ORDINANCE NO. 250900
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Sponsor: Director of City Planning and Development Department
Accepting and approving the recommendation of the Clay County KC TIF Commission, as to the termination of the Chouteau I-35 Tax Increment Financing Plan and the termination of the designation of the Redevelopment Project Areas 3 and 4 described therein; acknowledging that the twenty-three-year statutory periods for the capture of tax increment allocation financing within Redevelopment Project Areas 1, 2, and 3 have expired; declaring as surplus of those funds within the special allocation fund(s) established in connection with such Redevelopment Project Areas 1, 2, 3, and 4; dissolving the special allocation fund(s) established in connection with Redevelopment Project Areas 1, 2, 3, and 4; and directing the City Clerk to send copies of this ordinance to Clay 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 "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, Committee Substitute for Ordinance No. 230524, passed on June 22, 2023, and Committee Substitute for Ordinance No. 240045 on March 21, 2024 created a commission constituted pursuant to Section 99.820.2 (the "Kansas City TIF Commission") and Section 99.820.3 of the Act (the "Clay County KC TIF Commission"); and
WHEREAS, on April 23, 1998, the City Council passed Ordinance No. 980426, which approved the Chouteau I-35 Tax Increment Financing Plan (the "Redevelopment Plan" or "Plan"), desig...
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