ORDINANCE NO. 051289

Ordering the 300 Wyandotte Project improvements to be made and financing therefore to be obtained.

WHEREAS, pursuant to the authority of Sections 67.453 to 67.475 inclusive, RSMo, titled the Neighborhood Improvement District Act (the Act), the City Council of Kansas City, Missouri has determined the 300 Wyandotte Project (the Project) to be advisable and ordered plans and specifications for the project to be prepared; and,

WHEREAS, plans and specifications for the Project have been prepared, including the estimated cost, and have been submitted to the Council, an assessment roll was prepared and, pursuant to notice duly given, a hearing was held on the proposed improvements and assessments; NOW THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. The improvements are ordered to be made and financing for the cost thereof obtained.

Section 2. When the Project is completed, the finally determined costs of the Public Improvements included in the project shall be assessed against the property within the neighborhood improvement district created for the project according to the method of assessment provided for in the Ordinance determining the project to be advisable. The final Project Cost assessed against property owners shall not exceed the estimated cost of the improvements included in the project stated in the petition for the project by more than 25%.

Section 3. It is hereby found and determined that the benefits to each property owner within the district exceed the cost of the Project that may be assessed to such property.

Section 4. This Ordinance shall be in full force and effect ten (10) days from and after its passage by the City Council.

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Approved as to form and legality:

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Heather A. Brown

Assistant City Attorney