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Legislation #: 120121 Introduction Date: 2/2/2012
Type: Ordinance Effective Date: 12/30/2012
Sponsor: None
Title: Terminating Redevelopment Projects 1 and 4 in the West Edge Tax Increment Financing Plan.

Legislation History
DateMinutesDescription
2/2/2012 Filed by the Clerk's office
2/2/2012 Referred to Planning, Zoning & Economic Development Committee
2/8/2012 Hold Off Agenda
12/19/2012 Advance and Do Pass, Debate
12/20/2012 Passed

View Attachments
FileTypeSizeDescription
120121.pdf Authenticated 849K Authenticated
120121 Fact Sheet.doc Fact Sheet 51K Fact Sheet
West Edge Termination Request for Ordinance Form (00142985).DOCX Request for Ordinance 24K Request for Ordinance

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ORDINANCE NO. 120121

 

Terminating Redevelopment Projects 1 and 4 in the West Edge Tax Increment Financing Plan.

WHEREAS, pursuant to the Real Property Tax Increment Allocation Redevelopment Act, Sections 99.800 to 99.865 of the Revised Statutes of Missouri, as amended (the "Act"), the City Council of Kansas City, Missouri, by Ordinance No. 54556, passed on November 24, 1982, and thereafter repealed and amended in certain respects by Committee Substitute for Ordinance No. 911076, as amended, passed on August 29, 1991, and Ordinance No. 100089, passed on January 28, 2010, created the Tax Increment Financing Commission of Kansas City, Missouri (the "Commission"); and

 

WHEREAS, the City Council on June 30, 2005, by Ordinance No. 050776, approved and designated Redevelopment Projects 1 and 4 of the West Edge Tax Increment Financing Plan; and

 

WHEREAS, the Commission has certified and reimbursed all eligible reimbursable costs for these projects and, at its December 16, 2011, meeting, passed Resolution No. 12-14-11 which recommends termination of Redevelopment Projects 1 and 4 of the West Edge TIF Plan; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That Redevelopment Projects 1 and 4 of the West Edge Tax Increment Financing Plan are hereby terminated and all surplus funds shall be distributed to the affected taxing jurisdictions in accordance with the Act.

 

_____________________________________________

 

Approved as to form and legality:

 

 

______________________________

Cecilia Abbott

Assistant City Attorney