ORDINANCE NO. 210379
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Estimating and appropriating $300,000.00 in the Maintenance Reserve Fund; supporting the Santa Fe Neighborhood Council's housing rehabilitation program using $300,000.00 of Maintenance Reserve Corporation funds to support eligible rehabilitation expenses for low to moderate income homeowners in the Santa Fe Neighborhood; and authorizing the Director of Neighborhoods and Housing Services Department to enter into a contract with Santa Fe Neighborhood Council in partnership with Arvest Bank for $300,000.00 from the Maintenance Reserve Fund.
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WHEREAS, the Maintenance Reserve Corporation's participation is part of a
$910,000.00 rehabilitation program with the remaining funds coming from the Central City Economic Development Fund approved by Ordinance No. 200997; and
WHEREAS, the Kansas City Missouri Rehabilitation Maintenance Corporation was established as a general non-for-profit corporation within the State of Missouri in 1975 with the civic purpose to contract with owners of residential property in Kansas City, Missouri, to perform maintenance on such property after rehabilitation to preserve the benefit of such rehabilitation for the community as a whole; and
WHEREAS, the name of the corporation was changed to Kansas City Maintenance Reserve Corporation (MRC) in 1977; and
WHEREAS, the MRC Board of Directors authorized a conditional commitment of $300,000.00 to participate with Santa Fe Neighborhood Council in a moderate home repair program for residential projects in the Santa Fe Neighborhood for low- moderate income homeowners during the March 23, 2021 Board Meeting; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That revenue is estimated in the following account of the Maintenance Reserve Fund:
AL-6930-570000-481000 Neighborhood and Housing Services
Revenue $300,000.00
Section 2. That $300,000.00 is appropriated from t...
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