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Legislation #: 160240 Introduction Date: 3/31/2016
Type: Ordinance Effective Date: none
Sponsor: None
Title: Amending Ordinance No. 970715 by repealing and reenacting Sections 2 and 4 for the purposes of revising the legal description of, and renaming, Project No. XVII of the Briarcliff West Tax Increment Financing Plan, as amended, and making the text consistent with the governing statute; and directing the City Clerk to transmit a copy of this ordinance.

Legislation History
DateMinutesDescription
3/31/2016 Filed by the Clerk's office
3/31/2016 Referred to Planning, Zoning & Economic Development Committee
4/6/2016 Advance and Do Pass as a Committee Substitute, Debate
4/7/2016 Passed as Substituted

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160240.pdf Authenticated 126K Authenticated
160240 Fact Sheet.pdf Fact Sheet 224K Fact Sheet

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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 160240

 

Amending Ordinance No. 970715 by repealing and reenacting Sections 2 and 4 for the purposes of revising the legal description of, and renaming, Project No. XVII of the Briarcliff West Tax Increment Financing Plan, as amended, and making the text consistent with the governing statute; and directing the City Clerk to transmit a copy of this ordinance.

 

WHEREAS, pursuant to the Real Property Tax Increment Allocation Redevelopment Act, Sections 99.800 to 99.865, RSMo, as amended (the “TIF Act”), the City Council of Kansas City, Missouri (the “City Council”) by Ordinance No. 54556 passed on November 24, 1982, and thereafter repealed and amended in certain respects by Committee Substitute for Ordinance No. 911076, as amended, passed on August 29, 1991, Ordinance No. 100089, passed on January 28, 2010, Ordinance No. 130986, passed on December 19, 2013, and Committee Substitute for Ordinance No. 140823, As Amended, passed on June 18, 2015, created Tax Increment Financing Commission of Kansas City, Missouri (the “Commission”); and

 

WHEREAS, on May 3, 1990, the City Council passed Ordinance No. 65497, which accepted the recommendations of the Commission as to the Briarcliff West Tax Increment Financing Plan ("Redevelopment Plan") and designated the Redevelopment Area therein to be a blighted area; and

 

WHEREAS, the City Council, by its passage of a series of ordinances, has amended the Redevelopment Plan on numerous occasions since it was first approved; and

 

WHEREAS, the Redevelopment Plan, as amended, contemplates the implementation of the improvements described therein through several Redevelopment Projects; and

 

WHEREAS, on December 10, 1998, the City Council passed Ordinance No. 970715, which approved and designated Redevelopment Project No. XVII of the Redevelopment Plan, as amended, as a Redevelopment Project and adopted tax increment allocation financing therein; and

 

WHEREAS, the developer of the Redevelopment Plan, as designated by the Commission, Clay County and the Commission have determined that the legal description for Redevelopment Project No. XVII requires revision due to subsequent replatting within the Redevelopment Area and such revisions do not alter the boundaries of the Redevelopment Project; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section A. That Ordinance No. 970715 is hereby amended by repealing Section 2 and enacting a new Section 2 in its place, to read as follows:

 

Section 2. Effective as of the original effective date of Ordinance No. 970715, the following described area is hereby designated as Briarcliff West Redevelopment Project No. Xc, legally described as follows: 

 

Lot 3, BRIARCLIFF LAKE, a subdivision in Kansas City, Clay County, Missouri.

 

Section B. That Ordinance No. 970715 is hereby amended by repealing Section 4 and enacting a new Section 4 in its place, to read as follows:

 

Section 4. That in addition to the payments in lieu of taxes described in subsection 2 of Section 3 above, fifty percent (50%) of the total additional revenue from taxes which are imposed by the City or taxing districts, and which are generated by economic activities within the area selected for each redevelopment project over the amount of such taxes generated by economic activities within such area in the calendar year prior to the passage of this ordinance, while tax increment financing remains in effect, but excluding certain taxes, fees and special assessments specifically identified by the TIF Act, other than payments in lieu of taxes, shall be allocated to, and paid by the collecting officer to the City Treasurer or other designated financial officer of the City, who shall deposit such funds in a separate segregated account within the Special Allocation Fund for the purpose of paying Redevelopment Project Costs and obligations incurred in the payment thereof. 

 

Section C. That all references in Ordinance No. 970715 to Project No. XVII shall be regarded as referring to Briarcliff West Redevelopment Project No. Xc as the same has been renamed herein.

 

Section D. That the City Clerk shall send a copy of this ordinance to the County Clerk of Clay County, Missouri.

 

______________________________________________

 

Approved as to form and legality:

 

 

  ______________________________

Brian T. Rabineau

Assistant City Attorney