ORDINANCE NO. 110859

Approving the Petition to establish The Old Foundation Community Improvement District; establishing The Old Foundation Community Improvement generally located at the southwest corner of Interstate Highway 29 and N.W. 64th Street, in Platte County, Missouri; and directing the City Clerk to report the creation of the District to the Missouri Department of Economic Development.

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the petition to establish The Old Foundation Community Improvement District (the “District”) as a political subdivision in accordance with Section 67.1401 through Section 67.1571, RSMo, otherwise known as the Missouri Community Improvement District Act (the “Act”), is hereby approved in its entirety.

Section 2. That the District is hereby established for the purposes set forth in the petition, and that the District shall have all the powers and authority authorized by the petition, the Act, and by law, and shall continue to exist and function in perpetuity following the effective date of this ordinance.

Section 3. That the District shall annually submit its proposed budget, report and copies of written resolutions passed by the District’s board to the City pursuant to Section 67.1471, RSMo.

Section 4. That upon the effective date of this ordinance, the City Clerk is hereby directed to report the creation of the District to the Missouri Department of Economic Development pursuant to Section 67.1421.6, RSMo, by sending a copy of this ordinance to said agency.

_________________________________________________

Approved as to form and legality:

_____________________________

Brian Rabineau

Assistant City Attorney