ORDINANCE NO. 231011
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Sponsor: City Manager
Directing the City Manager to execute a Second Amendment to Development Agreement with the Tax Increment Financing Commission of Kansas City and UA KC Southpointe, LLC, for development of property located at 63rd and Prospect.
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WHEREAS, Committee Substitute for Ordinance No. 210566 authorized the City Manager to execute a development agreement and amendments with the Tax Increment Financing Commission of Kansas City (“TIF”) and UA KC Southpointe, LLC (“UA KC”); and
WHEREAS, the City, TIF, and UA KC executed a First Amendment to Development Agreement in July 2023; and
WHEREAS, UA KC now seeks to amend its construction schedule from twenty-four months to thirty months; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That the City Manager is directed to execute a Second Amendment to Development Agreement with TIF and UA KC Southpointe, LLC, amending the construction schedule for Subdivision 1 parcels from twenty-four to thirty months. A copy of the second amendment in substantial form is attached hereto.
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Approved as to form:
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Abigail Judah
Assistant City Attorney