ORDINANCE NO. 120219
Authorizing execution of a
Cooperative Agreement with the Tax Increment Financing Commission of Kansas
City, Missouri, for the purpose of administering the Midtown Housing Program of
the Midtown Redevelopment Tax Increment Financing Plan.
WHEREAS, pursuant
to Committee Substitute for Ordinance No. 001466, as amended, the Third
Amendment to the Midtown Redevelopment Tax Increment Financing Plan (the “TIF
Plan”) provides that the City will administer the Midtown Housing Program,
which may include administration through one or more “Program Delivery
Contractors” with established ties to the City and the Commission and which are
familiar with housing programs within the City; and
WHEREAS,
pursuant to the Committee Substitute for Resolution No. 010668 adopted by the
City Council on May 3, 2001, the City Council set forth its policy that it
remain responsible for the implementation of the Midtown Housing Program and
declared its intent to execute a contract with the Commission for the program’s
first year of operations; and
WHEREAS, subsequent
ordinances authorized cooperative agreements with the Commission for
administration of the Midtown Housing Program and said agreements were
subsequently executed; and
WHEREAS, the most
recent cooperation agreement has expired and the City and Commission desire to
enter into a new Cooperative Agreement for the purpose of administering the
Midtown Housing Program, as approved pursuant to the Third Amendment to the TIF
Plan; NOW, THEREFORE,
BE IT ORDAINED
BY THE COUNCIL OF KANSAS CITY:
Section 1. That
the Director of the Department of City Development is hereby authorized to
execute a Cooperative Agreement, on behalf of the City, with the Tax Increment
Financing Commission of Kansas City, Missouri, for the purpose of administering
the Midtown Housing Program approved as part of the Third Amendment to the
Midtown Redevelopment Tax Increment Financing Plan, for a period from April 1, 2012
to March 30, 2017. A copy of the Cooperative Agreement, in substantial form,
is attached hereto and is hereby approved.
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Approved as to form and legality:
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Cecilia Abbott
Assistant
City Attorney