ORDINANCE NO. 250791
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Sponsor: City Manager’s Office
Determining that the North Oak Tax Increment Financing Plan is making satisfactory progress under the proposed time schedule for completion of the projects therein.
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WHEREAS, the North Oak Tax Increment Financing Plan (the “Plan”) was approved by the City Council on February 24, 2005, by Committee Substitute for Ordinance No. 050104; and
WHEREAS, Section 99.865.3, RSMo, provides that five years after the establishment of a redevelopment plan and every five years thereafter, the Council shall hold a public hearing regarding those redevelopment plans and projects created pursuant to Sections 99.l800 to 99.865, RSMo, to determine if the redevelopment project is making satisfactory progress under the proposed time schedule contained within the approved plans for completion of such projects; and
WHEREAS, after proper notice, the Council has held such public hearing and received information on the progress of the Plan; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That Council hereby determines that the North Oak Tax Increment Financing plan is making satisfactory progress under the proposed time schedule contained within the approved plan for completion of the projects therein.
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Approved as to form:
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Emalea Kohler
Associate City Attorney