsKC"); designating requisitioning authorities; and recognizing this ordinance as having an accelerated effective date.
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WHEREAS, through Ordinance No. 170979, Committee Substitute for Ordinance No. 171005, and Committee Substitute for Ordinance No. 230580, the City Council declared its commitment to fund the services the City must provide in connection with the 2026 FIFA World Cup competition to be held in Kansas City in the months of June and July of 2026; and
WHEREAS, through Ordinance No. 240286, the City was authorized to enter into a Novation agreement with FIFA whereby the City ceased to be a party of the Host City Agreement, KC2026 became a new party to the Host City Agreement, and the City entered into a Guarantee of Obligations agreement with FIFA whereby the City guaranteed the obligations of KC2026 as the new Host City Authority under the Host City Agreement; and
WHEREAS, Section 6 of Committee Substitute for Ordinance No. 230580 directed the City Manager to include amounts sufficient to meet the City's financial obligations toward the 2026 World Cup in the City Manager's proposed budget for FY 2025-2026; and
WHEREAS, Section 1 of Committee Substitute for Ordinance No. 240286 authorized the City Manager to execute a funding agreement with KC2026 in the total amount of $15 million over a three-year period, for the purpose of providing the necessary C...
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