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Legislation #: 180989 Introduction Date: 12/20/2018
Type: Ordinance Effective Date: none
Sponsor: None
Title: Acknowledging that the 23-year statutory period for the capture of tax increment allocation financing within the 40th _ Mill Project of the Midtown Redevelopment Tax Increment Financing Plan has expired; terminating the designation of the 40th _ Mill Project of the Plan as a redevelopment project; and directing the City Clerk to send copies of this ordinance to Jackson County.

Legislation History
DateMinutesDescription
12/17/2018 Filed by the Clerk's office
12/20/2018 Referred to Planning, Zoning & Economic Development Committee
1/9/2019 Advance and Do Pass, Debate
1/10/2019 Passed

View Attachments
FileTypeSizeDescription
180989.pdf Authenticated 61K Authentication
00207353.pptx Other 4689K Presentation
180989 Fact Sheet.pdf Fact Sheet 87K Fact Sheet
00207442.DOCX Other 21K Draft ordinance

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ORDINANCE NO. 180989

 

Acknowledging that the 23-year statutory period for the capture of tax increment allocation financing within the 40th & Mill Project of the Midtown Redevelopment Tax Increment Financing Plan has expired; terminating the designation of the 40th & Mill Project of the Plan as a redevelopment project; and directing the City Clerk to send copies of this ordinance to Jackson County.

 

WHEREAS, pursuant to the Real Property Tax Increment Allocation Redevelopment Act, Sections 99.800 to 99.865 of the Revised Statutes of Missouri, as amended (the "Act"), the City Council of Kansas City, Missouri, by Ordinance No. 54556, passed on November 24, 1982, and further amended thereafter, created the Tax Increment Financing Commission of Kansas City, Missouri (the "Commission"); and

 

WHEREAS, the Council, by passage of Ordinance No. 930666, as amended by Ordinance No. 941127, approved the Midtown Redevelopment Tax Increment Financing Plan (the “Midtown TIF Plan” or “Plan”) and designated an area described by the Plan as a redevelopment area (the “Redevelopment Area”); and

 

WHEREAS, the Redevelopment Area is generally bounded by 25th Street, The Paseo, 47th Street and State Line Road in Kansas City, Jackson County, Missouri; and

 

WHEREAS, the Council approved tax increment allocation financing for the 40th & Mill (the “Expired Project”) by Ordinance No. 930065 and tax increment financing for the project became effective on August 14, 1995; and

 

WHEREAS, the 23-year period for the capture of tax increment allocation financing has expired and it is appropriate to terminate the designation of the Expired Project; and

 

WHEREAS, the Commission, at its December 12, 2018, meeting, adopted Resolution No. 12-10-18, which recommends termination of the designation of the Expired Project; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Council hereby acknowledges that the 23-year statutory period for the capture of tax increment allocation financing within the 40th & Mill Project of the Midtown Redevelopment Area has expired.

 

Section 2. That the designation of the 40th & Mill Project as a redevelopment project is hereby terminated.

 


Section 3. That the City Clerk is hereby directed to send copies of this ordinance to Jackson County.

 

_______________________________________

 

Approved as to form and legality:

 

 

______________________________

Brian T. Rabineau

Assistant City Attorney