ORDINANCE NO. 060370
Authorizing the Director of City
Development to enter into a contract with the Kansas City, Missouri
Homesteading Authority and Beacon Hill Developers, LC for the redevelopment of
the Beacon Hill area.
WHEREAS, in
1999, the City initiated planning and redevelopment activities in an area known
as Beacon Hill which area is generally bounded by 22nd Street on the
north, 27th Street on the south, Troost on the west, and The Paseo
and Vine Street on the east ("Beacon Hill"); and
WHEREAS, on November
30, 2001, Beacon Hill Developers (Developer) filed with the City Clerk of
Kansas City, Missouri, a development plan, together with an application for
approval of the development plan, providing for the construction of a
redevelopment project in Beacon Hill ("Project Area"), and filed an
Amended and Restated Development Plan on May 22, 2002 ("Development
Plan"); and
WHEREAS, the City
Council did on May 23, 2002, pass Committee Substitute for Ordinance No. 020442
which declared that the Project Area was a blighted area, that redevelopment,
rehabilitation and reconstruction thereof are necessary for the public
convenience and necessity and approved Developer's Development Plan; and
WHEREAS, following
the City Councils approval of the Development Plan, Developer entered into
that certain Development Contract with the Housing and Economic Development
Finance Corporation ("HEDFC") dated July 22, 2004 ("Development
Contract") wherein Developer and HEDFC agreed to undertake various
redevelopment activities of the Project Area in furtherance of that certain
Cooperative Contract by and between the City and HEDFC dated February 1, 2000
("Cooperative Contract") which authorized HEDFC to provide certain
lending, funding and development activities on behalf of the City; and
WHEREAS, prior
to execution of the Cooperative Contract, the Kansas City, Missouri
Homesteading Authority (Authority) had been formed by the City to provide
certain lending, funding and development activities on behalf of the City; and
WHEREAS, the City has
terminated its Cooperative Contract with HEDFC and desires to restate and amend
its commitments and obligations to Developer, by and through the Authority; and
WHEREAS, the
Developer has terminated its Development Contract with HEDFC and desires to
restate and amend its commitments and obligations to City and Authority; and
WHEREAS, the City,
Authority and Developer desire to enter into a contract to implement the
redevelopment activities described herein; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That the
Director of City Development is hereby authorized, on behalf of the City, to
enter into a contract with the Kansas City, Missouri Homesteading Authority and
Beacon Hill Developers, LC for the purpose of providing redevelopment services
in the Beacon Hill Project Area. A copy of the contract, in substantial form,
is on file in the office of the Director of City Development and is incorporated
herein by reference.
_______________________________________________
Approved
as to form and legality:
________________________
Nicole
Rowlette
Assistant City Attorney