ORDINANCE NO. 260537
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Sponsor: City Manager’s Office
Accepting and approving the recommendation of the Tax Increment Financing Commission of Kansas City, Missouri, as to the termination of the 811 Main Tax Increment Financing Plan and the termination of the designation of Redevelopment Project Area 1 described therein; declaring as surplus those funds within the special allocation fund established in connection with Redevelopment Project Area 1; dissolving the special allocation fund established in connection with Redevelopment Project Area 1; and directing the City Clerk to send copies of this ordinance to Jackson County.
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WHEREAS, pursuant to the Real Property Tax Increment Allocation Redevelopment Act, Sections 99.800 to 99.865 of the Revised Statutes of Missouri, as amended (the “Act”), the City Council of Kansas City, Missouri (the “City Council”) by Ordinance No. 54556 passed on November 24, 1982, and thereafter amended in certain respects by Committee Substitute for Ordinance No. 911076, as amended, passed on August 29, 1991, Ordinance No. 100089, as amended, passed on January 28, 2010, and Ordinance No. 130986, passed on December 19, 2013, Committee Substitute for Ordinance No. 140823, as amended on, June 18, 2015 and Committee Substitute for Ordinance No. 230524, passed on June 22, 2023, created the Tax Increment Financing Commission of Kansas City, Missouri (the “Commission”); and
WHEREAS, on January 5, 2006, the City Council passed Committee Substitute for Ordinance No. 051527, which accepted the recommendations of the Commission and approved the 811 Main Tax Increment Financing Plan (the “Redevelopment Plan”) and designated the Redevelopment Area described therein to be a Blighted Area (the “Redevelopment Area”); and
WHEREAS, the Redevelopment Plan contemplates the designation of one redevelopment project area, Redevelopment Project Area 1 as designated by Ordinance No. 060109 on February 2, 2006; and
WHEREAS, the Commission has been duly constituted and its members appointed pursuant to Section 99.820.2 of the Act; and, after all proper notice was given, the Commission met in public hearing and after receiving the comments of all interested persons and taxing districts with respect to the Redevelopment Plan, closed said public hearing on April 8, 2026, and adopted its Resolution No. 4-4-26 (the “Resolution”) recommending to the City Council the termination of the Redevelopment Plan and the termination of the designation of Redevelopment Project Area 1 descried therein and by Ordinance No. 060109, which shall require that all funds on deposit in the Special Allocation Fund(s) established in connection with such Redevelopment Project Area 1 be declared surplus and distributed to the affected taxing districts, in accordance with the Act; NOW THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That the recommendations of the Commission concerning the termination of the 811 Main Tax Increment Financing Plan, and the designation of the Redevelopment Area described therein, as set forth in Resolution No.4-4-26, are hereby accepted, and the 811 Main Tax Increment Financing Plan and the designation of the Redevelopment Area described therein is hereby terminated.
Section 2. That the recommendations of the Commission concerning the termination of the designation of the Redevelopment Project Area 1 described by the 811 Main Tax Increment Financing Plan and Ordinance No. 060109, as set forth in Resolution No. 4-4-26 are hereby accepted, and the designation of such Redevelopment Project Area is hereby terminated.
Section 3. That all funds within any Special Allocation Fund established in connection with Redevelopment Project Area 1 described by the 811 Main Tax Increment Financing Plan are hereby declared as surplus and shall be distributed in accordance with the Act and the provisions of this ordinance.
Section 4. That following the distribution of the surplus funds, the special allocation fund(s) for Redevelopment Project Area 1 of the 811 Main Tax Increment Financing Plan shall be dissolved.
Section 5. That the City Clerk is hereby directed to send copies of this ordinance to Jackson County.
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Approved as to form:
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Katherine Chandler
Senior Associate City Attorney