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Legislation #: 170517 Introduction Date: 7/13/2017
Type: Ordinance Effective Date: none
Sponsor: None
Title: Authorizing the Director of Finance to create in the records of the City the Central City Economic Development Sales Tax Fund.

Legislation History
DateMinutesDescription
7/12/2017 Filed by the Clerk's office
7/13/2017 Referred to Finance and Governance Committee
7/19/2017 Do Pass
7/20/2017 Assigned to Third Read Calendar
7/27/2017 Passed

View Attachments
FileTypeSizeDescription
170517.pdf Advertise Notice 105K Authenticated
00563 Fiscal Note.xlsx Fiscal Note 22K Fiscal Note
00563 Fact Sheet.docx Fact Sheet 23K Fact sheet

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ORDINANCE NO. 170517

 

Authorizing the Director of Finance to create in the records of the City the Central City Economic Development Sales Tax Fund.

 

WHEREAS, Ordinance No. 160861 put before the voters the question of enacting an economic development sales tax devoted to projects located within the area bounded by 9th Street on the north, Gregory Boulevard on the south, The Paseo on the west, and Indiana Avenue on the east, which may include the retirement of debt under previously authorized bonded indebtedness or to repay bonds not yet issued; and

 

WHEREAS, in a Special Election called on April 4, 2017, the voters of the City of Kansas City, Missouri approved Question 4 allowing the City of Kansas City to impose a sales tax of 1/8 percent to be used for funding economic development projects within the above defined area; and

 

WHEREAS, in order to properly monitor, track, and account for the funds collected and expended for the projects, the Director of Finance will create in the records of the City the Central City Economic Development Sales Tax Fund; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That Fund No. 2200, Central City Economic Development Sales Tax Fund, is hereby established in the records of the City of Kansas City, Missouri.

 

_____________________________________________

 

Approved as to form and legality:

 

 

___________________________________

Brian T. Rabineau

Assistant City Attorney