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Legislation #: 001585 Introduction Date: 11/30/2000
Type: Ordinance Effective Date: 12/24/2000
Sponsor: None
Title: Approving and designating Project Area 1 of the Parvin Road Corridor Tax Increment Financing Plan as a Redevelopment Project and adopting tax increment financing therein.

Legislation History
DateMinutesDescription
11/30/2000

Prepare to Introduce

11/30/2000

Referred Planning, Zoning & Economic Development Committee

12/13/2000

Advance and Do Pass

12/14/2000

Passed


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ORDINANCE NO. 001585

 

Approving and designating Project Area 1 of the Parvin Road Corridor Tax Increment Financing Plan as a Redevelopment Project and adopting tax increment financing therein.

 

WHEREAS, the City Council of Kansas City, Missouri by Ordinance No. 54556, passed on November 24, 1982, and thereafter repealed and amended in certain respects by Committee Substitute to Ordinance No. 911076, as amended, passed on August 29, 1991, created the Tax Increment Financing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

 

WHEREAS, on ___________________, the City Council passed Ordinance No. 001584, which approved the Parvin Road Corridor Tax Increment Financing Plan and designated the Redevelopment Area as an economic development area (the Redevelopment Plan); and

 

WHEREAS, the Redevelopment Plan and ordinances contemplate the implementation of the Redevelopment Plan through four separate Redevelopment Project Areas and the adoption of tax increment financing in each of the areas selected for such Redevelopment Projects; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. 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.

 

Section 2. The area selected for Parvin Road Corridor Redevelopment Project Area 1 legally described as follows:

 

Project Area 1A

All that part of the Northeast Quarter and all that part of the Southeast Quarter of Section 4, Township 50, Range 32, Kansas City, Clay County, Missouri, being described as follows: Commencing at the Northeast Quarter of the Southeast Quarter of said Section 4; thence South 0o4546 West, along the East line of Great Midwest Commerce Center-District 1, a subdivision of land in Kansas City, Clay County, Missouri, 1806.17 feet to the Southeast corner thereof; thence South 88o5607 West, along the Southerly line of said Great Midwest Commerce Center-District 1, 103.78 feet; thence Northwesterly, along said Southerly line, on a curve to the right, tangent to the last described course, having a radius of 1432.40 feet, an arc distance of 625.00 feet; thence North 66o0353 West, along said Southerly line, 317.78 feet; thence North 23o5607 East, along the Westerly line of Lot 3, said Great Midwest Commerce Center-District 1 and its Southerly prolongation, 408.00 feet to the Northwest corner thereof; thence South 75o3137 East, along the Northerly line of said Lot 3, 298.18 feet to its intersection with the Westerly right-of-way line of N. Corrington Avenue, as now established; thence North 22o5845 East, along said Westerly right-of-way line, 342.19 feet; thence Northerly, along a curve to the left, tangent to the last described course, having a radius of 210.00 feet, an arc distance of 81.43 feet; thence North 0o4546 East, along said Westerly right-of-way line, 853.62 feet; thence North 89o1414 West, 340.00 feet; thence North 0o4434 East, 1336.43 feet to a point on the North line of the


Southeast Quarter of said Northeast Quarter; thence South 89o2836 East, 750.01 feet to a point on the East line of said Northeast Quarter; thence South 0o4434 West, along said East line, 1324.18 feet to the Point of Beginning. Containing 46.28 acres, more or less. Except that portion on the East and South being used for road right-of-way.

 

Project Area 1C

All that part of Sections 3, 9, and 10, Township 50, Range 32, Kansas City, Clay County, Missouri, being described as follows: Beginning at the Northeast corner of the Northeast Quarter of said Section 10; thence South 0o2711 West, along the East line of said Northeast Quarter, 2632.30 feet to a point on the Northerly right-of-way line of Burlington Northern Railroad; thence South 74o5724 West, along said Northerly right-of-way line, 2290.36 feet to a point on the Northerly right-of-way line of Missouri Route 210 Highway, as now established; thence North 54o5410 West, along said Northerly right-of-way line, 207.11 feet; thence North 32o4610 West, along said Northerly right-of-way line, 107.71 feet; thence North 54o5410 West, along said Northerly right-of-way line, 200.00 feet to a point on the West line of the Southeast Quarter of said Section 10; thence North 0o2425 East, along said West line, 292.62 feet to the Northwest corner of said Southeast Quarter; thence North 89o2910 West, along the South line of the Northwest Quarter of said Section 10, 505.77 feet to its intersection with the Northerly right-of-way line of the aforementioned Missouri Route 210 Highway; thence North 54o4124 West, along said Northerly right-of-way line, 856.81 feet; thence Northwesterly, along said Northerly right-of-way line, on a curve to the left, having an initial tangent bearing of North 56o3438 West, a radius of 2110.07 feet, an arc distance of 1063.52 feet; thence South 77o0548 West, along said Northerly right-of-way line, 333.60 feet; thence Westerly, along said Northerly right-of-way, on a curve to the right, having an initial tangent bearing of South 85o3251 West, a radius of 2035.09 feet, an arc distance of 238.86 feet to its intersection with the Easterly right-of-way line of Interstate Route 435, as now established; thence North 0o2120 East, along said Easterly right-of-way line, 709.17 feet; thence North 89o2101 West, along said Easterly right-of-way line, 300.50 feet; thence North 20o4232 East, along said Easterly right-of-way line, 762.65 feet; thence Northerly, along said Easterly right-of-way line, on a curve to the left, having an initial tangent bearing of North 20o3858 East, a radius of 984.93 feet, an arc distance of 266.48 feet; thence North 16o3831 East, along said Easterly right-of-way line, 374.02 feet; thence North 29o5152 East, along said Easterly right-of-way line, 121.64; thence North 51o2414 East, along said Easterly right-of-way line, 485.42 feet; thence North 28o2034 East, along said Easterly right-of-way line, 243.08 feet; thence North 20o0851 East, along said Easterly right-of-way line, 137.79 feet; thence North 01o0256 West, along said Easterly right-of-way line, 114.00 feet to its intersection with the Northerly right-of-way line of NE Parvin Road, as now established; thence Easterly, along said Northerly right-of-way line, on a curve to the right, having an initial tangent bearing of North 87o5559 East, a radius of 1145.00 feet, an arc distance of 47.94 feet; thence South 89o4004 East, along said Northerly right-of-way line, 3082.35 feet; thence Easterly, along said Northerly right-of-way line, on a curve to the left, tangent to the last described course, having a radius of 780.00 feet, an arc distance of 56.95 feet; thence South 0o4050 West, 80.23 feet; thence Northeasterly, along a curve to the left, having an initial tangent bearing of North 88o3319 East, a radius of 861.33 feet, an arc distance of 588.66 feet; thence North 47o1921 East, 884.14 feet; thence Northeasterly, along a curve to the left, tangent to the last described course, having a radius of 2825.99 feet, an arc distance of 171.36 feet to its intersection with the East line of the Northeast Quarter of said Section 3; thence South 0o4050 West, along said East line, 1772.08 feet to the Point of Beginning. Containing 418.47 acres, more or less.

 

Project Area 1D

All that part of Section 10 and 11, Township 50, Range 32, Kansas City, Clay County, Missouri, being described as follows: Commencing at the Northwest corner of the Southwest Quarter of said Section 11; thence South 0o2121 West, along the West line of said Southwest Quarter, 415.09 feet to a point on the Northerly right-of-way line of the Burlington Northern Railroad, said point being the True Point of Beginning of the tract to be herein described; thence Easterly, along said Northerly right-of-way line, on a curve to the left, having an initial tangent bearing of North 74o0403 East, a radius of 5679.65 feet, an arc distance of 506.34 feet; thence North 68o5735 East, 1909.34 feet; thence Northeasterly, along said Northerly right-of-way line, along a curve to the left, tangent to the last described course, having a radius of 2814.93 feet, an arc distance of 398.68 feet to a point on the East line of the Northwest Quarter of said Section 11; thence South 0o1354 West, along said East line, 635.28 feet to a point on the Northwesterly right-of-way line of the Chicago, Milwaukee, St. Paul and Pacific Railroad; thence South 45o4142 West, along said Northerly right-of-way line, 1890.32 feet to a point on the Northerly right-of-way line of Missouri Route 210, as now established; thence North 88o4239 West, along said Northerly right-of-way line, 583.62 feet; thence South 87o0000 West, along said Northerly right-of-way line, 601.68 feet; thence North 88o4239 West, along said Northerly right-of-way line, 400.00 feet; thence South 89o3925 West, along said Northerly right-of-way line, 290.40 feet; thence North 89o0000 West, along said Northerly right-of-way line, 340.78 feet; thence Westerly, along a curve to the right, tangent to the last described course, having a radius of 1557.90 feet, an arc distance of 751.99 feet; thence North 33o3000 West, along said Northerly right-of-way line, 250.00 feet; thence North 54o5410 West, along said Northerly right-of-way line, 173.03 feet to its intersection with the Northerly right-of-way line of the aforementioned Burlington Northern Railroad; thence North 80o2545 East, along said Northerly right-of-way line, 1350.99 feet; thence Northeasterly, along said Northerly right-of-way line, on a curve to the left, tangent to the last described course, having a radius of 5679.65 feet, an arc distance of 630.61 feet to the True Point of Beginning. Containing 86.55 acres, more or less.

 

Project Area 1E

All that part of Section 10 and 11, Township 50, Range 32, Kansas City, Clay County, Missouri, being described as follows: Commencing at the Southeast corner of the Southeast Quarter of said Section 10; thence North 89o3839 West, along the South line of said Southeast Quarter, 107.05 feet to a point on the Northwesterly right-of-way line of the Chicago, Milwaukee, St. Paul and Pacific Railroad, said point being the True Point of Beginning of the tract to be herein described; thence continuing North 89o3839 West, along said South line, 335.08 feet; thence North 0o2121 East, 975.23 feet to its intersection with the Southerly right-of way line of Missouri Route No. 210, as now established; thence South 88o4307 East, along said Southerly right-of-way line, 25.07 feet; thence North 39o5703 East, along said Southerly right-of-way line, 160.07 feet; thence South 88o4239 East, along said Southerly right-of-way line, 1296.68 feet to its intersection with the Northwesterly line of the aforementioned Chicago, Milwaukee, St. Paul and Pacific Railroad; thence South 45o3933 West, along said Northerly right-of-way line, 1531.31 feet to the True Point of Beginning. Containing 21.90 acres, more or less.

 

Project Area 1F-1 Existing Underground Entrance

All that part of Section 10 and 11, Township 50, Range 32, Kansas City, Clay County, Missouri, being described as follows: Beginning at the Southwest corner of the Northwest Quarter of said Section 11; thence North 0o2711 East, along the West line of the Northwest Quarter of said Section 11, 647.32 feet; thence South 89o3249 East, 1138.70 feet; thence South 21o0225 East, 490.88 feet; thence North 68o5735 East, 1186.09 feet; thence South 0o2711 West, 104.72 feet to a point on the Northerly right-of-way line of the Burlington Northern Railroad; thence Southwesterly along said Northerly right-of-way line, on a curve to the right, having an initial tangent bearing of South 65o1635 West, a radius of 2814.93 feet, an arc distance of 180.96 feet; thence South 68o5735 West, along said Northerly right-of-way line, 1909.34 feet; thence Southwesterly, along said Northerly right-of-way line, on a curve to the right, tangent to the last described course, having a radius of 5679.65 feet, an arc distance of 1136.95 feet; thence South 80o2545 West, along said Northerly right-of-way line, 1350.99 feet; thence North 54o5410 West, 320.67 feet; thence North 74o5724 East, 2290.36 feet to the Point of Beginning. Containing 43.17 acres, more or less.

 

Project Area 1B, 1B-1, 1B-2

All that part of the Southeast Quarter of Section 4, the Northeast Quarter and the Southeast Quarter of Section 9, Township 50, Range 32, Kansas City, Clay County, Missouri, being described as follows: Commencing at the Northwest corner of the Northeast Quarter of said Section 9; thence South 0o3339 West, along the West line of said Northeast Quarter, 237.92 feet to the Southwest corner of Bennington Crest, a subdivision of land in Kansas City, Clay County, Missouri, said point being the True Point of Beginning of the tract to be herein described; thence South 89o2453 East, along the South line of said Bennington Crest, 655.64 feet; thence North 68o1932 East, along said South line, 400.00 feet; thence North 22o2840 West, along the Easterly line of said Bennington Crest, 425.00 feet; thence North 04o5825 West, along said Easterly line, 553.12 feet; thence North 35o1220 East, along said Easterly line, 72.27 feet; thence North 70o0212 West, along the Southerly line of Block 1, said Bennington Crest, 459.30 feet; thence North 80o2123 East, along said South line, 394.53 feet; thence North 0o3210 East, 395.22 feet; thence Easterly, along the Southerly right-of-way line of Parvin Road, on a curve to the right, having an initial tangent bearing of South 85o2430 East, a radius of 2806.79 feet, an arc distance of 945.81 feet; thence South 66o0604 East, along said Southerly right-of-way line, 1003.08 feet; thence Easterly, along said Southerly right-of-way line and the Northerly line of Waffle House at Parvin Road, a subdivision of land in Kansas City, Clay County, Missouri, on a curve to the left, tangent to the last described course, having a radius of 1490.40 feet, an arc distance of 281.89 feet; thence South 10o5248 West, along said Northerly line, 17.00 feet; thence South 62o5137 East, along said Northerly line, 148.27 feet; thence South 01o0945 West, along the Westerly right-of-way line of Interstate Route 435, as now established, and the Easterly line of said Waffle House at Parvin Road, 276.59 feet; thence South 21o3854 West, along said Westerly right-of-way line, 215.06 feet; thence South 16o3533 East, along said Westerly right-of-way line, 168.35 feet; thence South 05o2940 West, along said Westerly right-of-way line, 155.24 feet; thence South 20o2533 West, along said Westerly right-of-way line, 900.00 feet; thence South 27o4045 West, along said Westerly right-of-way line 277.22 feet; thence South 67o3743 West, along said Westerly right-of-way line, 183.98 feet; thence South 20o2533 West, along said Westerly right-of-way line, 82.65 feet; thence North 89o2101 West, 344.00 feet; thence South 0o2820 West, 994.81 feet to its intersection with said Westerly right-of-way line; thence South 49o2524 West, along said Westerly right-of-way line, 676.24 feet; thence South 69o0925 West, along said Westerly right-of-way line, 333.25 feet; thence South 41o2146 West, along said Westerly right-of-way line, 694.19 feet to its intersection with the West line of the East one-half of said Section 9; thence North 0o3339 East, along said West line, 3174.88 feet to the True Point of Beginning. Containing 143.41 acres, more or less.

 

Project Area 1F-2 Existing Underground

All that part of Sections 2, 3, 10 and 11, Township 50, Range 32, Kansas City, Clay County, Missouri, being described as follows: Commencing at the Southeast corner of the Southwest Quarter of said Section 3; thence North 89o5416 West, along the South line of said Southwest Quarter, 806.82 feet to the True Point of Beginning of the tract to be herein described; thence North 0o5234 East, 651.44 feet; thence South 89o3059 East, 4983.66 feet; thence South 0o5234 West, 59.90 feet; thence North 89o0726 West, 771.50 feet; thence South 0o5234 West, 890.25 feet; thence North 89o0726 West, 253.24 feet; thence South 0o5234 West, 270.99 feet; thence North 89o0726 West, 275.26 feet; thence South 0o5234 West, 252.30 feet; thence South 89o0726 East, 486.67 feet; thence South 51o2847 East, 432.38 feet; thence South 0o5234 West, 624.83 feet; thence South 89o0726 East, 54.72 feet; thence South 0o5234 West, 205.95 feet; thence South 89o0726 East, 56.71 feet; thence South 0o5234 West, 137.72 feet; thence North 89o0726 West, 204.76 feet; thence South 0o5234 West, 336.00 feet; thence North 89o0726 West, 366.45 feet; thence South 0o5234 West,295.77 feet; thence South 69o1750 West, 1015.76 feet; thence South 75o3903 West, 739.35 feet; thence South 80o2624 West, 1167.99 feet; thence North 89o0726 West, 505.61 feet; thence North 0o5234 East, 822.84 feet; thence South 35o2608 West, 798.46 feet; thence North 89o0726 West, 202.05 feet; thence North 0o5234 East, 507.02 feet; thence North 89o0726 West, 85.58 feet; thence North 0o5234 East, 2759.21 feet to the True Point of Beginning. Containing 370.40 acres, 55.66 acres column area, 314.84 acres gross area.

 

is approved and designated as Parvin Road Corridor Project Area 1 (the "Redevelopment Project").

 

Section 3. Tax increment allocation financing is hereby adopted for taxable real property in the above described area selected for the Redevelopment Project. After the total equalized assessed valuation of the taxable real property in the Redevelopment Project exceeds the certified total initial equalized assessed valuation of the taxable real property in the Redevelopment Project, the ad valorem taxes, and payment in lieu of taxes, if any, arising from the levies upon the taxable real property in such project by taxing districts and tax rates determined in the manner provided in subsection 2 of Section 99.855 each year after the effective date of the ordinance until redevelopment costs have been paid shall be divided as follows:

 

1. That portion of taxes levied upon each taxable lot, block, tract, or parcel of real property which is attributable to the initial equalized assessed value of each such taxable lot, block, tract or parcel or real property in the area selected for the Redevelopment Project shall be allocated to and, when collected, shall be paid by the Clay County Collector and the City Treasurer to the respective affected taxing districts in the manner required by law in the absence of the adoption of tax increment allocation financing;

 

2. Payments in lieu of taxes attributable to the increase in the current equalized assessed valuation of each taxable lot, block, tract, or parcel of real property in the area selected for the Redevelopment Project over and above the initial equalized assessed value of each such unit of property shall be allocated to and, when collected, shall be paid to the City Treasurer who shall deposit such payment in lieu of taxes into a special fund called the "Special Allocation Fund" of the City for the purpose of paying Redevelopment Project Costs and obligations incurred in the payment thereof. Any payments in lieu of taxes which are not paid within 60 days of the due date will be deemed delinquent and assessed a penalty of 1% per month.

 

Section 4. In addition to the payments in lieu of taxes described in subsection 2 of Section 3 above, 50% of the total additional revenue from taxes which are imposed by the City or taxing districts, and which are generated by economic activities within the area selected for the Redevelopment Project over the amount of such taxes generated by economic activities within such area in the calendar year prior to the adoption of this ordinance, while tax increment financing remains in effect, but excluding taxes imposed on sales of charges for sleeping rooms paid by transient guests of hotels and motels, licenses, fees or special assessments and personal property taxes, other than payments in lieu of taxes, shall be allocated to, and paid by the collecting officer to the City Treasurer or other designated financial officer of the City, who shall deposit such funds in a separate segregated account within the Special Allocation Fund.

 

__________________________________________________________________

 

Approved as to form and legality:

 

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Assistant City Attorney