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[COMMITTEE SUBSTITUTE FOR] ORDINANCE NO. 260339, AS AMENDED
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Sponsor: Mayor Quinton Lucas
COMMITTEE SUBSTITUTE
Reaffirming the intent of the City Council to continue good-faith negotiations with the Kansas City Royals for the retention of the team in Kansas City; directing the City Manager to negotiate and execute a term sheet, lease, and development agreement with the Kansas City Royals or an affiliated entity for design, construction, and operations of a new stadium, team offices, and supporting infrastructure (the "Project") in the Washington Square Park/Crown Center area; authorizing the execution of additional cooperative agreements in connection with the term sheet, lease, and development agreement; directing the City Manager to apply for a Tax Increment Financing Plan for the Project; appropriating $250,000.00 from the Development Services Fund and authorizing the use of previously appropriated funds for the purpose of executing certain professional services agreements in furtherance of the objectives of this ordinance; finding that the Project is a public benefit to the City and the State of Missouri; directing the City Manager to apply for various financial and tax incentives through state agencies; directing the City Manager to negotiate intergovernmental cooperative agreements with the State of Missouri and related entities; authorizing the execution of additional agreements as necessary to comply with the directives of this ordinance; waiving the contract solicitation and Article IV, Chapter 3, requirements otherwise set out in the Code of Ordinances as to the agreements authorized in this Ordinance; directing the City Manager to conduct public engagement related to the lease and development agreement; declaring the intent of the City Council to reimburse itself from bond proceeds for certain expenditures; and recognizing this ordinance as having an accelerated effective date.
Finance Committee recommends "Advance and Do Pas...
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