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.

..P

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.

_____________________________________________

Approved as to form and legality:

___________________________________

Assistant City Attorney