ORDINANCE NO. 900642
Approving the First Supplementary Contract between the
City and Warner Plaza Redevelopment Corporation and authorizing the Director of
Finance to execute same.
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WHEREAS, on August 4, 1989, the Warner Plaza
Redevelopment Corporation filed an application for development plan with the
City Clerk; and
WHEREAS, on March 1, 1990, said development plan
submitted by Warner Plaza Redevelopment Corporation was approved by Ordinance
No. 64881; and
WHEREAS, Ordinance No. 64881 also authorized the
Director of Finance to enter into a contract with the Warner Plaza
Redevelopment Corporation on behalf of the City; and
WHEREAS, on April 10, 1990, the City and the Warner
Plaza Redevelopment Corporation executed such contract to allow for the
development of the Warner Plaza Redevelopment Project; and
WHEREAS, subsequent to the execution of such
contract, it was determined that further clarification was required for
paragraph 26 of the contract relating to the payment in lieu of taxes; NOW,
THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section A. That the First Supplementary Contract
between the City and Warner Plaza Redevelopment Corporation, a copy of which is
attached hereto and made a part hereof, is hereby approved.
Section B. That the Director of Finance is hereby
authorized to execute said First Supplementary Contract on behalf of the City.
Section C. That all other terms and provisions in
Ordinance No. 64881 remain in full force and effect.
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Approved as to form and
legality:
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Assistant City Attorney