RESOLUTION NO. 230866
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Sponsor: Mayor Quinton Lucas and Councilmember Melissa Robinson
RESOLUTION - Expressing City Council support for Consideration of a Tax Increment Financing Plan to Assist with the development of approximately 22 acres in the Historic Northeast Area.
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WHEREAS, the City Council, by Committee Substitute for Ordinance No. 230439, As Amended, approved a Predevelopment Agreement (“Predevelopment Agreement”) with Historic Northeast Lofts, LLC (“Developer”); and
WHEREAS, the Predevelopment Agreement contemplated the Developer seeking development assistance in the form of certain economic incentives; and
WHEREAS, such economic incentives include the anticipated consideration of a Tax Increment Financing Plan at the November meeting of the City’s Tax Increment Finance Commission; NOW, THEREFORE,
BE IT RESOLVED BY THE COUNCIL OF KANSAS CITY:
That the City Council supports the Developer’s request for approval of the Tax Increment Financing Plan and other such economic development support consistent with the Predevelopment Agreement.
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