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ORDINANCE
NO. 150421
Determining that the Summit Tax
Increment Financing Plan is making satisfactory progress under the time
schedule proposed within the plan for completion.
WHEREAS, the Summit Tax
Increment Financing Plan was approved by the Council by passage of Ordinance
No. 951016; and
WHEREAS, Section 99.865.3,
RSMo, provides that five years after the establishment of a redevelopment plan
and every five years thereafter, the Council shall hold a public hearing
regarding those redevelopment plans and projects created pursuant to Sections
99.800 to 99.865, RSMo, for the purpose of determining if the redevelopment
project is making satisfactory progress under the proposed time schedule
contained within the approved plans for completion of such projects; and
WHEREAS, after proper
notice, the Council has held the statutory hearing regarding the Plan; NOW,
THEREFORE,
BE IT ORDAINED BY THE
COUNCIL OF KANSAS CITY:
Section 1. That the Council
hereby determines that the Summit Tax Increment Financing Plan is making
satisfactory progress under the time schedule proposed within the approved plan
for completion of the projects.
Section 2. That the Council
further finds that, as required by Section 99.865.3, RSMo, the required notices
were published and the required hearing was held.
_____________________________________________
Approved
as to form and legality:
___________________________________
Brian
T. Rabineau
Assistant
City Attorney