KC Skyline

City Clerk Web Search

Search the Ordinances:

Legislation #: 051406 Introduction Date: 11/17/2005
Type: Ordinance Effective Date: none
Sponsor: COUNCILMEMBER COOPER AND COUNCILMEMBER FAIRFIELD
Title: Consenting to and approving a project of the Industrial Development Authority of the County of Clay, State of Missouri, involving the acquisition of and improvements to real property located in the City of Kansas City, Missouri by NPP Associates, L.P.  

Legislation History
DateMinutesDescription
11/16/2005 Filed by the Clerk's office
11/17/2005 Referred to Planning, Zoning & Economic Development Committee
11/21/2005 Advance and Do Pass, Consent
11/22/2005 Passed

View Attachments
FileTypeSizeDescription
051406.pdf Authenticated 58K Authenticated

Printer Friendly Version

RESOLUTION NO. 051406

Consenting to and approving a project of the Industrial Development Authority of the County of Clay, State of Missouri, involving the acquisition of and improvements to real property located in the City of Kansas City, Missouri by NPP Associates, L.P.  

WHEREAS, the Industrial Development Authority of the County of Clay, State of Missouri, has received an application to approve a project for NPP Associates, L.P. , a Missouri limited partnership; consisting of the acquisition of the North Park Place Apartments, 515 N.W. 72nd Street, Kansas City, Missouri, including real estate, buildings, structures, improvements and fixtures and the rehabilitation of said buildings (the Project) at a total cost of approximately $6,000,000.00 to be financed by the issuance of its Multifamily Housing Revenue Bonds under the authority of Chapter 349 RSMo., 1994, as amended (the Act), in a principal amount not to exceed $3,500,000.00; and

WHEREAS, the approval of the Council of Kansas City, Missouri, the municipality in which the Project is located, is required by Section 349.010 of the Act; and

  WHEREAS, the Council hereby finds and determines the Project and the Revenue Bonds issued on behalf of the Project will promote the welfare of the residents of the City of Kansas City, Missouri, and will promote the economic development thereof and will be in furtherance of the public purposes set forth in the Act; NOW, THEREFORE, 

BE IT RESOLVED BY THE COUNCIL OF KANSAS CITY:

The Council hereby consents to and approves the Project of the Industrial Development Authority of the County of Clay, State of Missouri for NPP Associates, L.P., providing for the issuance of its Multifamily Housing Revenue Bonds, (North Park Place Apartments), Series 2005 in the principal amount not to exceed $3,500,000.00 for the Project within the city limits of Kansas City, Missouri.

______________________________________________________