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[COMMITTEE SUBSTITUTE FOR] ORDINANCE NO. 260378
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Sponsor: Councilmember Wes Rogers
COMMITTEE SUBSTITUTE
Amending Chapter 74, Code of Ordinances, Kansas City Redevelopment Ordinance, by repealing and replacing Section 74-302 to allow a community improvement district using revenues for blight removal or capital improvements to have a term up to 27 years.
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BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That Chapter 74, Code of Ordinances, Kansas City Redevelopment Ordinance, is amended by repealing Section 74-302 and enacting in lieu thereof a new section of like number and subject matter, to read as follows:
Sec. 74-302. Requirements to establish a CID.
(a) Petition. The petition shall:
(1) Inform the property owners of the right to initiate a petition to terminate the proposed CID as provided by RSMo 67.1481.
(2) Provide that the city auditor shall have the right to examine or audit the records of the CID and shall require that the CID make such records available to the city auditor within ten days after a written request for the same is made.
(3) Estimate the revenue to be used for benefits to the public and describe such benefits.
(b) Term. CIDs shall be limited to a term of 20 years. However, if the petition provides that CID revenues will be used to fund capital improvements, blight removal, or both, the term may be up to 27 years.
(c) Blight determination. Any CID requesting a finding of blight or relying on a prior determination of blight for the purposes of exercising the additional powers under RSMo 67.1461.2 shall submit with its petition:
(1) A blight study, outlining the blighting factors and conditions, which blight study shall have been completed no more than five years prior to the date upon which the petition is submitted to the city clerk, and which shall identify, to the extent reasonably deemed possible by the consultant doing the blight study, the owner(s) of th...
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