Location:

Meeting Agenda

Economic Development and Finance Committee

Standing CommitteeMonday, January 09, 2012

5:15 PM

Municipal Office Building701 N 7th StreetKansas City, Kansas 661016th Floor Training Room

Name Absent

Commissioner Mark Holland, Chair gfedc

Commissioner Nathan Barnes gfedc

Commissioner Brian McKiernan gfedc

Commissioner Tarence Maddox gfedc

Commissioner Mike Kane gfedc

David Alvey - BPU gfedc

. I Call to Order / Roll Call

. II Approval of standing committee minutes for December 5, 2011.

. III Committee Agenda

Synopsis:

Item No. 1 - COMMUNICATION

Communication requesting to set a public hearing for January 19, 2012, to consider the following applicants' request for Section 42 tax credits, submitted by Charles Brockman, Economic Development. 1. CHWC - Villas at Bethany, a 55+ senior independent living development, scored 52 2. CHWC - House to Home Riverview, single-family housing development, scored 52 3. The Groves Senior Residences, senior rental development, scored 56 (does not comply with the Master Plan)

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4. Excel Development Group, CSC senior housing, scored 43 (does not comply with the Master Plan) 5. Comprise Community Development Company, Simmons Villas-DENIED (did not meet the deadline)

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Item No. 2 - COMMUNICATION

Communication requesting to set a public hearing for January 19, 2012, regarding administration of the Revolving Loan funds (UG-RLF), submitted by Charles Brockman, Economic Development. The Economic Development Administration (EDA) requires that the administrator of the RLF report to the governing body and adopt a resolution that the UG-RLF is in compliance with the approved plan.

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Item No. 3 - RESOLUTIONS

Two resolutions submitted by Lew Levin, Chief Financial Officer: 1. A resolution authorizing payment of the costs of improvements to the sewer system 2. A resolution authorizing the offering for sale of GOB, Series 2012-C The preliminary estimate of the savings associated with this refunding is $330,000 with the true interest cost reduced from 3.1% to 1.5% through 2018. The Sewer Service Enterprise Fund will be the revenue source for debt payments.

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Item No. 4 - RESOLUTION

A resolution adopting a Tax-Exempt Financing Compliance policy and procedure for the UG, submitted by Lew Levin, Chief Financial Officer.

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. IV Adjourn