ORDINANCE NO. 250892
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Sponsor: Councilmember Crispin Rea
Approving the recommendations of the Tax Increment Financing Commission of Kansas City, Missouri as to the Columbus Park Tax Increment Financing Plan and approving the Columbus Park 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. 230524, passed on June 22, 2023, created the Tax Increment Financing Commission of Kansas City, Missouri (the "Commission"); and
WHEREAS, the Columbus Park Tax Increment Financing Plan (the "Redevelopment Plan") was proposed to the Commission; and
WHEREAS, the Redevelopment Plan provides for the construction: of (1) new for-sale detached and attached housing in the Columbus Park Neighborhood, comprised of approximately 158 units of single-family homes and townhomes with related parking spaces and infrastructure improvements, including the remediation of site conditions to protect existing infrastructure and to remove environmental issues from previous ownerships (the "Project Improvements"); and (2) construction or reconstruction of public infrastructure improvements, including, but not limited to sanitary and storm sewer, utilities, sidewalks, streets, alleys, and any other required or desired infrastructure, that support and enhance the Project Improvements (collectively, the "Public Improvements"); and
WHEREAS, the proposed Redevelopment Area described by the Redevelopment Plan in which the Project Impro...
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