TKC BREAKING AND EXCLUSIVE NEWS!!! FREE MONEY: KANSAS CITY CAUGHT GIVING AWAY MORE THAN A QUARTER MILLION!!!

Here's a welcomed bit of into on a MAJOR SCREW-UP which has shamed Kansas City's alphabet soup economic agencies despite a recent "diversity" switcheroo devised by the administration of Mayor Sly James.

To wit . . .

TODAY WE'RE FEATURING SUNDAY SPECIAL DOCUMENTS REVEALING KANSAS CITY MISTAKENLY PAYING OUT MORE THAN A QUARTER OF A MILLION BUCKS!!!

This is important for the sake of Kansas City finances and regarding a great deal of current upheaval amid the EDC and the TIF Commission now ruled by Mayor Pro Tem Cindy Circo.

Moreover . . .

For the working men and women of Kansas City . . . Remember that so many lawyers, politicos and lobbyists make hundreds of thousands of dollars from constant taxpayer giveaways and then walk around in poorly fitting cheap suits pretending to be "masters of the universe" and somehow elite . . . In reality, a great many of these Kansas City professionals are nothing more than corporate welfare pimps working an inherently corrupt and obviously incompetent system that has been ruthlessly rigged by some of the biggest corporations in Kansas City.

In this wicked little town, government corruption STILL supports EVERY political and socioeconomic caste.

Here's the CONTROVERSIAL INTERNAL E-MAIL THAT CONFIRMS THIS BIG MONEY MISTAKE and thankfully returns the cash to KC:

RE: Kirkwood; Reimbursement

The attached EDC check was sent to our Kirkwood development and Mr. Pat Humphrey, the on-site broker / project manager, is being instructed to return the proceeds.

Upon research, this check was cut as a result from actions taken by the TIF Commission Board from its June 11th board meeting. (see the second attached pdf) Kirkwood Realty had previously submitted a certification request representing Cost of Carry Interest of $234,560.05 allowed under the development’s budget.

However, the EDC’s finance department needs to take care to distinguish the correct actions needed when following up on TIF Board approval/disapproval of agenda items.

In this case for Kirkwood, there isn’t any SAF balance to my knowledge remaining that covers that large amount, (234,560.05). PILOTS from previous year’s real estate tax payments typically take about two months to get processed through the County and then through the City. My calculations show only about $25,000 is still outstanding as of August due to third-party property owners not having paid their property taxes. The action taken by finance in this instance should be to treat the Board’s approval as only increasing the “Total Certified Costs” of the TIF project upon which “future” PILOTS are applied as they are generated. Any accumulated balance in the SAF had already been disbursed from our previous cost certifications which total
over $13.5 million.

Now in the case were the Board approves an agenda item where the amount is less than what has been built up in the SAF account, those proceeds could be released.

This is also true if the Board approves costs which are greater and any built-up balance in the account would then be disbursed depleting the fund until new monies come in from the TIF process.

We will instruct Pat to return the check back to the EDC.

Please feel free to call me should you need further guidance
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