ORDINANCE NO. 240087
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Sponsor: Mayor Pro Tem Ryana Parks-Shaw
Consenting to the creation of a port improvement district overlaying Starlight Theatre for the purpose of imposing a 1% sales and use tax; directing the City Manager to support the creation of the port improvement district; and directing the City Manager to cast a ballot, on behalf of the City, in favor of the sales and use tax.
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WHEREAS, the Port Authority of Kansas City, Missouri is authorized by the Port Improvement District Act, Sections 68.200 et seq., RSMo, ("Act") to petition the circuit court for the creation of a special taxing district ("PID"); and
WHEREAS, Starlight Theatre's Board of Directors seeks to overlay the theater with a PID for the purpose of generating revenues to fund the theater's capital improvements campaign and ongoing capital reinvestments; and
WHEREAS, the Act requires that any petition to create a PID have the consent of the relevant property owners; and
WHEREAS, upon court approval of the PID, the City, in its capacity as the property owner, will have the right to cast a ballot in support of the 1% sales and use tax; and
WHEREAS, the creation of the PID will impose no monetary obligations on the City and will assist in generating revenues that will enhance and maintain a publicly owned asset; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That pursuant to Section 68.210.2, RSMo., the City consents to the filing of a petition for approval of a port improvement district that overlays Starlight Theatre and would be authorized to seek voter approval for a 1% sales and use tax.
Section 2. That the City Manager is directed to support the petition on behalf of the City.
Section 3. That the City Manager is directed to cast a ballot, on behalf of the City, in support of the sales and use tax after the court approves the ...
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