KC Skyline

City Clerk Web Search

Search the Ordinances:

Legislation #: 180280 Introduction Date: 4/19/2018
Type: Ordinance Effective Date: none
Sponsor: None
Title: Approving the Fourth Amendment to the Arlington Road Tax Increment Financing Plan; and directing the City Clerk to send a copy of this ordinance to Clay County.

Legislation History
DateMinutesDescription
4/16/2018 Filed by the Clerk's office
4/19/2018 Referred to Planning, Zoning & Economic Development Committee
4/25/2018 Hold On Agenda (5/2/2018)
5/2/2018 Hold On Agenda (5/9/2018)
5/9/2018 Hold On Agenda (5/16/2018)
5/16/2018 Hold On Agenda (5/23/2018)
5/23/2018 Hold On Agenda (6/12/2018)
6/13/2018 Hold On Agenda (6/20/2018)
6/20/2018 Advance and Do Pass, Debate
6/21/2018 Passed

View Attachments
FileTypeSizeDescription
180280.pdf Authenticated 168K Authenticated
tif plan.pdf Plan 322K revised TIF Plan
TIF Plan.docx Plan 5320K TIF Plan-revised
Ord 180280 Arlington Road TIF Plan Fourth Amendment 4-17-18 (809163xA006D).pdf Plan 342K TIF Plan
180280 TIF Plan.pdf TIF Plan 372K TIF Plan
180280 Fact Sheet.pdf Fact Sheet 358K Fact Sheet

Printer Friendly Version

ORDINANCE NO. 180280

 

Approving the Fourth Amendment to the Arlington Road Tax Increment Financing Plan; and directing the City Clerk to send a copy 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 thereafter amended in certain respects by Committee Substitute for Ordinance No. 911076, As Amended, passed on August 29, 1991, Ordinance No. 100089, As Amended, passed on January 28, 2010, Ordinance No. 130986, passed on December 19, 2013 and Committee Substitute for Ordinance No. 140823, As Amended, on June 18, 2015, created the Tax Increment Financing Commission of Kansas City, Missouri (the “Commission”); and

WHEREAS, the City Council, by Committee Substitute for Ordinance No. 140916, accepted the recommendations of the Tax Increment Financing Commission of Kansas City, Missouri (“Commission”) and approved the Arlington Road Tax Increment Financing Plan (“Plan”) and designated a Redevelopment Area; and

WHEREAS, the City Council, by Committee Substitute for Ordinance No. 150758, accepted the recommendations of the Commission, and approved the First Amendment to the Plan on September 17, 2015; and

WHEREAS, the City Council, by Ordinance No. 160241, accepted the recommendations of the Commission, and approved the Second Amendment to the Plan on April 7, 2016; and

WHEREAS, the City Council, by Ordinance No. 170865, accepted the recommendations of the Commission, and approved the Third Amendment to the Plan on November 9, 2017; and

WHEREAS, the Fourth Amendment provides for modifications to the Budget of Redevelopment Project Costs, modifications to the Sources and Uses of Funds and for changes to the Plan and Exhibits consistent with the foregoing modifications; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the Fourth Amendment, a copy of which is attached hereto, is hereby approved.

Section 2. That all terms used in this ordinance, not otherwise defined herein, shall be construed as defined in the Real Property Tax Increment Allocation Redevelopment Act, Sections 99.800 to 99.865, RSMo (“Act”).

Section 3. That the City Council hereby finds that good cause has been shown for the Fourth Amendment of the Plan and that the previous findings of the Council related to the Arlington Road TIF Plan are not affected by the Fourth Amendment and apply equally to the Fourth Amendment.

Section 4. That the Fourth Amendment does not alter the previous findings of the City Council listed below:

a. The Redevelopment Area as a whole is an Economic Development Area, as defined in Section 99.805 of the Act, 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. The lack of sufficient street improvements, interchanges, and other infrastructure has inhibited the development of the Redevelopment Area.

b. The Plan, as amended by the Fourth Amendment, conforms to the comprehensive plan for the development of the City as a whole.

c. 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.

d. The estimated dates of completion of the Redevelopment Projects and retirement of obligations incurred to finance Redevelopment Project Costs have been stated in the Redevelopment Plan, as amended by the Fourth Amendment and are not more than 23 years from the passage of any ordinance approving a Redevelopment Project within the Redevelopment Area.

e. The Redevelopment Plan, as amended by the Fourth Amendment includes a plan for relocation assistance for businesses and residences.

f. A cost-benefit analysis showing the impact of the Plan, as amended by the Fourth Amendment, on each taxing district which is at least partially within the boundaries of the Redevelopment Area has been prepared in accordance with the Act.

g. The Plan, as amended by the Fourth Amendment does not include the initial development or redevelopment of any gambling establishment.

h. A study has been completed and the findings of such study satisfy the requirements provided under Section 99.810, RSMo.

Section 5. That the Commission is authorized to issue obligations in one or more series of bonds secured by the Arlington Road Tax Financing Plan Account of the Special Allocation Fund to finance Redevelopment Project Costs identified by the Plan 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 Commission determines, to enter into such contracts and take all such further actions as are reasonably necessary to achieve the objectives of the Plan. Any obligations issued to finance Redevelopment Project Costs shall contain a recital that they are issued pursuant to Sections 99.800 to 99.865 of the Act, which recital shall be conclusive evidence of their validity and of the regularity of their issuance.

Section 6. That the City Council approves the pledge of all funds that are deposited into the Arlington Road 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.

Section 7. That the City Clerk is directed to send a copy of this ordinance to Clay County.

_____________________________________________

 

Approved as to form and legality:

 

 

______________________________

Brian T. Rabineau

Assistant City Attorney