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Legislation #: 200118 Introduction Date: 2/6/2020
Type: Ordinance Effective Date: none
Sponsor: None
Title: Acknowledging that the twenty-three year statutory period for the capture of tax increment allocation financing within the Project D of the Shoal Creek Parkway Tax Increment Financing Plan has expired; and terminating the designation of Project D of the Shoal Creek Parkway Tax Increment Financing Plan as a redevelopment project therein; and directing the City Clerk to send copies of this ordinance to Clay County.

Legislation History
DateMinutesDescription
2/5/2020 Filed by the Clerk's office
2/6/2020 Referred to Neighborhood Planning and Development Committee
2/12/2020 Do Pass
2/13/2020 Assigned to Third Read Calendar
2/20/2020 Passed

View Attachments
FileTypeSizeDescription
200118.pdf Authenticated 54K Authenticated Ordinance
Shoal Creek TIF - Expiration of Project D, powerpoint (00209997xA7821).PPTX Other 582K Presentation
00214965.XLS Fact Sheet 74K fact sheet

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ORDINANCE NO. 200118

 

Acknowledging that the twenty-three year statutory period for the capture of tax increment allocation financing within the Project D of the Shoal Creek Parkway Tax Increment Financing Plan has expired; and terminating the designation of Project D of the Shoal Creek Parkway Tax Increment Financing Plan as a redevelopment project therein; and directing the City Clerk to send copies of this ordinance to Clay County.

 

WHEREAS, pursuant to the Real Property Tax Increment Allocation Redevelopment Act, Sections 99.800 to 99.865 of the Revised Statutes of Missouri, as amended (the "Act"), the City Council of Kansas City, Missouri, by Ordinance No. 54556, passed on November 24, 1982, and further amended thereafter, created the Tax Increment Financing Commission of Kansas City, Missouri (the "Commission"); and

 

WHEREAS, the Council by passage of Ordinance No. 941443 on November 10, 1994, approved the Shoal Creek Parkway Tax Increment Financing Plan (“Shoal Creek TIF Plan”); and

 

WHEREAS, Project D was approved by passage of Ordinance No. 941447, on December 14, 1995; and

 

WHEREAS, the twenty-three year statutory period for the capture of tax increment allocation financing within Project D of the Shoal Creek Parkway Tax TIF Plan has expired; and

 

WHEREAS, the Commission, at its August 14, 2019 meeting, adopted Resolution No. 8-5-19, which recommends termination of the designation of Project D of the Shoal Creek Parkway TIF Plan; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Council hereby acknowledges that the twenty-three year statutory period for the capture of tax increment allocation financing within the Project D of the Shoal Creek Parkway TIF has expired.

 

Section 2. That the designation of Project D of the Shoal Creek Parkway TIF Plan as a redevelopment project is hereby terminated.

 

Section 3. That the City Clerk is hereby directed to send copies of this ordinance to Clay County.

 

____________________________________________________

 

Approved as to form and legality:

 

______________________________

Katherine Chandler

Assistant City Attorney