ORDINANCE NO. 260914
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Sponsor: Director of City Planning and Development Department
Approving the Twenty-Third Amendment to the KCI Corridor Tax Increment Financing Plan.
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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 “Act”), the City Council of Kansas City, Missouri (the “Council”) by Ordinance No. 54556 passed on November 24, 1982, and thereafter repealed and amended in certain respects by Committee Substitute for Ordinance No. 911076, as amended, passed on August 29, 1991, Ordinance No. 100089, passed on January 28, 2010, Ordinance No. 130986, passed on December 19, 2013, and Committee Substitute for Ordinance No. 140823, as amended, passed on June 18, 2015, Committee Substitute for Ordinance No. 230524, passed on June 22, 2023, and by Committee Substitute for Ordinance No. 240045 on March 21, 2024 created commission constituted pursuant to Section 99.820.2 (the “Kansas City TIF Commission”); and;
WHEREAS, the City created the Administrative TIF Commission and has delegated all powers delegable under the Act, in particular powers enumerated in Section 99.820.1 RSMo., in connection with administering tax increment financing plans and projects to the Administrative TIF Commission, as provided in Code § 74-58; and
WHEREAS, on March 11, 1999, the Council passed Ordinance No. 990256, which accepted the recommendations of the Kansas City TIF Commission as to the approval of the KCI Corridor Tax Increment Financing Plan (the "Redevelopment Plan" or "Plan") and the designation of the Redevelopment Area described thereby as an economic development area; and
WHEREAS, the Redevelopment Plan has been amended twenty-three times by the Council by Ordinance No. 040618 on June 10, 2004, by Ordinance No. 040619 on June 10, 2004, by Ordinance No. 040620 on June 10, 2004, by Ordinance No. 040621 on June 10, 2004, by Ordinance No. 050107 on Februar...
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