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ORDINANCE
NO. 150294
Determining that
the Downtown Library Tax Increment Financing Plan is making satisfactory
progress under the time schedule proposed within the plan for completion.
WHEREAS, the
Downtown Library Tax Increment Financing Plan was approved by the Council by
passage of Ordinance No. 021400 on November 26, 2002; and
WHEREAS,
Section 99.865.3, RSMo, provides that five years after the establishment of a
redevelopment plan and every five years thereafter, the Council shall hold a
public hearing regarding those redevelopment plans and projects created
pursuant to Sections 99.800 to 99.865, RSMo, for the purpose of determining if
the redevelopment project is making satisfactory progress under the proposed
time schedule contained within the approved plans for completion of such
projects; and
WHEREAS,
after proper notice, the Council has held the statutory hearing regarding the
Plan; NOW, THEREFORE,
BE
IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section
1. That the Council hereby determines that the Downtown Library Tax Increment
Financing Plan is making satisfactory progress under the time schedule proposed
within the approved plan for completion of the projects.
Section
2. That the Council further finds that, as required by Section 99.865.3, RSMo,
the required notices were published and the required hearing was held.
_____________________________________________
Approved
as to form and legality:
___________________________________
Brian
T. Rabineau
Assistant City Attorney