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[COMMITTEE SUBSTITUTE FOR] ORDINANCE NO. 230468
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Sponsor: Mayor Quinton Lucas and Councilmembers Andrea Bough and Kevin McManus
Authorizing the City Manager to enter into a Tax Redirection Agreement with Red Bridge Properties, Inc. for the purpose of increasing access to grocery services and incentivizing job creation and investment in Kansas City.
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WHEREAS, Kaw Fresh Market, LLC (the "Operator") has identified a site to provide grocery services in the Red Bridge Shopping Center of Kansas City, Missouri (the "Business Site") as the Red Bridge Farm Fresh Market (the "Project") to provide quality produce and affordable grocery services to Kansas City residents and visitors as a replacement to previously discontinued services at the Business Site; and
WHEREAS, the Business Site is owned by Red Bridge Properties, Inc. (the "Owner"); and
WHEREAS, the Operator anticipates entering into a long-term lease (15 years with options to extend) with the Owner for the Business Site, in which lease the Owner will provide to the Operator the assistance provided by the City herein; and
WHEREAS, the Operator anticipates the Project creating more than 80 new employees at an anticipated average income of $17+ per hour; and
WHEREAS, the Project serves to ensure access to grocery services and incentivize job creation and investment in Kansas City by, without limitation, (i) providing grocery services in a highly residential area, (ii) prioritizing high quality produce and options to support a healthy diet, (iii) establishing or expanding Operator's economic presence in City, (iv) promoting economic development in the area of City which the Business Site is located, (v) generating tax revenues for the City from the conduct of business and other activities in City that would not otherwise receive, (vi) catalyzing for additional investment in and further redevelopment and rehabilitation of the area of City in which the Business Site is located, and (v...
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