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Legislation #: 080904 Introduction Date: 9/4/2008
Type: Resolution Effective Date: 9/11/2008
Sponsor: COUNCILMEMBER MARCASON
Title: Authorizing a supplemental application to the Missouri Development Finance Board for the preliminary authorization of additional state tax credits in the amount not to exceed $15,000,000.00 to support fund-raising efforts for capital improvements at the Kauffman Center for the Performing Arts.

Legislation History
DateMinutesDescription
9/4/2008 Filed by the Clerk's office
9/4/2008 Immediate Adoption
9/4/2008 Councilmember Riley Move to Refer to
9/4/2008 Referred to Finance and Audit Committee
9/10/2008 Immediate Adoption as a Committee Substitute
9/11/2008 Adopted as Substituted

View Attachments
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080904.pdf Authenticated 73K Authenticated
http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=080904 Video Link 0K http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=080904
PAC Supplemental Resolution Factsheet.doc Website Link 52K Revised Fact Sheet Info
fact sheet.doc Advertise Notice 43K fact sheet

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COMMITTEE SUBSTITUTE FOR RESOLUTION NO. 080904

 

Authorizing a supplemental application to the Missouri Development Finance Board for the preliminary authorization of additional state tax credits in the amount not to exceed $15,000,000.00 to support fund-raising efforts for capital improvements at the Kauffman Center for the Performing Arts.

 

WHEREAS, the Council has given high priority to the development of the Kauffman Center for the Performing Arts as the centerpiece of the Citys plan and strategy to redevelop and grow its downtown; and

 

WHEREAS, the Council intends to provide a wide variety of educational, social and cultural opportunities for the citizens of Kansas City, Missouri; and

 

WHEREAS, the financial support currently provided by the City to the Kauffman Center for the Performing Arts includes convention facilities, public infrastructure improvements, and $47,000,000.00 towards the construction of public parking facilities; and

 

WHEREAS, the Council has previously expressed its support for the Kauffman Center for the Performing Arts and authorized the application for the original $25,000,000.00 in Missouri Development Finance Board state tax credits in Committee Substitute for Resolution No. 030594; NOW, THEREFORE,

 

BE IT RESOLVED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Council expresses its intention to continue its support of the concept of economic development at the Kauffman Center for the Performing Arts which is currently under construction at 1601 Broadway between 15th and 17th Streets and between Broadway and Baltimore.

 

Section 2. That the Council states that the completion of the Kauffman Center for the Performing Arts will greatly benefit downtown Kansas City, Missouri by the addition of new jobs and the retention of current jobs and businesses.

 

Section 3. That the Council states that the Kauffman Center for the Performing Arts will benefit the public by providing recreational and cultural opportunities for the citizens of Kansas City, Missouri.

 

Section 4. That the Council expresses its belief that the additional $15,000,000.00 in state tax credits are vital to the completion of the Kauffman Center for the Performing Arts.

 

Section 5. That the Council authorizes a supplemental application in the amount not to exceed $15,000,000.00 from the Missouri Development Finance Board for financing through the State Tax Credit for Contribution Program.

 

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