ORDINANCE NO. 220571
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Accepting and approving the recommendations of the Tax Increment Financing Commission of Kansas City as to the Ninth Amendment to the Chouteau I-35 Tax Increment Financing Plan.
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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 and Committee Substitute for Ordinance No. 140823, as amended on, June 18, 2015, created the Tax Increment Financing Commission of Kansas City, Missouri (the "Commission"); and
WHEREAS, April 23, 1998, the City Council passed Ordinance No. 980426, which accepted the recommendations of the Commission and approved the Chouteau I-35 Tax Increment Financing Plan ("Redevelopment Plan") and designated the redevelopment area described therein to be an economic development area (the "Redevelopment Area"); and
WHEREAS, the City Council, by Committee Substitute to Ordinance No. 020784, accepted the recommendations of the Commission and approved the First Amendment to the Redevelopment Plan on July 18, 2002, which provides for certain modifications to the boundaries of the Redevelopment Area and the Budget of Redevelopment Project Costs; and
WHEREAS, the City Council, by Ordinance No. 030022, accepted the recommendations of the Commission and approved the Second Amendment to the Redevelopment Plan on January 16, 2003, which provides for the expansion of the boundaries of the Redevelopment Area and the inclusion of a housing program; and
WHEREAS, the City Council, by Committee Substitute for Ordina...
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