ORDINANCE NO. 240342
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Sponsors: Councilmember Wes Rogers
Directing the City Manager to identify $2.3 million in the FY24-25 budget and include a $2.3 million appropriation in the FY25-26 budget and a $2.4 million appropriation in the FY26-27 budget for infrastructure improvements for development projects meeting certain criteria; and directing the City Manager to develop a funding plan.
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BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That the City Manager is directed to identify $2.3 million in the FY24-25 budget, include a $2.3 million appropriation in the FY25-26 budget and a $2.4 million appropriation in the FY26-27 budget to provide additional funding for infrastructure improvements for any development project on a site ready property with an approved development plan and adequate existing access and utilities that meets the below minimum specifications:
a. The proposed development will create at least 800 new jobs;
b. The proposed development will include at least $500,000,000.00 in capital investments; and
c. The proposed development will provide a minimum annual payroll of $45,000,000.00.
Section 2. That the City Manager is directed to develop a funding plan for the amounts outlined in Section 1 with options to include District 1 and District 2 Public Improvement Advisory Committee (PIAC) allocations to fund public infrastructure.
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Approved as to form:
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Dustin E. Johnson
Assistance City Attorney