ORDINANCE NO. 260743
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Sponsor: Councilmember Ryana Parks-Shaw
Authorizing the Director of Parks and Recreation to enter into an Amended and Restated Funding Agreement with the Starlight Theatre Association of Kansas City, Inc., and its affiliates and assigns for the reimbursement of certain funds provided by the City to cover a portion of the costs required to make improvements to the existing Starlight Theatre at Swope Parkway and 63rd Street; amending certain material terms of the Funding Agreement authorized by Committee Substitute for Ordinance No. 240477 to permit the remaining City Bridge Funds to be used for Phase II of the Starlight Improvement Project; maintaining the original aggregate City Bridge Funds limitation of $3,500,000.00; and approving a revised repayment schedule.
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WHEREAS, Starlight Theatre Association of Kansas City, Inc., and its affiliates and assigns (the "Association") has proposed improvements to the existing Starlight Theatre on the southeast corner of Swope Parkway and 63rd Street (the "Starlight Improvement Project"); and
WHEREAS, the Starlight Improvement Project is being undertaken in two phases, with Phase I consisting of the completion of site work, construction of two new towers and footings to support a canopy structure, and the procurement and fabrication of the light bridge and canopy, and Phase II consisting of the installation of the light bridge and canopy; and
WHEREAS, Committee Substitute for Ordinance No. 240477 authorized the Director of Parks and Recreation to execute a Funding Agreement with the Association and appropriated $3,500,000.00 from the Parks Sales Tax Fund to be used for Phase I of the Starlight Improvement Project only in the event of a shortfall in fundraising by the Association, subject to the material terms set forth therein; and
WHEREAS, the City and the Association entered into that certain Funding Agreement made as of December 10, 2024 (the "Original Agreeme...
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