ORDINANCE NO. 260899
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Sponsor: Director of City Planning and Development Department
Accepting and approving the recommendation of the Tax Increment Financing Commission of Kansas City, Missouri, as to the termination of the Prospect North Tax Increment Financing Plan and the termination of the designation of Redevelopment Project Area 1, 2, and 3; declaring as surplus those funds within the special allocation fund established in connection with such Redevelopment Project Area; and directing the City Clerk to send copies of this ordinance to Clay County.
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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 and Committee Substitute for Ordinance No. 230524, passed on June 22, 2023, and by Committee Substitute for Ordinance No. 240045, passed on March 21, 2024, created the Tax Increment Financing Commission of Kansas City, Missouri (the “Commission”); and
WHEREAS, on March 23, 2000, the City Council passed Ordinance No. 991307, which accepted the recommendations of the Commission and approved the Prospect North Tax Increment Financing Plan (the “Redevelopment Plan”) and designated the Redevelopment Area described therein to be a Blighted Area (the “Redevelopment Area”); and
WHEREAS, the first amendment to the Redevelopment Plan was approved by the City Council via Ordinance No. 031191 on February 19, 2004, which was then amended by Ordinance No. 041005 on September 16, 2004; and
WHEREAS, the second am...
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