COMMITTEE SUBSTITUTE
FOR ORDINANCE NO. 080038
Authorizing the Director of
Finance to enter into a Sixth Supplementary Contract with Wild Hawk, L.L.C., to
modify the tax abatement for Phase IIA and approve the Assignment of the
Development Rights to Same.
WHEREAS, the Front
Street and 435 Redevelopment Corporation, an urban redevelopment corporation of
Missouri, organized under and pursuant to the Urban Redevelopment Corporations
Act of 1945, as amended, on July 29, 1987, filed with the City Clerk an
application for approval of a development plan which was approved by Ordinance
No. 61632, passed October 2, 1987; and
WHEREAS, the Front
Street and 435 Redevelopment Corporation filed its First Amendment to the
Development Plan which was approved by Ordinance No. 62985, passed September 8,
1988; and
WHEREAS, the Front
Street and 435 Redevelopment Corporation filed its Second Amendment to the
Development Plan which was approved by Ordinance No. 65496, passed May 17,
1990; and
WHEREAS, the Front
Street and 435 Redevelopment Corporation filed its Third Amendment to the
Development Plan which was approved by Ordinance No. 921109, passed October 15,
1992; and
WHEREAS, the Front
Street and 435 Redevelopment Corporation filed its Fourth Amendment to the
Development Plan which was approved by Ordinance No. 961262, passed October 17,
1996; and
WHEREAS, the
Front Street and 435 Redevelopment Corporation filed its Fifth Amendment to the
Development Plan on August 31, 2000 which was approved by Ordinance No. 010017,
passed February 15, 2001; and
WHEREAS, Wild Hawk,
L.L.C has requested the approval of the assignment of the Development Rights to
Phase IIa of the Development Plan, as amended to facilitate the development of
said Phase; and
WHEREAS, Wild
Hawk, L.L.C. has requested an amendment to the Contract to modify the tax
abatement for Phase IIa which will facilitate the subsequent filing of an
amendment to the Urban Redevelopment (URD) zoning and an amendment to the
Development Plan for the development of Phase IIa therein; NOW, THEREFORE,
BE IT ORDAINED
BY THE COUNCIL OF KANSAS CITY:
Section 1. That
the Sixth Supplementary Contract between the City and Wild Hawk, L.L.C., a
copy of which is on file in the office of the City Clerk with this ordinance, and
which is hereby incorporated by reference, is approved as the Sixth Supplementary
Contract.
Section 2. That the
Council hereby finds and declares that good cause has been shown for the
approval of said Sixth Supplementary Contract for Wild Hawk, L.L.C.
Section 3. That the
Director of Finance is hereby, authorized and directed on behalf of the City to
enter into a Sixth Supplementary Contract with Wild Hawk, a copy of which in
substantial form is attached hereto and incorporated herein by reference.
Prior to execution, Wild Hawk, L.L.C. shall file all annual reports required by
the contract and previous supplementary contracts for Phase IIa only of the
Development Plan, in such form as approved by the Director of Finance. In
addition the Sixth Supplementary Contract shall contain a clawback provision
requiring that Wild Hawk, L.L.C. maintain 138 full time employees. In
addition, the Sixth Supplementary Contract shall be contingent upon the filing
by Wild Hawk, L.L.C. of applications to amend the URD and the Redevelopment
Plan to cause them to conform to the schedule changes in the Sixth
Supplementary Contract within 30 days of the passage of this ordinance.
_______________________________________________________
Approved
as to form and legality:
_______________________________
Heather
A. Brown
Assistant City Attorney