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[COMMITTEE SUBSTITUTE FOR] ORDINANCE NO. 250250
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Sponsors: Councilmembers Kevin O'Neill, Nathan Willett, Lindsay French, and Mayor Quinton Lucas
COMMITTEE SUBSTITUTE
Approving a plan of finance for City's contribution to the Northland Workforce Development Center; providing direction to the City Manager on funding sources for the project and future debt service; establishing Fund No. 3456, 2026A Taxable Special Obligation Bond Fund; estimating and appropriating bond proceeds in the amount of $25,000,000.00 for the purpose of providing the City's contribution to the project; renaming Fund No. 5250, the Valencia Place - Debt Fund as the Northland Workforce Ctr Debt Fund in the books and records of the City; authorizing the City Manager to execute an agreement to establish certain conditions for the City's contribution; directing the City Manager, as necessary, to identify in the initial quarterly budget clean-up sources to fill any funding gaps existing in project delivery; further directing the City Manager to evaluate City workforce skill gaps with City employees for prioritization at the Northland Workforce Center and to facilitate a partnership with Kansas City schools; and declaring the effective date of this ordinance to be May 1, 2025.
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WHEREAS, on February 13, 2025, the City Council adopted Committee Substitute for Ordinance No. 250132 directing the City Manager to develop a plan of finance to support the development of the new workforce development facility in an amount not to exceed $30,000,000.00; and
WHEREAS, the total cost of the new workforce development facility is estimated to be approximately $74,000,000.00 and the State of Missouri has appropriated $37,000,000.00 towards the development of a Northland Workforce Development Center with the balance to come from $7 million in private donations and a City contribution; and
WHEREAS, the City Council allocated $500,000.00 as a contribution...
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