ORDINANCE NO. 260027
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Sponsors: Mayor Pro Tem Ryana Parks-Shaw and Councilperson Darrell Curls
Authorizing the City Manager or his designee to negotiate and execute a Predevelopment Funding Agreement with United Believers Community Baptist Church in the amount of $2,400,000.00 for predevelopment activities associated with a proposed workforce and attainable housing development project adjacent to its church located at 11101 US 71 Hwy., Kansas City, Missouri; appropriating $2,400,000.00 from the Shared Success Fund; designating requisitioning authority; authorizing the City Manager or his designee to negotiate and execute amendments and related agreements; directing the City Manager to report back to Council; and recognizing this ordinance as having an accelerated effective date.
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WHEREAS, the City Council has identified the need for workforce and attainable housing as a critical priority for Kansas City residents, particularly those households earning between sixty percent (60%) and one hundred twenty percent (120%) of the Area Median Income; and
WHEREAS, United Believers Community Baptist Church (the "Developer") is a Missouri nonprofit corporation and faith-based community organization with a demonstrated commitment to community development and improving the quality of life for residents within the Fifth District of Kansas City, Missouri; and
WHEREAS, the Developer has proposed a workforce and attainable housing development project adjacent to the Developer's property located at 11101 US 71 Hwy., Kansas City, Missouri (the "Project") that will create affordable housing opportunities for working families and individuals in Kansas City; and
WHEREAS, predevelopment funding is essential to advance the Project through critical early-stage activities including, but not limited to, site acquisition and control, architectural and engineering design services, environmental assessments, market studies, financial ...
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