File #: 220072    Version: Name:
Type: Ordinance Status: Passed
File created: 1/24/2022 In control: Council
On agenda: 2/10/2022 Final action: 2/10/2022
Title: Authorizing the City Manager to execute a development agreement with 18th and Vine Developers, LLC for property located generally in the area bounded by 18th street to the north, Vine Street to the east, 19th Street to the south, and Paseo to the west.
Sponsors: Quinton Lucas, Lee Barnes Jr.
Attachments: 1. 220072 Fact Sheet FINAL, 2. Fiscal Note DA 18Vine 1025RFP 2.2.22, 3. EXECUTION VERSION - Master Development Agreement, 4. 220072 18th and Vine - Final, 5. 18th&Vine Project - Master Development Agreement - 2.9.pdf, 6. 18th&Vine Project - Master Development Agreement - 2.9.2022, 7. 220072 18th and Vine - 02092022 Final, 8. Eric Wesson Letter of Support_, 9. Lisa Yager - Letter of support 2.9.2022, 10. Authenticated Ordinance 220072 C.S
COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 220072

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Authorizing the City Manager to execute a development agreement with 18th and Vine Developers, LLC for property located generally in the area bounded by 18th street to the north, Vine Street to the east, 19th Street to the south, and Paseo to the west.

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WHEREAS, the City of Kansas City, Missouri owns certain properties located in west side of Vine Street in between 18th and 19th Streets and the south side of 18th Street between Paseo and Vine; and

WHEREAS, the City issued a Request for Proposals on June 30, 2020, soliciting proposals for the development of properties in the block directly southwest of the intersection of 18th and Vine in Kansas City for new residential and commercial construction to reinforce redevelopment of the 18th and Vine Historic District; and

WHEREAS, on September 15, 2020, the 18th & Vine Development Policy Committee ("Committee") voted to recommend the project proposed jointly by McCormack Baron Salazar, Taliaferro & Browne Real Estate -18th & Vine, LLC and 1900 Vine LLC ("Project"); and

WHEREAS, the City Council adopted Resolution No. 200840 on October 1, 2020, accepting the recommendation of the Committee and authorizing the City Manager to negotiate a development agreement and real estate sales or lease contract for the Project; and

WHEREAS, McCormack Baron Salazar, Taliaferro & Browne Real Estate -18th & Vine, LLC and 1900 Vine LLC have formed 18th & Vine Developers, LLC; and

WHEREAS, the City, and 18th & Vine Developers, LLC have now negotiated a development agreement for the sale of the Property to 18th and Vine Developers, LLC and development of the Property NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY

Section 1. That the City Manager or designee is hereby authorized to execute a development agreement with the 18th and Vine Developers, LLC for sale and developme...

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