KC Skyline

City Clerk Web Search

Search the Ordinances:

Legislation #: 130363 Introduction Date: 5/2/2013
Type: Ordinance Effective Date: 5/19/2013
Sponsor: None
Title: Approving the First Amendment to the Performing Arts District Tax Increment Financing Plan for purposes of terminating the Plan, terminating the designation of Redevelopment Project Areas 1 through 8, and distributing surplus funds to the taxing jurisdictions; and directing the City Clerk to transmit copies of this ordinance.

Legislation History
DateMinutesDescription
4/30/2013 Filed by the Clerk's office
5/2/2013 Referred to Planning, Zoning & Economic Development Committee
5/8/2013 Advance and Do Pass, Debate
5/9/2013 Passed

View Attachments
FileTypeSizeDescription
http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=130363 Website Link 0K http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=130363
130363.pdf Authenticated 2467K Authenticated
Performing Arts District TIF - 1st Amendment - staff report.pdf Staff Report 59K Performing Arts District TIF - 1st Amendment - termination
Performing Arts District TIF - 1st Amendment - map.pdf Maps 485K Performing Arts District TIF - 1st Amendment - termination
Performing Arts District TIF - 1st Amendment - Ordinance Fact Sheet.pdf Fact Sheet 55K Performing Arts District TIF - 1st Amendment - termination
Performing Arts District TIF- 1st Amendment - Request for Ordinance.pdf Request for Ordinance 23K Performing Arts District TIF - 1st Amendment - termination

Printer Friendly Version

ORDINANCE NO. 130363

 

Approving the First Amendment to the Performing Arts District Tax Increment Financing Plan for purposes of terminating the Plan, terminating the designation of Redevelopment Project Areas 1 through 8, and distributing surplus funds to the taxing jurisdictions; and directing the City Clerk to transmit copies of this ordinance.

 

WHEREAS, the Performing Arts District Tax Increment Financing Plan was approved by the City Council by passage of Ordinance No. 030079; and

 

WHEREAS, the First Amendment provides for: (a) terminating the Performing Arts District Tax Increment Financing Plan; (2) terminating the designation of Redevelopment Project Areas 1 through 8; (3) declaring Payments in Lieu of Taxes and Economic Activity Taxes, if any, on deposit within the Special Allocation Funds for Redevelopment Project Areas 1 through 8 as surplus; and (4) distributing the surplus, if any, to the affected taxing jurisdictions; and

 

WHEREAS, there are no contractual obligations of the Tax Increment Financing Commission of Kansas City, Missouri (the “Commission”) which are outstanding under any Redevelopment Agreement for the Redevelopment Project Areas and all eligible reimbursable costs submitted for certification to the Commission, which are to be reimbursed from Payments in Lieu of Taxes and Economic Activity Taxes generated from the Redevelopment Project Areas, have been certified and paid; and

 

WHEREAS, said Commission, having been duly constituted and its members appointed, and after all proper notice was given, met in public hearing and after receiving the comments of all interested persons and taxing districts, closed said public hearing and adopted its Resolution recommending that the City Council approve the First Amendment to the Performing Arts District Tax Increment Financing Plan, terminate the Plan and designation of Redevelopment Projects Areas 1 through 8, declare as surplus all funds within the Special Allocation Fund established for Redevelopment Projects Areas 1through 8 that are in excess of the existing and anticipated administrative costs and expenses of the Commission in connection with processing the termination of such Redevelopment Project Areas, and remit all such surplus funds to the affected taxing districts in accordance with Section 99.850, RSMo; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the First Amendment to the Performing Arts District Tax Increment Financing Plan is hereby approved and adopted as valid and the modifications contained therein are hereby authorized.

Section 2. That the Performing Arts District Tax Increment Financing Plan and designation of Redevelopment Project Areas 1 thorough 8 (the “Redevelopment Project Areas”) are hereby terminated.

 

Section 3. That all funds within the Special Allocation Fund established for the Redevelopment Project Areas that are in excess of existing and anticipated administrative costs and expenses of the Commission in connection with processing the termination of the Redevelopment Project Areas, are hereby declared as surplus.

 

Section 4. That the Commission is hereby authorized and directed to remit all such surplus funds identified by Section 3 to the affected taxing districts in accordance with Section 99.850, RSMo.

 

Section 5. That the City Clerk shall send a copy of this ordinance to the County Clerk and County Executive of Jackson County, Missouri.

 

__________________________________________________

 

Approved as to form and legality:

 

 

_________________________________

Brian T. Rabineau

Assistant City Attorney