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File #: 220570    Version: 1 Name:
Type: Ordinance Status: Referred
File created: 6/29/2022 In control: Neighborhood Planning and Development Committee
On agenda: 7/13/2022 Final action:
Title: Approving the Twenty-Third Amendment to the Shoal Creek Parkway Tax Increment Financing Plan and directing the City Clerk to send a copy of this ordinance to Clay County.
Attachments: 1. Shoal Creek 23rd FACT SHEET, 2. Shoal Creek 23rd Amendment TMP 2006.xlsx - SINGLE FISCAL NOTE, 3. TIF_ Shoal Creek - Budget for 23rd Amendment Estimated Redevelopment Project Costs(605045629.2), 4. Shoal Creek Parkway 23rd Amendment Presentation, 5. Shoal Creek TIF 2021_23rd Amendment_2022_05_31, 6. TIF_ Shoal Creek -Twenty-Third Amendment to Plan(605045655.3), 7. Authenticated Ordinance 220570
ORDINANCE NO. 220570

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Approving the Twenty-Third Amendment to the Shoal Creek Parkway Tax Increment Financing Plan and directing the City Clerk to send a copy 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Council of Kansas City, Missouri (the "Council") by Ordinance No. 54556 passed on November 24, 1982, and thereafter repealed and amended in certain respects by Committee Substitute for Ordinance No. 911076, as amended, passed on August 29, 1991, Ordinance No. 100089, passed on January 28, 2010, Ordinance No. 130986, passed on December 19, 2013, and Committee Substitute for Ordinance No. 140823, as amended, passed on June 18, 2015 (the "Authorizing Ordinances") created the Tax Increment Financing Commission of Kansas City, Missouri (the "Commission"); and

WHEREAS, on November 10, 1994, the Council passed Ordinance No. 941443, which accepted the recommendations of the Commission as to the approval of Shoal Creek Parkway Tax Increment Financing Plan (the "Redevelopment Plan" or "Plan") and the designation of the Redevelopment Area described thereby as an economic development area, and authorized the Commission to take all such action as may be needed to effectuate the Redevelopment Plan; and

WHEREAS, the First Amendment to the Plan, which provides for the expansion of the boundaries of the Redevelopment Area and provides for the use of tax increment financing revenues to assist in financing construction of certain portions of Shoal Creek Parkway and sidewalks, street lights and appurtenances, was approved by the Council by Ordinance No. 971310, passed October 2, 1997; and

WHEREAS, the Second Amendment to the Plan, which provides for the addition of two redevelopment projects, the expansions of the Redevelopment Area, and for the development of addi...

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