ORDINANCE NO. 260326
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Sponsor: City Manager’s Office
Acknowledging that the twenty-three-year statutory period for the capture of tax increment allocation financing within Project Area A, Project Area D, and the Plaza Library Project of the Brush Creek Corridor Tax Increment Financing Plan has expired; terminating the designation of Project Area A, Project Area D, and the Plaza Library Project of the Plan as redevelopment projects therein; declaring as surplus all funds related to Project Area A, Project Area D, and the Plaza Library Project; dissolving the special allocation funds established in connection with Project Area A, Project Area D, and the Plaza Library Project; 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, 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, 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, the Council by passage of Ordinance No. 990251, on March 11, 1999, approved the Brush Creek Corridor Tax Increment Financing Plan (the “Plan”); and
WHEREAS, Project Area A of the Plan was approved by Committee Substitute for Ordinance No. 990252 on August 22, 2002, which was subsequently amended by Ordinance No. 050391 on April 14, 2005; and
WHEREAS, Project Area D of the Plan was approved by Ordinance No. 990255 on March 11, 1999; and
WHEREAS, the Plaza Library Project of the Plan was approved by Ordinance No. 000607 on June 8, 2000; and
WHEREAS, the twenty-three year statutory periods for the capture of tax increment allocation financing within Project Area A, Project Area D, and the Plaza Library Project of the Plan have expired; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That the Council hereby acknowledges that the twenty-three-year statutory periods for the capture of tax increment allocation financing within Project Area A, Project Area D, and the Plaza Library Project of the Plan have expired.
Section 2. That the designation of Project Area A, Project Area D, and the Plaza Library Project as redevelopment projects is hereby terminated.
Section 3. That all funds within any Special Allocation Fund established in connection with Project Area A, Project Area D, and the Plaza Library Project 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 funds for Project Area A, Project Area D, and the Plaza library Project of the Brush Creek Corridor Tax increment Finance 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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Emalea Kohler
Associate City Attorney