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[COMMITTEE SUBSTITUTE FOR] ORDINANCE NO. 230977
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Sponsor: Councilmember Melissa Robinson
COMMITTEE SUBSTITUTE
Directing the City Manager to execute a Community Investment Agreement with Community Builders of Kansas City, a Missouri Nonprofit Corporation, to support a public municipal investment in the Office at Overlook located on Dr. Martin Luther King Jr. Boulevard in the City's East Side within the Overlook Tax Increment Financing Redevelopment Area and the Offices at Overlook Planned Industrial Expansion Authority General Development Plan; appropriating $1,600,000.00 from the Unappropriated Fund Balance of the Development Services Fund; designating requisitioning authority in the City Manager's Office; directing the City Manager with prioritization of funding sources for future annual obligations related to this ordinance; and recognizing this ordinance to have an accelerated effective date
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WHEREAS, since the early 1930s, the East Side of Kansas City, Missouri, has suffered from blight and economic disinvestment; and
WHEREAS, as a result of such blight and disinvestment, the East Side has historically struggled with a wealth gap, lending disparity created by property redlining and appraisal biases, and growing crime, and East Side residents live in systemic "pandemic-like" conditions; and
WHEREAS, for decades, the City Council of Kansas City, Missouri, has adopted policies and approved resolutions and ordinances intended to support, prioritize and incentivize East Side development and redevelopment, to confront and ameliorate such substantial, longstanding economic disinvestment and blight conditions; and
WHEREAS, in the last decade, the City's efforts have included, among others, (a) approving and implementing the Central City Economic Development Sales Tax; (b) creating the East Side Investment Zone and programs to be implemented therein, including the Reinvestment in Economic...
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