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Legislation #: 010814 Introduction Date: 5/24/2001
Type: Ordinance Effective Date: 6/10/2001
Sponsor: None
Title: Authorizing execution of a Cooperative Agreement with the Tax Increment Financing Commission of Kansas City, Missouri, for the purpose of administering the Midtown Housing Program approved as part of the Third Amendment to the Midtown Redevelopment Tax Increment Financing Plan and directing the City Clerk to file certain documents with the appropriate offices.

Legislation History
DateMinutesDescription
5/24/2001

Prepare to Introduce

5/24/2001

Referred Finance and Audit Committee

5/30/2001

Advance and Do Pass

5/31/2001

Passed


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ORDINANCE NO. 010814

 

Authorizing execution of a Cooperative Agreement with the Tax Increment Financing Commission of Kansas City, Missouri, for the purpose of administering the Midtown Housing Program approved as part of the Third Amendment to the Midtown Redevelopment Tax Increment Financing Plan and directing the City Clerk to file certain documents with the appropriate offices.

 

WHEREAS, the City adopted Committee Substitute for Ordinance No. 001466, As Amended, which provides for a housing program to be implemented in connection with the Midtown Redevelopment Tax Increment Financing Plan; and

 

WHEREAS, pursuant to Committee Substitute for Ordinance No. 001466, As Amended, the Third Amendment to the Midtown Redevelopment Tax Increment Financing Plan provides that the City will administer the Midtown Housing Program; and

 

WHEREAS, pursuant to Committee Substitute for Resolution No. 010668, the City declared its intent to execute a contract with the Tax Increment Financing Commission of Kansas City, Missouri, for the programs first year of operation; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Director of the Department of City Development is hereby authorized to execute a Cooperative Agreement, on behalf of the City, with the Tax Increment Financing Commission of Kansas City, Missouri, for the purpose of administering the Midtown Housing Program approved as part of the Third Amendment to the Midtown Redevelopment Tax Increment Financing Plan. A copy of the Cooperative Agreement, in substantial form, is attached hereto and is hereby approved.

 

Section 2. That the City Clerk is hereby directed to file copies of this Cooperative Agreement, together with a copy of this ordinance, with the office of the Secretary of State of Missouri and with the Department of Records for Jackson County, Missouri.

 

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Approved as to form and legality:

 

 

 

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Assistant City Attorney