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Legislation #: 160950 Introduction Date: 12/8/2016
Type: Ordinance Effective Date: none
Sponsor: COUNCILMEMBER SHIELDS AND COUNCILMEMBER JUSTUS
Title: Authorizing the City Manager to execute a cooperative agreement with the Kansas City Area Transportation Authority and Briarcliff Development Company with respect to the development of property located at 3rd and Grand.

Legislation History
DateMinutesDescription
12/8/2016 Filed by the Clerk's office
12/8/2016 Referred to Planning, Zoning & Economic Development Committee
12/14/2016 Hold On Agenda (12/21/2016)
1/18/2017 Advance and Do Pass as a Committee Substitute, Debate
1/19/2017 Passed as Substituted

View Attachments
FileTypeSizeDescription
160950.pdf Authenticated 69K Authenticated
160950 Compared.pdf Compared Version 116K Compared Version
cooperative agreement.pdf Agreement 311K Cooperative Agreement

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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 160950

 

Authorizing the City Manager to execute a cooperative agreement with the Kansas City Area Transportation Authority and Briarcliff Development Company with respect to the development of property located at 3rd and Grand.

 

WHEREAS, the Kansas City Area Transportation Authority (“ KCATA”), with the assistance of the Downtown Council, solicited proposals for the development of land currently owned by KCATA and located at 3rd and Grand (“Property”), and selected Briarcliff Development Company (“Briarcliff”) as the developer of the Property; and

 

WHEREAS, the improvements to be constructed on the Property include (a) two (2) 150,000 square foot office towers; (b) a multi-modal transportation hub, public plaza and associated pedestrian connections which would provide an exchange and transfer point for the streetcar, local MAX bus lines, bike share stations and a potential future commuter rail; (c) an estimated 900 stall parking structure to be built and financed by KCATA, with residential, office and/or retail property to be wrapped around or adjoined to the garage in the future; and (d) up to 10,000 square feet of ground level retail (collectively, the “Project”); and

 

WHEREAS, the KCATA and Developer anticipate that the Project might warrant their requesting certain economic incentives from the City and its economic development agencies; and

 

WHEREAS, the City currently leases the Property from the KCATA and uses it for surface parking purposes; and

 

WHEREAS, the City, as both a tenant of the Property to be developed and a potential source of funding for the Project, has an interest in the development of the Property; NOW, THEREFORE;

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the City Manager is hereby authorized to execute a cooperative agreement with the KCATA and Developer for the purpose of establishing the general framework for the anticipated construction and financing of the Project as defined herein. The cooperative agreement is approved in substantial form as attached hereto.

 

________________________________________________

 

Approved as to form and legality:

 

 

________________________________

Brian T. Rabineau

Assistant City Attorney