ORDINANCE NO. 260066
title
Sponsor: Mayor Quinton Lucas
Establishing the Economic Development Oversight Board, also known as the Super Board, to coordinate policies between various economic development entities; and establishing an effective date.
body
WHEREAS, Council believes providing economic development incentives allows the City to increase its industrial, commercial, housing and office space markets, resulting in ensuring regional and national competitiveness, a stronger economy, and improved livability for its residents; and
WHEREAS, the economic development incentives requested are often abatement redirection, or exemption of ad valorem property taxes or other financing mechanisms; and
WHEREAS, requests for abatement, redirection or exemption of ad valorem property taxes and other financing mechanisms are presented either directly to the City or through one or more of the economic development entities authorized by Missouri statute and created by an ordinance of the City Council; and
WHEREAS, pursuant to the Land Clearance for Redevelopment Authority Law, Sections 99.300 to 99.660 of the Revised Statutes of Missouri, as amended, the City Council of Kansas City, Missouri by Ordinance No. 16120 passed on November 21, 1952, created the Land Clearance for Redevelopment Authority of Kansas City, Missouri (LCRA); and
WHEREAS, pursuant to the Planned Industrial Expansion Law, Sections 100.300 to 100.620 of the Revised Statutes of Missouri, as amended, the City Council of Kansas City, Missouri by Ordinance No. 34677 passed on February 9, 1968, created the Planned Industrial Expansion Authority of Kansas City, Missouri (PIEA); and
WHEREAS, pursuant to the provisions of Chapter 68 of the Revised Statutes of Missouri, as amended, the City Council of Kansas City, Missouri by Resolution No. 47523 adopted on February 11, 1977, created the Kansas City, Missouri Port Authority (Port KC); and
WHEREAS, pursuant to ...
Click here for full text