Share to Facebook Share to Twitter Bookmark and Share
File #: 220571    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: 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.
Attachments: 1. Fact Sheet, 2. Chouteau 9th Ammendment Ordinance 220571 .xlsx - SINGLE FISCAL NOTE, 3. TIF_ Chouteau - Ninth Amendment - Exhibit 5 - Summary of Project Costs(605344856.1), 4. TIF_Chouteau I-35 - Plan - 9th Amendment(605271266.2), 5. Presentation, 6. Authenticated Ordinance 220571
ORDINANCE NO. 220571

title
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.

body
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...

Click here for full text