ORDINANCE NO. 210433
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Accepting the recommendations of the Tax Increment Financing Commission as to the Tenth Amendment to the River Market Tax Increment Financing Plan; approving the Tenth Amendment to the River Market Tax Increment Financing Plan; authorizing the Commission to issue obligations to finance Redevelopment Project Costs; and approving the pledge of all funds generated from Redevelopment Projects and deposited into the River Market account.
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WHEREAS, the City Council, by Ordinance No. 54556 passed on November 24, 1982, which was thereafter amended in certain respects by Committee Substitute for Ordinance No. 911076, as amended, passed on August 29, 1991, and Ordinance No. 100089, passed on January 28, 2010, created the Tax Increment Financing Commission of Kansas City, Missouri (the "Commission"); and
WHEREAS, on December 16, 1999, the City Council passed Ordinance No. 991556, which approved the River Market Tax Increment Financing Plan ("Redevelopment Plan"), and designated the Redevelopment Area therein to be a conservation area; and
WHEREAS, on the Council has amended the Redevelopment Plan nine times, most recently with Ordinance 110783 passed on October 13, 2011; and
WHEREAS, an amendment to the Redevelopment Plan entitled the Tenth Amendment to the River Market Tax Increment Financing Plan (hereinafter the "Tenth Amendment"), was proposed to the Commission; and
WHEREAS, said Commission has been duly constituted and its members appointed; and, after all proper notice was given, the Commission met in public hearing and after receiving the comments of all interested persons and taxing districts, closed said public hearing on April 13, 2021, adopted Resolution No. 4-9-21 ("Resolution") recommending that the City Council approve the Tenth Amendment; and
WHEREAS, the Tenth Amendment provides that, upon the provision for payment of all reimbursable redevelopment project costs identified by the Plan and approved for payment by t...
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