committeesub
[COMMITTEE SUBSTITUTE FOR] ORDINANCE NO. 250290, AS AMENDED
title
Sponsor: Councilmember Melissa Robinson
COMMITTEE SUBSTITUTE
Authorizing the Manager of Procurement Services to execute a Central City Economic Development (CCED) funding agreement with Santa Fe Area Council for the continued rehabilitation of existing homes previously approved by council; authorizing the Director of Housing and Community Development Department to execute this contract in the amount of $454,754.19 funded from previously expended city funds on account with a disbursement agent in the amounts of $273,437.74 of Central City Economic Development Fund dollars and $181,316.85 of Maintenance Reserve Fund dollars; and waiving MBE/WBE goals pursuant to Section 3-437.
body
WHEREAS, Section 67.1305 of the Revised Statuses of Missouri authorizes the City to impose a retail sales tax not to exceed one-half of one percent if the imposition of such a retail sales tax is submitted to, and then approved by, a majority of votes cast; and
WHEREAS, on April 4, 2017, pursuant to authority granted by Section 67.1304, RSMo, a majority of Kansas City, Missouri voters approved a new 1/8 of one percent retail sales tax for funding economic development projects within the area bounded by 9th Street on the north, Gregory Boulevard on the south, Paseo Boulevard on the west and Indiana Avenue on the east; and
WHEREAS, the project serves a predominantly public municipal purpose because, without limitation, completion of the project (i) enhances the tax base of the Project Site; (ii) retains and generates jobs; (iii) promotes economic development in the area of the City in which the Project Site is located, and promotes consideration of areas of the City that the City Council has determined to be blighted as a location for business operations; (iv) results in generation of tax revenues to the City from the conduct of business and other activities in the City ...
Click here for full text