Printer Friendly Version
RESOLUTION NO. 030338
Expressing
the intent of the Council to approve super TIF financing for the construction
of public parking facilities developed in support of the 909 Walnut
redevelopment project.
WHEREAS,
the Council in Ordinance No. 030256, passed ____________, 2003, approved the
Third Amendment to the Tower Properties Tax Increment Financing Plan which
includes the development of 909 Walnut and public parking (Project H); NOW,
THEREFORE,
BE
IT RESOLVED BY THE COUNCIL OF KANSAS CITY:
Section
1. That the Council hereby expresses its intent to appropriate 100% of the
economic activity taxes, as defined by Section 99.845.3, generated by Project
H of the Tower Properties Tax Increment Financing Plan for the purpose of
supporting the public parking facility financing.
__________________________________________________________________