ORDINANCE NO. 240600
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Sponsor: City Manager
Accepting the recommendations of the Tax Increment Financing Commission of Kansas City, Missouri as to the First Amendment to the West Bottoms Tax Increment Financing Plan and approving the First Amendment to the West Bottoms Tax Increment Financing Plan.
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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 March 21, 2024, the City Council passed Ordinance No. 240256, which accepted the recommendations of the Commission and approved the West Bottoms Tax Increment Financing Plan (the "Redevelopment Plan"); designated the Redevelopment Area described therein to be a blighted area (the "Redevelopment Area"); approved the City's contribution of additional EATS generated in the Plan Area; directed the Director of Finance to develop a finance plan; and authorized the City Manager to enter into a Redevelopment Agreement with the Kansas City TIF Commission; and
WHEREAS, a First Amendment to the Redevelopment Plan ("First Amendment") was proposed to the Commission and the Commission, having been duly constituted and its members appointed, after proper notice was given, met in public hearing on June 11, 2024, and after receiving the comments of all interested persons a...
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