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Legislation #: 190182 Introduction Date: 2/28/2019
Type: Ordinance Effective Date: none
Sponsor: None
Title: Acknowledging that the 23-year statutory period for the capture of tax increment allocation financing within the Project M of the 11th Street Corridor Tax Increment Financing Plan has expired; terminating the designation of Project M of the 11th Street Corridor Tax Increment Financing Plan as a redevelopment project therein; and directing the Clerk to send a copy of this ordinance to Jackson County.

Legislation History
DateMinutesDescription
2/26/2019 Filed by the Clerk's office
2/28/2019 Referred to Planning, Zoning & Economic Development Committee
3/20/2019 Do Pass
3/21/2019 Assigned to Third Read Calendar
3/28/2019 Passed

View Attachments
FileTypeSizeDescription
190182.pdf Authenticated 66K Authenticated
00208291.pptx Other 3564K Presentation
00209182.DOCX Other 21K Draft ordinance
00209185.XLS Other 77K fact sheet

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ORDINANCE NO. 190182

 

Acknowledging that the 23-year statutory period for the capture of tax increment allocation financing within the Project M of the 11th Street Corridor Tax Increment Financing Plan has expired; terminating the designation of Project M of the 11th Street Corridor Tax Increment Financing Plan as a redevelopment project therein; and directing the Clerk to send a copy of this ordinance to Jackson 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. 921355, on December 10, 1992, approved the 11th Street Corridor Tax Increment Financing Plan; and

 

WHEREAS, Project M was approved by passage of Ordinance No. 951479; and

 

WHEREAS, the 23-year statutory period for the capture of tax increment allocation financing within Project M of the 11th Street Corridor Tax Redevelopment Area has expired; and

 

WHEREAS, the Commission, at its February 13, 2019, meeting, recommended termination of the designation of Project M of the 11th Street Corridor Tax Increment Financing Plan; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Council hereby acknowledges that the 23-year statutory period for the capture of tax increment allocation financing within Project M of the 11th Street Corridor Tax Redevelopment Area has expired.

 

Section 2. That the designation of Project M of the 11th Street Corridor Tax Increment Financing Plan as a redevelopment project is hereby terminated.

 

Section 3. That the City Clerk is hereby directed to send a copy of this ordinance to Jackson County.

 

________________________________________________

 

Approved as to form and legality:

 

 

_____________________________

Galen Beaufort

Assistant City Attorney