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Legislation #: 050846 Introduction Date: 7/14/2005
Type: Resolution Effective Date: none
Sponsor: COUNCILMEMBER XBARNES
Title: Authorizing the Economic Development Corporation of Kansas City, Missouri, to submit an application on behalf of the City for designation of an enhanced enterprise zone program area, to be known as Enhanced Enterprise Zone 3, to the State of Missouri pursuant to provisions of Senate Bill No. 1155; requesting that the Economic Development Corporation of Kansas City, Missouri draft policies for the operation of the program; and staff and operate the program under the direction of the Board and of the City Council.

Legislation History
DateMinutesDescription
7/12/2005 Filed by the Clerk's office
7/14/2005 Referred to Planning, Zoning & Economic Development Committee
7/20/2005 Immediate Adoption
7/28/2005 Adopted

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RESOLUTION NO. 050846

 

Authorizing the Economic Development Corporation of Kansas City, Missouri, to submit an application on behalf of the City for designation of an enhanced enterprise zone program area, to be known as Enhanced Enterprise Zone 3, to the State of Missouri pursuant to provisions of Senate Bill No. 1155; requesting that the Economic Development Corporation of Kansas City, Missouri draft policies for the operation of the program; and staff and operate the program under the direction of the Board and of the City Council.

 

WHEREAS, the City Council has determined that it is proper and fitting to establish an enhanced enterprise zone (EEZ) program pursuant to the provisions of Senate Bill No. 1155 to provide certain incentives for businesses to locate or expand in the designated zone; and

 

WHEREAS, the City Council designates the boundaries of the Enhanced Enterprise Zone 3 to be an irregularly shaped area generally bounded on the north by East 23rd Street, on the east by the city limits of the City of Kansas City, Missouri, on the south by Interstate 470 and the city limits of the City of Kansas City, Missouri and on the west by Interstate 435 and Troost Avenue. Zone 3 is located in Jackson County; and

 

WHEREAS, the City Council, in accordance with the provisions of Senate Bill No. 1155, directs that improvements to real property shall be exempt from assessment and payment of 50% of the ad valorem taxes on such improvements for a period of ten (10) years upon application for such exemption; and

 

WHEREAS, the granting of abatement of ad valorem taxes for rates and periods exceeding the 50% - 10 year exemption shall be done by passage of an ordinance or resolution by the City Council authorizing the exemption and establishing the terms of such exemption; and

 

WHEREAS, the City Council has determined that it will promote enhanced operational efficiency to request that its economic development entity, the Economic Development Corporation of Kansas City, Missouri, also manage this incentive program; NOW, THEREFORE,

 

BE IT RESOLVED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Board of Directors of the Economic Development Corporation of Kansas City, Missouri is hereby requested and authorized to prepare the application for the designation of an enhanced enterprise zone and submit the application, on behalf of the City, to the Director of the Department of Economic Development of the State of Missouri for designation of the following area as Enhanced Enterprise Zone 3:

 

An area generally bounded on the north by E. 23rd Street, on the east by the city limits of the City of Kansas City, Missouri, on the south by Interstate 470 and the city limits of the City of Kansas City, Missouri and on the west by Interstate 435 and Troost Avenue. Zone 3 is located in Jackson County.

 

Section 2. That the City hereby requests the Economic Development Corporation of Kansas City, Missouri to draft policies for the operation of the enhanced enterprise zone program for presentation to and approval by the Council.

 

Section 3. That the City further requests that the Economic Development Corporation of Kansas City, Missouri, staff and operate the enhanced enterprise zone program under the general direction of the Economic Development Corporation and the City Council.

 

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