ORDINANCE NO. 260095
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Sponsor: City Manager's Office
Authorizing the City Manager to execute the First Amendment to a Contract with the Economic Development Corporation of Kansas City, Missouri ("EDC") to administer the implementation of the ProspectUs Equitable Transit Oriented Development Strategic Plan ("ProspectUs Plan"); reducing an appropriation in the Development Services Fund (2210) in the amount of $166,224.00 and appropriating a like transfer to the Economic Development Fund (2215); appropriating $166,224.00 from the Unappropriated Fund Balance of the Economic Development Fund (2215) for the purpose of executing a contract amendment with the EDC; and recognizing this ordinance as having an accelerated effective date.
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WHEREAS, the ProspectUs Plan has incorporated the policies of the KC Spirit Playbook and other appropriate planning documents; and
WHEREAS, as a result of a study, the City Planning and Development Department has proposed a framework for the orderly development and redevelopment within the ProspectUs Plan area; and
WHEREAS, said framework provides a guide for future development and redevelopment of the area, for specific and general policies to guide future decisions, and for identification of public and private needs throughout the community and possible solutions to those needs; and
WHEREAS, the plan calls for continued public commitment for implementation; and
WHEREAS, the EDC offers a diverse range of tools to support the economic development process of detailed project analysis and feasibility; and
WHEREAS, the EDC has partnering agencies to help solve financial deal-structuring (e.g. feasibility gap) problems and performs public-side due diligence, while striving to leverage the maximum amount of private investment with the least amount of public resources; and
WHEREAS, Resolution No. 250413 directed the City Manager to develop a str...
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