KC Skyline

City Clerk Web Search

Search the Ordinances:

Legislation #: 180085 Introduction Date: 2/8/2018
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 Projects A and B of the Shoal Creek Parkway Tax Increment Financing Plan has expired; terminating the designation of Projects A and B of the Plan as redevelopment projects; and directing the City Clerk to send copies of this ordinance to Clay County.

Legislation History
DateMinutesDescription
2/6/2018 Filed by the Clerk's office
2/8/2018 Referred to Planning, Zoning & Economic Development Committee

View Attachments
FileTypeSizeDescription
180085 Fact Sheet.pdf Fact Sheet 343K Fact Sheet
00201248.DOCX Other 21K Draft ordinance

Printer Friendly Version

ORDINANCE NO. 180085

 

Acknowledging that the 23-year statutory period for the capture of tax increment allocation financing within the Projects A and B of the Shoal Creek Parkway Tax Increment Financing Plan has expired; terminating the designation of Projects A and B of the Plan as redevelopment projects; and directing the City Clerk to send copies of this ordinance to Clay 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, on November 10, 1994, the Council passed Ordinance No. 941443, which accepted the recommendations of the Commission as to the Shoal Creek Parkway Tax Increment Financing Plan (the “Plan”), approved the Redevelopment Plan, found the Redevelopment Area (the “Redevelopment Area”) to be an economic development area, and designated the area as a Redevelopment Area. The Plan has been amended 13 times; and

 

WHEREAS, the Redevelopment Area is generally bound on the north by NE 108th Street and Missouri Route 291, on the east by the Kansas City – Liberty city limits and Missouri Route 291, on the south by the Kansas City – Pleasant Valley city limits, and on the west by Indiana and N Eastern Avenue in Kansas City, Clay County, Missouri; and

 

WHEREAS, Projects A and B were approved by the passage of Ordinance Nos. 941444 and 941445, respectively, on November 10, 1994; 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 Projects A and B; and

 

WHEREAS, the Commission, at its December 13, 2017 meeting, adopted Resolution No. 12-6-17, which recommends termination of the designation of Projects A and B of the Plan; 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 Projects A and B of the Shoal Creek Parkway Redevelopment Area has expired.

 

Section 2. That the designation of Projects A and B as redevelopment projects is hereby terminated.

 

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

 

____________________________________________

 

Approved as to form and legality:

 

 

______________________________

Brian T. Rabineau

Assistant City Attorney