ORDINANCE NO. 250586
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Sponsor: Councilmember Crispin Rea
Approving the petition to amend the River Market Community Improvement District, generally bounded by the south bank of the Missouri River on the north, Interstate70/35 on the south, Missouri 9 Highway on the east, and the Burlington Northern Santa Fe Railroad on the west, in Kansas City, Jackson County, Missouri; directing the City Clerk to report the amendment of the District to the Missouri Department of Economic Development and the Missouri State Auditor; reducing the General Fund contingent appropriation in the amount of $1,000; appropriating the same; designating requisitioning authority; and recognizing this ordinance as having an accelerated effective date.
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WHEREAS, the River Market Community Improvement District was approved and established by Ordinance No. 060805 on August 3, 2006; and
WHEREAS, Ordinance No. 060805 was amended by Ordinance No. 070749 on July 26, 2007, to correct the term to reflect nine years as proposed by the petition; and
WHEREAS, the term for the River Market Community Improvement District was extended for ten years beginning on August 3, 2015, by Ordinance No. 140842 on October 16, 2014; and
WHEREAS, petitioners wish to amend the methodology and maximum authorized amounts of the District's special assessments and extend the term of the District for an additional ten years; NOW THEREFORE
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That the petition to amend the River Market Community Improvement District (the "District") in accordance with Section 67.1401 RSMo, through Section 67.1571, otherwise known as the Missouri Community Improvement District Act (the Act), which is attached to this Ordinance as Exhibit 1, is hereby approved in its entirety.
Section 2. That the District is hereby amended for the purposes set forth in the petition, which the District shall have all the powers and authority authorized by the amended petition, the Act,...
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