ORDINANCE NO. 030807

Repealing Ordinance No. 030544; amending Ordinance No. 001590 by repealing Section 2 thereof and enacting in its place a new section, revising the legal description for Project Area 3C of the Parvin Road Corridor Tax Increment Financing Plan.

WHEREAS, the City Council of Kansas City, Missouri by Ordinance No. 54556, passed on November 24, 1982, and thereafter repealed and amended in certain respects by Committee Substitute to Ordinance No. 911076, as amended, passed on August 29, 1991, created the Tax Increment Financing Commission of Kansas City, Missouri (the "Commission"); and

WHEREAS, on December 14, 2000, the Council passed Ordinance No. 001638, which approved the Parvin Road Corridor Tax Increment Financing Plan and designated the Redevelopment Area as an economic development area (the Redevelopment Plan); and

WHEREAS, the Redevelopment Plan and ordinances contemplate the implementation of the Redevelopment Plan through four separate Redevelopment Project Areas and the adoption of tax increment financing in each of the areas selected for such Redevelopment Projects; and

WHEREAS, on December 14, 2000, the Council passed Ordinance No. 001590 approving Project Area 3C, the legal description of which requires revision; and

WHEREAS, Ordinance No. 030544 erroneously amended Ordinance No. 001587, instead of Ordinance NO. 001590; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That Ordinance No. 030544 is hereby repealed.

Section 2. That Ordinance No. 001590 is hereby amended by repealing Section 2 and enacting a new Section 2 to read as follows:

Section 2. The area selected for Parvin Road Corridor Redevelopment Project Area 3C is legally described as follows:

All that part of Sections 2 and 3, Township 50, Range 32, Kansas City, Clay County, Missouri, being described as follows; Commencing at the Southeast corner of the Southwest Quarter of said Section 3; thence North 89^o5416 West, along the South line of said Southwest Quarter, 806.82 feet; thence North 0^o5234 East, 651.44 feet to the True Point of Beginning of the Tract to be herein described; thence Continuing North 0^o5234 East, 2164.55 feet; thence South 89^o1704 East, 4542.93 feet; thence South 0^o1904 West, 2094.72 feet; thence South 89^o3059 East, 419.44 feet; thence South 0^o0000 East, 51.40 feet; thence North 89^o3059 West, 4983.66 feet to the True Point of Beginning. Containing 225.79 acres,

33.79 acres column area, 192 acres gross area.

is approved and designated as Parvin Road Corridor Project Area 3C (the Redevelopment Project), effective December 14, 2000 (the Original Effective Date). The actions of all City officials and the Tax Increment Financing Commission of Kansas City, Missouri, in allocating, paying, depositing, receiving and/or disbursing payments in lieu of taxes or economic activity taxes for Redevelopment Project Area 3C, which have been approved after the Original Effective Date, but prior to the effective date of this ordinance, are hereby ratified and approved.

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Approved as to form and legality:

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Assistant City Attorney