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ORDINANCE
NO. 150499
Determining that
the North Oak Tax Increment Financing Plan is making satisfactory progress
under the time schedule proposed within the plan for completion.
WHEREAS, the North Oak
Tax Increment Financing Plan was approved by the Council by passage of Ordinance
No. 050104 on February 24, 2005; 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 North Oak 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