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Legislation #: 100285 Introduction Date: 4/1/2010
Type: Ordinance Effective Date: 4/18/2010
Sponsor: COUNCILMEMBER FORD
Title: Authorizing the Director of Finance to execute an amended and restated financing agreement for the Briarcliff West Tax Increment Financing Plan to make adjustments to the project to be constructed by Briarcliff Development Company.

Legislation History
DateMinutesDescription
4/1/2010 Filed by the Clerk's office
4/1/2010 Referred to Finance and Audit Committee
4/7/2010 Advance and Do Pass, Debate
4/8/2010 Passed

View Attachments
FileTypeSizeDescription
100285.pdf Authenticated 52K AUTHENTICATED
Super TIF Agreement Fact Sheet_100285.pdf Fact Sheet 75K Fact Sheet
http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=100285 Video Link 0K http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=100285

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ORDINANCE NO. 100285

 

 

Authorizing the Director of Finance to execute an amended and restated financing agreement for the Briarcliff West Tax Increment Financing Plan to make adjustments to the project to be constructed by Briarcliff Development Company.

 

WHEREAS, on January 18, 2007, the City Council passed Ordinance No. 070047, which accepted the recommendations of the Commission as to the Ninth Amendment, by amending the TIF budget line items amounts keeping the total TIF budget unchanged and increasing the Super TIF budget to the redevelopment Plan; and

 

WHEREAS, the City and Redeveloper now wish to make some adjustments in the project to be constructed by Briarcliff Development Company and to recognize the construction which has already been completed by the Developer, NOW, THEREFORE

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Director of Finance is hereby authorized to execute an amended and restated financing agreement with Briarcliff Development Company for the Briarcliff West Tax Increment Financing Plan. The amended and restated financing agreement is approved in substantial form as that attached to this ordinance.

 

 

______________________________________________________________

 

Approved as to form and legality

 

 

 

______________________________

Heather A. Brown

Assistant City Attorney