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Legislation #: 200227 Introduction Date: 3/19/2020
Type: Ordinance Effective Date: none
Sponsor: COUNCILMEMBER BUNCH
Title: Authorizing the City Manager to execute an Intergovernmental Cooperative Agreement with the Port Authority of Kansas City, Missouri for the conveyance of certain real property located in the River Market and generally bounded by 4th Street on the north, 5th Street on the south, Main Street on the east, and an access alley on the west; and authorizing the Director of General Services to execute such deeds and other documents as may be necessary for the conveyance.

Legislation History
DateMinutesDescription
3/19/2020 Filed by the Clerk's office
3/19/2020 Referred to Neighborhood Planning and Development Committee
3/25/2020 Hold On Agenda (4/29/2020)
4/29/2020 Hold On Agenda (5/13/2020)
5/13/2020 Hold On Agenda (6/17/2020)
6/17/2020 Hold On Agenda (7/8/2020)
7/8/2020 Hold On Agenda (7/22/2020)

View Attachments
FileTypeSizeDescription
5th and Main RFP - 200227 Council PowerPoint 042920 NPD.pdf Staff Report 2456K Presentation
200227 Fact Sheet2.pdf Fact Sheet 86K Fact Sheet
ICA PortKC Clean 042020 .pdf Agreement 67K Intergovernmental Cooperative Agreement PortKC DRAFT

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ORDINANCE NO. 200227

 

Authorizing the City Manager to execute an Intergovernmental Cooperative Agreement with the Port Authority of Kansas City, Missouri for the conveyance of certain real property located in the River Market and generally bounded by 4th Street on the north, 5th Street on the south, Main Street on the east, and an access alley on the west; and authorizing the Director of General Services to execute such deeds and other documents as may be necessary for the conveyance.

  

WHEREAS, the City of Kansas City, Missouri (“City”) and the Port Authority of Kansas City (“Port KC”) are political subdivisions of the State of Missouri and are authorized to accept, receive, transfer and convey real property, and to cooperate with each other to accomplish their purposes; and

 

WHEREAS, City owns real property located in the River Market and generally bounded by 4th Street on the north, 5th Street on the south, Main Street on the east, and an access alley on the west (“Subject Property”); and

 

WHEREAS, the Subject Property is currently being underutilized as a surface parking lot; and

 

WHEREAS, Port KC has proposed to develop the Subject Property to a higher use, which will include the construction of affordable housing, all while preserving the existing parking levels; and

 

WHEREAS, the development of the Subject Property serves a predominantly public municipal purpose because, without limitation, vertical development will (i) add to the City’s affordable housing stock; (ii) enhance the tax base of Subject Property and surrounding area; (iii) retain and generate jobs; (iv) promote economic development in the area of the City in which the Subject Property is located; (v) result in generation of tax revenues to the City from the conduct of business and other activities in the City that would not otherwise occur; and (vi) serve as a catalyst for additional investment in and further redevelopment and rehabilitation of the area of the City in which the Subject Property is located; NOW THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the City Manager is hereby authorized to execute an Intergovernmental Cooperative Agreement with the Port Authority of Kansas City for the conveyance of the Subject Property with such changes therein as shall be approved by the City Manager that further the intentions of this ordinance. Such agreement is hereby approved in substantial form and substance as attached hereto.

 


Section 2. That the Director General Services is hereby authorized to execute the special warranty deed, subject to any and all existing leases or other pre-existing agreements related to the Subject Property, and all other closing documents related to the transfer and conveyance of the Subject Property as set forth in the Intergovernmental Cooperative Agreement.

 

____________________________________

 

Approved as to form and legality:

 

 

_______________________________

Katherine Chandler

Assistant City Attorney