ORDINANCE NO. 260255
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Sponsor: City Manager's Office
Acknowledging that the twenty-three-year statutory periods for the capture of tax increment allocation financing within Projects II, III, IV, V, VI, VII, VIII, IX, X, XI, XII, and XIII of the Hickman Mills Tax Increment Financing Plan have expired; terminating the designation of each such Redevelopment Project Area therein; terminating the Hickman Mills Tax Increment Financing Plan; declaring as surplus those funds within the special allocation fund(s) established in connection with each such Redevelopment Project Area; dissolving the special allocation fund(s) establish in connection with each such Redevelopment Project Area; and directing the City Clerk to send copies of this ordinance to Jackson County.
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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 "Council"), by Ordinance No. 54556, passed on November 24, 1982, and further amended thereafter, created the Tax Increment Financing Commission of Kansas City, Missouri (the "Commission"); and
WHEREAS, the Council, by the passage of Ordinance No. 921259 on December 3, 1992, approved the Hickman Mills Tax Increment Financing Plan (the "Redevelopment Plan") and designated an area described by the Plan as a redevelopment area (the "Redevelopment Area"); and
WHEREAS, the Redevelopment Plan has been amended once by Ordinance No. 981336 on November 23, 1998; and
WHEREAS, the Redevelopment Plan, as amended, contemplates the designation of multiple redevelopment project areas, including Project I as designated by Ordinance No. 921260, Project II as designated by Ordinance No. 921261, Project III as designated by Ordinance No. 921262, Project IV as designated by Ordinance No.921263, Project V as designated by Ordinance No. 921264, Project VI as designated by ...
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