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Legislation #: 080726 Introduction Date: 7/17/2008
Type: Ordinance Effective Date: 8/17/2008
Sponsor: COUNCILMEMBER GOTTSTEIN AND COUNCILMEMBER MARCASON
Title:  Receiving the recommendations of the Tax Increment Financing Commission as to the W. 17th Street Tax Increment Financing Plan; approving the W. 17th Street Tax Increment Financing Plan; and designating a Redevelopment Area.

Legislation History
DateMinutesDescription
7/17/2008 Filed by the Clerk's office
7/17/2008 Referred to Finance and Audit Committee
7/23/2008 Hold On Agenda (7/30/2008)
7/30/2008 Do Pass as a Committee Substitute
7/31/2008 Assigned Third Read Calendar as Substituted
8/7/2008 Councilmember Circo Move to Amend
8/7/2008 Passed as Substituted and Amended

View Attachments
FileTypeSizeDescription
http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=080726 Video Link 0K http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=080726
080726.pdf Authenticated 230K Authenticated
080726 COMPARED CS to As Amended.doc Other 38K Comm Sub As Amend Compared Version
Economic Development Project Fact Sheet_West 17th Street - Project C - FINAL.pdf Fact Sheet 81K Economic Development Project Fact Sheet West 17th Street - Project C
ED I_Factors_Analysis_FINAL_7_30_2008.pdf Staff Report 162K ED & I Policy Factors Analysis and Summary
EconomicDistressvitagraph2000PDF.pdf Maps 2516K Economically Distressed Map
ED I_Factors_Analysis_FINAL_6_4_2008.pdf Staff Report 205K ED&I Policy Factors Analysis and Summary
Comprehensive Analytical Tool (CAT)_West 17th Street - Project C.pdf Exhibit 62K Comprehensive Analytical Tool (CAT)_West 17th Street - Project C - Exhibit to Economic Development Project Fact Sheet
Economic Development Project Fact Sheet_West 17th Street - Project C.pdf Fact Sheet 81K Economic Development Project Fact Sheet_West 17th Street - Project C
Other 0K W. 17th Street TIF Plan - on file with City Clerk
W. 17th Street TIF - Ordinance Fact Sheet (00100116).DOC Fact Sheet 52K W. 17th Street TIF Plan
W. 17th Street TIF - Request for Ordinance (00100113).DOC Request for Ordinance 27K W. 17th Street TIF Plan

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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 080726, AS AMENDED

 

 Receiving the recommendations of the Tax Increment Financing Commission as to the W. 17th Street Tax Increment Financing Plan; approving the W. 17th Street Tax Increment Financing Plan; and designating a Redevelopment Area.

 

  WHEREAS, the City Council of Kansas City, Missouri by Ordinance No. 54556 passed on November 24, 1982 and thereafter amended in certain respects by Committee Substitute for Ordinance No. 911076, as amended, passed on August 29, 1991, created the Tax Increment Financing Commission of Kansas City, Missouri (the "Commission"); and

  WHEREAS, the W. 17th Street Tax Increment Financing Plan (the Redevelopment Plan) was proposed to the Commission; and

WHEREAS, the Redevelopment Plan is a comprehensive program intended to reduce or eliminate blight and enhance the tax base within the redevelopment area (the Redevelopment Area) through the implementation of a number of separate Redevelopment Projects and the adoption of tax increment financing for each of the areas selected for such Redevelopment Projects; and

  WHEREAS, the Commission has been duly constituted and its members appointed; and, after all proper notice was given, the Commission met in public hearing and after receiving the comments of all interested persons and taxing districts with respect to the Redevelopment Plan, closed said public hearing on June 11, 2008, adopted its Resolution No. 6-20-08 (the Resolution), making no recommendation to the City Council regarding the Redevelopment Plan; NOW, THEREFORE,

  BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

  Section 1. The recommendation of the Commission concerning the Redevelopment Plan as set forth in the Resolution attached hereto as Exhibit "A", is hereby received and the Redevelopment Plan, a copy of which is attached hereto as Exhibit "B", is hereby approved and adopted.

  Section 2. All terms used in this ordinance shall be construed as defined in Sections 99.800 to 99.865 of the Revised Statutes of Missouri, as amended (the "Act").

  Section 3. The following described area is hereby designated a Redevelopment Area:

Part of Goodrich Addition, Bowmans Subdivision and Replat of Lots 12 15 and 27 30, Block 3, Goodrich Addition, all subdivisions in Kansas City, Jackson County, Missouri and part of the southwest quarter of the southwest quarter of Section 5, Township 49, Range 33, in Kansas City, Jackson County Missouri, described as follows: Beginning at the southwest corner of Lot 11, Block 3, Goodrich Addition, said point also being the intersection of the north line of West 18th Street and the east line of Central Street; then north 0022'53" west along the west line of said Block 3 and its extension thereof 297.02 feet to the centerline of 17th Street; thence north 8946'35" east along said centerline 137.14 feet; thence north 0041'37" west 169.97 feet; thence north 8946'35" East 235.46 feet to the centerline of Wyandotte Street; thence north 0045'01" west along said centerline 21.50 feet to the westerly extension of the north line of Lot 25, Bowmans Subdivision; thence north 8959'51"east along said north line and its extension thereof 170.10 feet to the northeast corner of said Lot 25; thence north 0044'02" west along the west line of Lots 22 and 20, Bowmans Subdivision a distance of 100.67 feet to the northwest corner of said Lot 20, thence south 8957'05" east along the north line of said Lot 20 and its extension thereof 180.13 feet to the centerline of Baltimore Avenue; thence south 0044'17" east along said centerline 454.03 feet to the easterly extension of the south line of the north 12 feet of Lot 20, Block 2, Goodrich Addition; thence south 8940'17" west along said south line and its extensions 133.04 feet to the west line of the 12.5 foot wide alley; thence north 0025'37" west along said west line 8.59 feet to the southeast corner of Lot 14, Block 2, Goodrich Addition; thence south 8940'17" west along the south line of Lots 14, 13, and 12, Block 2, Goodrich Addition, a distance of 75.00 feet to the southwest corner of said Lot 12; thence south 0025'37" east along the west line of Lot 28, Block 2, Goodrich Addition, and its extension a distance of 44.20 feet to the easterly extension of the south line of Lot 7, Block 2, Goodrich Addition; thence south 8940'17" west along said south line and its extensions 142.66 feet to the centerline of Wyandotte Street; thence north 0021'57" west along said centerline 97.23 feet to the easterly extension of the south line of the north 23 feet of Lot 18, Block 3, Goodrich Addition; thence south 8946'35" west along said south line and its extensions 151.86 feet to the centerline of a 14 foot wide alley; thence south 0023'48" east along said centerline 109.49 feet to the easterly extension of the south line of Lot 2, Replat of Lots 12 15 and 27 30, Block 3, Goodrich Addition; thence south 8947'28" west along said south line and its extensions 121.52 feet to the east line of Lot 8, Block 3, Goodrich Addition; thence south 0023'48" east along the east line of Lots 8 11, Block 3, Goodrich Addition, 85.15 feet to the southeast corner of said Lot 11; thence south 8947'28" west along the south line of said Lot 11 a distance of 99.99 feet to the Point of Beginning, containing 5.92 acres (257,715 square feet), more or less.

  Section 4. In accordance with the recommendations of the Commission as set forth in the Resolution, the City Council hereby finds that:

  (a) The Redevelopment Area as a whole is a blighted area, evidenced by defective or inadequate street layout, unsanitary or unsafe conditions including deterioration and dilapidation of site improvements, excessive vacancies, presence of structures below minimum code standards, lack of ventilation, light or sanitary facilities.

(b) The Redevelopment Area has not been subject to growth and development through investment by private enterprise and would not reasonably be anticipated to be developed without the adoption of the Redevelopment Plan;

(c) The Redevelopment Plan conforms to FOCUS, Downtown Industrial Area Plan and the Old Film Road Urban Design Concept Plan, together, the comprehensive plan for the development of the City as a whole;

(d) The areas selected for Redevelopment Projects include only those parcels of real property and improvements thereon which will be directly and substantially benefited by the Redevelopment Project improvements;

(e) The estimated dates of completion of the respective Redevelopment Projects and retirement of obligations incurred to finance Redevelopment Project Costs, have been stated in the Redevelopment Plan, and are not more than 23 years from the adoption of any ordinance approving a Redevelopment Project within the Redevelopment Area;

(f) A plan has been developed for relocation assistance for businesses and residences;

(g) A cost-benefit analysis showing the impact of the Redevelopment Plan on each taxing district at least partially within the boundaries of the Redevelopment Area has been prepared in accordance with the Act; and

(h) The Redevelopment Plan does not include the initial development or redevelopment of any gambling establishment.

 (i) A blight study has been completed and the findings of such study satisfy the requirements provided under subdivision (1) of Section 99.805, RSMo.

  Section 5. The City and/or the Commission is authorized to issue obligations in one or more series of bonds secured by the W. 17th Street Tax Increment Financing Plan Account of the Special Allocation Fund to finance Redevelopment Project Costs within the Redevelopment Area and subject to any constitutional limitations, to acquire by purchase, donation, lease or eminent domain, own, convey, lease, mortgage, or dispose of, land or other property, real or personal, or rights or interests therein, and grant or acquire licenses, easements and options with respect thereto, all in the manner and at such price the City and/or the Commission determines, to enter into such contracts and take all such further actions as are reasonably necessary to achieve the objectives of the Redevelopment Plan pursuant to the power delegated to it in Ordinance No. 54556. Any obligations issued to finance Redevelopment Project Costs shall contain a recital that they are issued pursuant to Sections 99.800 to 99.865, which recital shall be conclusive evidence of their validity and of the regularity of their issuance.

  Section 6. Pursuant to the provisions of the Redevelopment Plan, the City Council approves the pledge of all funds generated from Redevelopment Projects that are deposited into the W. 17th Street Tax Increment Financing Plan Account of the Special Allocation Fund to the payment of Redevelopment Project Costs within the Redevelopment Area and authorizes the Commission to pledge such funds on its behalf, provided, however, reimbursement of Redevelopment Project Costs will first be directed to the budgeted public infrastructure improvements identified in the plan without interest and then reimbursement will be allowed for other Redevelopment Project Costs after completion of all proposed public infrastructure improvements.

Section 7. In addition, the redevelopment agreement shall contain a provision requiring a property valuation performance measure.

_____________________________________________

  Approved as to form and legality:

  

______________________________

Heather A. Brown

Assistant City Attorney