ORDINANCE NO. 230977
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Sponsor: Councilmember Melissa Robinson
Authorizing the City Manager to execute a Lease Agreement with Community Builders of Kansas City, a Missouri, a nonprofit corporation, for the "Offices at Overlook" located on Dr. Martin Luther King Jr. Boulevard within the Overlook Tax Increment Financing redevelopment area and the offices at Overlook Planned Industrial Expansion Authority General Development Plan area.
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WHEREAS, Community Builders of Kansas City, a minority-led nonprofit corporation ("Nonprofit Redeveloper"), engages in charitable community development activities to assist vulnerable populations in very low, low, and moderate-income areas and in historically distressed urban core neighborhoods in the City of Kansas City, Missouri; and
WHEREAS, Nonprofit Redeveloper, by and through a wholly owned affiliate, OZ Development Company, LLC, is the owner of an approximately 11-acre parcel of real property located generally adjacent to and south of Dr. Martin Luther King Jr. Boulevard in Kansas City, Missouri; and
WHEREAS, an urban redevelopment district plan described in and approved by City Ordinance No. 200858 dated November 5, 2020, as amended, referred to as the "Offices at Overlook," contemplates a plan for a 60,000 square foot, three-story office building and 185 surface parking spaces, interior driveways, a health fitness trail, a public plaza and various other improvements (the "Redevelopment Project");
WHEREAS, the Redevelopment Project is located within a continuously distressed census tract and an area (the "TIF Plan Area") described by the Tax Increment Financing Commission of Kansas City, Missouri (the "TIF Commission") as the Offices at Overlook Tax Increment Financing Plan (the "TIF Plan"), which TIF Plan was filed by Nonprofit Redeveloper's Development Entity and approved by the City by its passage of Ordinance No. 200942, and subsequent ordinances (each and collectively, t...
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