committeesub
[COMMITTEE SUBSTITUTE FOR] ORDINANCE NO. 260480
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Sponsor: City Manager's Office
COMMITTEE SUBSTITUTE
Authorizing the City Manager to execute a contract with the Economic Development Corporation of Kansas City, Missouri, in an amount not to exceed $5,196,000.00 for the purpose of providing funds for certain development and redevelopment activities; and authorizing expenditure from previously appropriated funds.
"Advance and Do Pass as a Committee Substitute"
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WHEREAS, on behalf of the City, the Economic Development Corporation of Kansas City, Missouri ("EDC") engages in comprehensive business retention and recruitment efforts and proactive redevelopment efforts designed to attract businesses and jobs to Kansas City, to retain its existing business and employment base, and to enhance the economic productivity of real property within the City; and
WHEREAS, the Mayor and Council desire that the EDC support and coordinate the activities of, and provide professional staff for, all of the economic development and redevelopment agencies operating on behalf of the City; and
WHEREAS, the City and EDC acknowledge that each of the Economic Development Agencies are part of the City's overall economic development efforts and contemplate that EDC will enter into agreements, as appropriate, with each of the Economic Development Agencies specifying the level of support and services to be provided by EDC; and
WHEREAS, EDC supports the adoption and implementation of AdvanceKC, which serves as a guide for long-term economic development investments and the targeted use of incentives; and
WHEREAS, Resolution No. 250413 directed the City Manager to include in the 2026-2027 EDC annual contract funding for a ProspectUs Plan Manager utilizing funding from positions created in the Fiscal Year 2025-2026 Adopted Budget; however Council now intends to address ProspectUS in future legislation; and
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