RESOLUTION NO. 240444
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Sponsor: Councilmember Darrell Curls
RESOLUTION - Directing the City Manager to request the Administrative TIF Commission and EDC complete a comprehensive review of the Bannister & I-435 Tax Increment Financing Plan and report back to Council with recommendations regarding necessary enforcement action within 60 days.
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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 "TIF Act"), the City Council of Kansas City, Missouri 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, created the Tax Increment Financing Commission of Kansas City, Missouri (the "Commission"); and
WHEREAS, the City Council approved the Bannister & I-435 Tax Increment Financing Plan by Committee Substitute for Ordinance No. 130737, passed on October 10, 2013; and
WHEREAS, the City Council subsequently approved the First Amendment to the Bannister & I-435 Tax Increment Financing Plan (the Bannister & I-435 Tax Increment Financing Plan as amended by the First Amendment to the Bannister & I-435 Tax Increment Financing Plan is referred to herein as the "Redevelopment Plan") and designated the Redevelopment Area as a blighted area; and
WHEREAS, the City Council has delegated certain authority for entering into agreements to implement TIF redevelopment plans and redevelopment projects to the Administrative Commission; and
WHEREAS, the City has entered into an agreement with the Economic Development Corporation of Kansas City, Missouri ("EDC") to provide economic development services, as well as administrative and staff support, and coordination of the activities ...
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