ORDINANCE NO. 251043
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Sponsor: Councilmember Crispin Rea
Approving and designating Redevelopment Project Area 1 of to the 800 Grand Tax Increment Financing Plan; and adopting tax increment financing therefore.
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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 "City Council"), by Ordinance No. 54556 passed on November 24, 1982, and thereafter amended in certain respects by Committee Substitute for Ordinance No. 911076, as amended, passed on August 29, 1991, Ordinance No. 100089, as amended, passed on January 28, 2010, and Ordinance No. 130986, passed on December 19, 2013, Committee Substitute for Ordinance No. 140823, as amended 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 the Tax Increment Financing Commission of Kansas City, Missouri (the "Commission");and
WHEREAS, the 800 Grand Tax Increment Financing Plan (the "Redevelopment Plan") and Redevelopment Project Area described therein was proposed to the Commission; and
WHEREAS, after all proper notice was given, the Commission met in a public hearing regarding the Redevelopment Project Area at 9:30 AM on November 12, 2025, at which time, after receiving the comments of all interested persons and taxing districts, the Commission approved Resolution No. 11-2-25 (the "Resolution") recommending to the City Council the approval of the Redevelopment Plan and designation of the Redevelopment Area which contained the Redevelopment Project Area; and
WHEREAS, on ________, the City Council of Kansas City, Missouri (the "Council") passed Ordinance No. ________ which accepted the recommendations of the Commission and approved the 800 Grand Tax Increment Financing Plan and designated the Redevelopment...
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