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[COMMITTEE SUBSTITUTE FOR] ORDINANCE NO. 240045
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Sponsor: Mayor Quinton Lucas
COMMITTEE SUBSTITUTE
Amending Chapter 74, Code of Ordinances, by repealing Article III, "Tax Increment Financing" and enacting in lieu thereof a new article of like number and subject matter to address statutory provisions recently applicable to TIF plans, projects, and commissions in Clay County; and directing the City Manager to solicit the consent of various municipalities as to appointment of municipal representatives to the Clay County KC TIF Commission; authorizing the Administrative Commission to assume certain rights and responsibilities; and authorizing the City Manager to execute certain assignments and consents.
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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"), and Ordinance No. 545556 adopted on November 24, 1982, as amended by Committee Substitute for Ordinance No. 911076 adopted on August 29, 1991, by Ordinance No. 100089 adopted on January 28, 2010, by Ordinance No. 130986 adopted on December 19, 2013 and by Committee Substitute for Ordinance No. 140823 adopted on June 18, 2015, and by Committee Substitute for Ordinance No. 230524 (collectively, the "Enabling Ordinances") the City Council of Kansas City, Missouri created the Tax Increment Financing Commission of Kansas City, Missouri (the "Kansas City TIF Commission"); and
WHEREAS, The Act provides for eleven-member commissions in some cities and counties and twelve-member commissions in others; and
WHEREAS, Kansas City has historically been subject to the statutory requirements outlining an eleven-member commission; and
WHEREAS, through population growth and passage of a County Charter, TIF commissions in Clay County, Missouri may become subject to the statutory restrictions mandating a twelve-member commission; and
WH...
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