ORDINANCE NO. 010535

Determining the advisability of the 108th Cookingham Public Improvement Project and ordering the creation of a Neighborhood Improvement District for the project in Kansas City, Missouri.

WHEREAS, pursuant to the authority of Sections 67.453 to 67.475, inclusive, RSMo, titled the Neighborhood Improvement District Act (the Act), proceedings have been undertaken for certain improvements for a neighborhood improvement district in Kansas City, Missouri; and

WHEREAS, a petition signed by the owners of property within the proposed neighborhood improvement district has been filed with the City Clerk (the Petition) requesting improvements designated as the 108th Cookingham Public Improvement Project (the Project), said petition stating (a) the project name for the proposed improvements, (b) the nature of the improvements, (c) the estimated cost of the improvements, (d) the duration of the assessments for the improvements, (e) the boundaries of the improvement district to be assessed, and (f) the method of assessment; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. The City Council hereby finds and determines that the Petition requesting the Project is complete and proper in all respects, subject to certification of the Petition by the City Clerk.

Section 2. The City Council finds and determines that the Project is advisable and orders a neighborhood improvement district to be established for the Project.

A. The project name for the Project shall be:

108th Cookingham Neighborhood Improvement Project

B. The general nature of the improvements are the design and construction of sewer improvements, water improvements, electrical improvements, Belleview Road extension, Belleview Road bridge/crossing, grading and related work, Jefferson Street extension, and related engineering, financing, administrative, and project management activities. A description of the public improvements expected to be constructed in the Project is as follows:

Project Improvement Estimated Cost

Sewer line extension $ 150,000.00

Water line extension 175,000.00

Belleview Road extension 230,000.00

Belleview Road crossing 275,000.00

Jefferson Street 410,000.00

South Pump Station electricity 40,000.00

Grading 80,000.00

Engineering, interest, legal, administrative, project

management and miscellaneous 440,000.00

TOTAL $1,800,000.00

C. The estimated cost of the improvements is $1,800,000.00, all of which will be assessed against the property within the District. The final cost of the improvements assessed against the property within the District shall not exceed the estimated cost by more than 25%.

D. Assessments against the property within the District will be in substantially equal annual installments over a period of not more than 20 years.

E. The boundaries of the Neighborhood Improvement District to be assessed for the costs of the improvements are described as on Exhibits A, attached hereto. A map of the District is also included in Exhibit B. The District is located entirely within Kansas City, Missouri, an incorporated city.

F. The final cost of the Improvements shall be assessed against the property in the District as follows: 80% of the total cost shall be assessed against the commercial property within the District on a per square foot basis while 20% of the total cost shall be assessed against the residential property within the District on a per square foot basis. A map of the District identifying commercial and residential properties within the District is attached as Exhibit B.

Section 3. The improvements included in the Project are hereby authorized.

Section 4. This ordinance shall be in full force and effect ten (10) days from and after its passage by the City Council or upon certification by the City Clerk of the sufficiency of the Petition, whichever occurs later.

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Approved as to form and legality:

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Assistant City Attorney