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Legislation #: 041397 Introduction Date: 12/9/2004
Type: Ordinance Effective Date: none
Sponsor: None
Title: Terminating the Hotel President Block Tax Increment Financing Plan.

Legislation History
DateMinutesDescription
12/9/2004 Filed by the Clerk's office
12/9/2004 Referred to Planning, Zoning & Economic Development Committee
12/15/2004 Advance and Do Pass, Consent
12/16/2004 Passed

View Attachments
FileTypeSizeDescription
041397.pdf Authenticated 163K Authenticated
Hotel President TIF Ordinance Fact Sheet (00041829).DOC Fact Sheet 16K fact sheet

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ORDINANCE NO. 041397

 

Terminating the Hotel President Block Tax Increment Financing Plan.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

WHEREAS, the City Council of Kansas City, Missouri, by Ordinance No. 54556 passed on November 24, 1982, and thereafter amended in certain respects by Ordinance No. 911076 passed on August 29, 1991, created the Tax Increment Financing Commission of Kansas City, Missouri (the "Commission"); and

  WHEREAS, the Hotel President Block Tax Increment Financing Plan was approved by the Commission by adoption of its Resolution No. 11-15-01 and approved by the Council on August 15, 2002, by Ordinance No. 011655, as amended; and

WHEREAS, the Commission on January 14, 2004, adopted its Resolution No. 01-10-04, recommending to the Council the approval of the 1200 Main/South Loop Tax Increment Financing Plan and the Council accepted the recommendations of the Commission and approved the redevelopment plan by passage of Committee Substitute for Ordinance No. 040154; and 

WHEREAS, the first amendment to the 1200 Main/South Loop Tax Increment Financing Plan was approved by the Commission on June 9, 2004, by its Resolution No. 06-16-04, recommending to the Council the approval of the first amendment; and the Council accepted the recommendations of the Commission and approved the first amendment by passage of Ordinance No. 040738; and 

WHEREAS, the 1200 Main/South Loop Tax Increment Financing Plan incorporates the renovation of the historic Hotel President with the consent and approval of the approved redeveloper of the Hotel President Block Tax Increment Financing Plan; and

WHEREAS, the boundaries of the Hotel President Block Tax Increment Financing Plan and the 1200 Main/South Loop Tax Increment Financing Plan overlap and it is appropriate to terminate the Hotel President Block Tax Increment Financing Plan; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the Hotel President Block Tax Increment Financing Plan is hereby terminated.

_____________________________________________

 

Approved as to form and legality:

 

___________________________________

Heather A. Brown

Assistant City Attorney