ORDINANCE NO. 990633
Authorizing
execution of a Second Amended Cooperative Agreement with the Tax Increment
Financing Commission of Kansas City, Missouri, for the purpose of extending the
time of performance to August 31, 1999, in order to assist in the completion of
Broadway and Valentine public improvements in accordance with the Uptown
Theatre Tax Increment Financing Plan; and directing the City Clerk to file
certain documents with the appropriate offices.
WHEREAS,
the City Council in Ordinance No. 980086, passed January 29, 1998, authorized
execution of a Cooperative Agreement between the City and the Tax Increment
Financing Commission for public improvements on Broadway and Valentine Streets
within the Uptown Redevelopment Project Area; and
WHEREAS,
the City Council in Ordinance No. 981041, passed September 10, 1998, authorized
execution of a First Amended Cooperative Agreement between the City and the Tax
Increment Financing Commission for public improvements on Broadway and
Valentine Streets within the Uptown Redevelopment Project Area; NOW, THEREFORE,
BE
IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section
1. That the Director of the Department of City Development is hereby authorized,
on behalf of the City, to execute a Second Amended Cooperative Agreement with
the Tax Increment Financing Commission of Kansas City, Missouri, for the
purpose of extending the time of performance to August 31, 1999, in order to
assist in the completion of Broadway and Valentine public improvements in
accordance with the Uptown Theatre Tax Increment Financing Plan. A copy of the
Second Amended Cooperative Agreement, in substantial form, is attached hereto
and is hereby approved.
Section
2. That the City Clerk is hereby directed to file a copy of the Second Amended
Cooperative Agreement, together with a copy of this ordinance, in the office of
the Department of Records of Jackson County, Missouri, and with the Secretary
of State of Missouri.
________________________________________________________
Approved
as to form and legality:
________________________________
Assistant
City Attorney