| | | | | | | | | City of Independence | | AGENDA ITEM COVER SHEET |
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| | | | | | | | | BILL NO. 21-510 | Ord.No: 19252 |
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| | | | | | | | Agenda Title:
21-510 - 1R. An ordinance adopting amendments to the Fiscal Year 2021- 2022 Budget, which was approved by Ordinance No. 19228. Appropriation ordinances may receive two readings and be voted on at the same meeting. |
| | | | | | | | Recommendations:
Staff recommends approval of this item. |
| | | | | | | | Executive Summary:
Increase appropriations in the amount of $160,000.00 in the General Fund. |
| | | | | | | | Background:
Appropriation is requested in the total amount of $160,000.00 to purchase real estate property located at 3206 North Spring Street, Independence, MO from Isosceles Properties, LLC and satisfy the terms of a General Release and Settlement Agreement. The purchase price of the land is $150,000.00 and the settlement cost is $10,000.00.
The General Release and Settlement Agreement was previously approved in an executive session. |
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Fiscal Impact:
This ordinance is to increase appropriations in the amount of $160,000.00 from General Fund Unassigned Fund Balance.
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| | | | | | | | | Department: Finance & Administration | Contact Person: Bryan Kidney |
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| REVIEWERS: | | Department | Action | | Finance Department | Approved | | Finance Department | Approved | | City Managers Office | Approved | | City Clerk Department | Approved |
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| Council Action: | Council Action: |
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