|City of Independence|
|AGENDA ITEM COVER SHEET|
|BILL NO. 21-510||Ord.No: 19252|
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.
Staff recommends approval of this item.
Increase appropriations in the amount of $160,000.00 in the General Fund.
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.
This ordinance is to increase appropriations in the amount of $160,000.00 from General Fund Unassigned Fund Balance.
|Department: Finance & Administration||Contact Person: Bryan Kidney|
|City Managers Office||Approved|
|City Clerk Department||Approved|
|Council Action: ||Council Action: |