ORDINANCE NO. 260576
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Sponsor: Councilmember Kevin O'Neill
Authorizing the Director of Public Works to execute a Funding Agreement with The Phillips Edison Company in an amount not to exceed $800,000.00 for the relocation and reconstruction of N.E. Karapat Drive at North Oak Trafficway; reducing the (Unappropriated Fund Balance of..) in the amount of $800,000.00 and appropriating a like transfer to the (..Fund); appropriating $800,000.00 from the (Unappropriated Fund Balance of... ) of the (..Fund); and recognizing this ordinance as having an accelerated effective date.
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BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That the Director of Public Works is hereby authorized to execute a Funding Agreement with The Phillips Edison Company for the relocation and reconstruction of N.E. Karapat Drive at North Oak Trafficway. A copy of the agreement, in substantial form, is on file in the office of the Director of Public Works.
Section 2. That the sum of $800,000.00 is hereby appropriated from the (Unappropriated Fund Balance of the.., Fund No.....), to the following account:
xx-xxxx-xxxxxx-xxxxxx (...) $800,000.00
Section 3. That the revenue in the amount of $800,000.00 is hereby estimated to the following account of the (..Fund, Fund No.....):
xx-xxxx-xxxxxx-xxxxxx (...) $800,000.00
Section 4. That the sum of $800,000.00 is hereby appropriated from the (Unappropriated Fund Balance of the...Fund, Fund No..), to the following account:
xx-xxxx-xxxxxx-xxxxxx (...) $800,000.00
Section 5. That the Director of Public Works is hereby designated as the requisitioning authority for Account No. xx-xxxx-xxxxxx-x-xxxxxxx.
Section 6. That this ordinance, appropriating money and relating to the design, repair, maintenance or construction of a public improvement, is recognized as an ordinance with an accelerated effective date as provided by Section 503(a)(3)(C) and Section 503(a)(3)(D) o...
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