ORDINANCE NO. 200943
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Sponsor: Director of City Planning and Development Department
Approving and designating Redevelopment Project 1 of the Overlook Tax Increment Financing Plan as a Redevelopment Project; and authorizing tax increment financing therefor; and directing the City Clerk to transmit copies of this ordinance.
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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Council of Kansas City, Missouri (the “Council”) by Ordinance No. 54556 passed on November 24, 1982, and thereafter repealed and amended in certain respects by Committee Substitute for Ordinance No. 911076, as amended, passed on August 29, 1991, Ordinance No. 100089, passed on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 (the “Authorizing Ordinances”) created the Tax Increment Financing Commission of Kansas City, Missouri (the “Commission”); and
WHEREAS, after all proper notices were given, the Commission, which has been duly constituted, convened a public hearing on October 19, 2020 to consider approval of the Overlook Tax Increment Financing Plan (the ‘Redevelopment Plan” or “TIF Plan”), which includes a description of Redevelopment Project Area 1 (the “Redevelopment Project Area 1”) and, after receiving comments from all interested persons and taxing districts with respect to the Redevelopment Plan and Redevelopment Project Area 1, the Commission closed the public hearing and (1) passed Resolution No. 10-17-20, which includes recommendations for the Council to approve the Redevelopment Plan; to approve the designation of Redevelopment Project Area 1; and the authorization of tax increment allocation financing within such Redevelopment Project Area 1; and
WHEREAS, the City Council accepted the recommendations of the Commission as to the ...
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