KC Skyline

City Clerk Web Search

Search the Ordinances:

Legislation #: 101048 Introduction Date: 12/16/2010
Type: Ordinance Effective Date: 1/23/2011
Sponsor: None
Title: Repealing Committee Substitute for Ordinance No. 951484, which approved and designated Eleventh Street Corridor Redevelopment Project W of the Eleventh Street Corridor Tax Increment Financing Plan, as amended, as a Redevelopment Project and adopted tax increment financing therein; and repealing Section 1 of Ordinance No 991015, to correct errors in the Estimated Redevelopment Project Costs exhibit.

Legislation History
DateMinutesDescription
12/13/2010 Filed by the Clerk's office
12/16/2010 Referred to Finance and Audit Committee
1/12/2011 Advance and Do Pass, Debate
1/13/2011 Passed

View Attachments
FileTypeSizeDescription
101048.pdf Authenticated 121K AUTHENTICATED
11th Street Exhibit 4 Delete Project W (00132020).pdf Exhibit 120K Exhibit 4
http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=101048 Video Link 0K http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=101048
TIF project w repeal fact sheet.XLS Fact Sheet 91K Fact Sheet 11th St. Corridor TIF Plan

Printer Friendly Version

ORDINANCE NO. 101048

Repealing Committee Substitute for Ordinance No. 951484, which approved and designated Eleventh Street Corridor Redevelopment Project W of the Eleventh Street Corridor Tax Increment Financing Plan, as amended, as a Redevelopment Project and adopted tax increment financing therein; and repealing Section 1 of Ordinance No 991015, to correct errors in the Estimated Redevelopment Project Costs exhibit.

WHEREAS, pursuant to the Real Property Tax Increment Allocation Redevelopment Act, Sections 99.800 to 99.865 of the Revised Statutes of Missouri, 1986, as amended (the "Act"), the City Council of Kansas City, Missouri, by Ordinance No. 54556, passed on November 24, 1982, and thereafter repealed and amended in certain respects by Committee Substitute to Ordinance No. 911076, as amended, passed on August 29, 1991, and Ordinance No. 100089, passed on January 28, 2010, created the Tax Increment Financing Commission of Kansas City, Missouri (the "Commission"); and

WHEREAS, on December 10, 1992, the City of Kansas City, Missouri, adopted the Eleventh Street Corridor Tax Increment Financing Plan by Ordinance No. 921355, which approved the Redevelopment Plan, found the area described therein ("Redevelopment Area") to qualify as a Conservation area; and designated the Redevelopment Area as a Redevelopment Area pursuant to the Act; and

WHEREAS, on April 11, 1994, the Commission recommended adoption of the First Amendment to the Eleventh Street Corridor Tax Increment Financing Plan (the "First Amendment") by way of Resolution No. 94-35 and on June 23, 1994, the City of Kansas City, Missouri approved the First Amendment by Ordinance No. 940721; and

WHEREAS, on September 20, 1995, the Commission recommended adoption of the Second Amendment to the Eleventh Street Corridor Tax Increment Financing Plan (the "Second Amendment") by way of Resolution No. 95-84 and on November 21, 1995, the City of Kansas City, Missouri approved the Second Amendment by Ordinance No. 951478; and

WHEREAS, on March 20, 1996, the Commission recommended adoption of the Third Amendment to the Eleventh Street Corridor Tax Increment Financing Plan (the "Third Amendment") by way of Resolution No. 96-30 and on April 11, 1996, the City of Kansas City, Missouri approved the Third Amendment by Ordinance No. 960295; and

WHEREAS, on September 9, 1998, the Commission determined not to adopt a proposed Fourth Amendment to the Eleventh Street Corridor Tax Increment Financing Plan; and

WHEREAS, on October 14, 1998, the Commission recommended adoption of the Fifth Amendment to the Eleventh Street Corridor Tax Increment Financing Plan (the "Fifth Amendment") by way of Resolution No. 10-2-98 and on November 23, 1998, the City of Kansas City, Missouri approved the Fifth Amendment by Ordinance No. 981334; and

WHEREAS, the Fifth Amendment deleted Project W as a Redevelopment Project; and

WHEREAS, on May 12, 1999, the Commission recommended adoption of the Sixth Amendment to the Eleventh Street Corridor Tax Increment Financing Plan (the "Sixth Amendment") by way of Resolution No. 5-4-99 and on September 2, 1999, the City of Kansas City, Missouri approved the Sixth Amendment by Ordinance No. 991015; and

WHEREAS, Ordinance No. 991015 included an Exhibit 4, “Estimated Redevelopment Project Costs” which did not delete references to Project W; and

WHEREAS, on November 26, 2002, the Council approved Committee Substitute for Ordinance No. 951484, which approved and designated Eleventh Street Corridor Redevelopment Project W of the Plan, as amended, as a Redevelopment Project and adopted tax increment financing therein; and

WHEREAS, it is the intention of the Council to repeal Committee Substitute for Ordinance No. 951484, which approved Project W, and to delete the existing Exhibit 4, “Estimated Redevelopment Project Costs”, and replace it with a new Exhibit 4 attached to this ordinance; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That Committee Substitute for Ordinance No. 951484, which approved and designated Eleventh Street Corridor Redevelopment Project W of the Eleventh Street Corridor Tax Increment Financing Plan, as amended, as a Redevelopment Project and adopted tax increment financing therein, is hereby repealed.

Section 2. That Ordinance No. 991015 is hereby amended by repealing Section 1 of Ordinance No. 991015 and enacting a new section in its place, to read as follows:

Section 1. The recommendations of the Commission concerning the Sixth Amendment as set forth in the Resolution attached hereto as Exhibit "A" are hereby accepted and the Sixth Amendment, a copy of which is attached hereto as Exhibit "B", with the deletion of the existing Exhibit 4, “Estimated Redevelopment Project Costs”, and the substitution of a new corrected Exhibit 4, is hereby approved and adopted as valid and the Redevelopment Projects contained therein are hereby authorized.

Section 3. That actions of all City officials and the Tax Increment Financing Commission of Kansas City, Missouri, in allocating, paying, depositing, receiving and/or disbursing payments in lieu of taxes or economic activity taxes in connection with the Sixth and subsequent amendment, which have been approved after September 2, 1999, but prior to the effective date of this ordinance, are hereby ratified and approved.

Section 4. That the remaining sections of Ordinance No. 991015 remain in full force and effect.

____________________________________________________

Approved as to form and legality:

 

 

________________________________

Galen P. Beaufort

City Attorney