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Legislation #: 961441 Introduction Date: 11/14/1996
Type: Ordinance Effective Date: none
Sponsor: None
Title: Accepting the recommendations of the Tax Increment Financing Commission as to the Grand Boulevard Corridor Tax Increment Financing Plan, approving the Tax Increment Financing Plan and designating a redevelopment area, establishing the effective date, and expressing the intent of the Council.

Legislation History
DateMinutesDescription
11/14/1996

Prepare to Introduce

11/14/1996

Referred Planning, Zoning & Economic Development Committee

11/20/1996

Hold On Agenda

11/25/1996

Advance and Do Pass as a Committee Substitute

11/26/1996

Passed as Substituted and Amended

11/26/1996

Amended


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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 961441

 

Accepting the recommendations of the Tax Increment Financing Commission as to the Grand Boulevard Corridor Tax Increment Financing Plan, approving the Tax Increment Financing Plan and designating a redevelopment area, establishing the effective date, and expressing the intent of the Council.

 

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

 

WHEREAS, said Commission has been duly constituted and its members appointed; and, after all proper notice was given, the Commission met in public hearing and after receiving the comments of all interested persons and taxing district, closed said public hearing on October 23, 1996, and on October 23, 1996, adopted its resolution recommending to the City Council the approval of the Grand Boulevard Corridor Tax Increment Financing Plan (the "Redevelopment Plan"); and

 

WHEREAS, the Redevelopment Plan is a comprehensive program intended to reduce or eliminate blight and enhance the tax base within the Redevelopment Area through the implementation of ten separate Redevelopment Projects 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. The recommendation of the Commission concerning the Redevelopment Plan as set forth in the Resolution attached hereto as Exhibit "A" is hereby accepted and the Redevelopment Plan, a copy of which is attached hereto as Exhibit "B," is hereby approved and adopted.

 

Section 2. 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 3. The following-described area is hereby designated a Redevelopment Area:

 

Beginning at the intersection of the south right-of-way of North Truman Road and the west right-of-way line of Walnut Street; thence north along the west right-of-way line of Walnut Street to 14th Street; thence east along the north right-of-way line of 14th Street to Grand Boulevard; thence north along the west right-of-way line of Grand Boulevard to 12th Street; thence west along the south right-of-way line to the intersection of Walnut and 12th Streets; thence east along the north right-of-way line of 12th Street to Grand Boulevard; thence north along the west right-of-way line of Grand Boulevard to 11th Street; thence west along the south right-of-way line of 11th Street to Walnut Street; thence north along the west right-of-way line of Walnut Street to 10th Street; thence east along the north right-of-way line of 10th Street to Grand Boulevard; thence north along the west right-of-way line to the Ozark National Life Building; thence west along the south side of the Ozark National Life Building; thence north along the west side of the Ozark National Life Building to 9th Street; thence west along the south right-of-way line of 9th Street to the intersection of Walnut and 9th Streets; thence east along the north right-of-way line of 9th Street to Grand Boulevard thence north along the west right-of-way line of Grand Boulevard to 8th Street; thence west along the south right-of-way of 8th Street to Walnut Street; thence north along the west right-of-way line of Walnut Street to Admiral Boulevard; thence west along the south right-of-way line of Admiral Boulevard to the midpoint of the next block; then north along the west side of the midline of the block to 6th Street Trafficway; thence east along the north right-of-way line of 6th Street Trafficway to McGee Street; thence south along the east right-of-way of McGee Street to 8th Street; thence east along the south right-of-way line of 8th Street to Grand Boulevard; thence south along the east right-of-way line of Grand Boulevard to 9th Street; thence east along the north right-of-way line of 9th Street to the intersection of Oak Street; thence west along the south right-of-way line of 9th Street to Grand Boulevard; thence south along the east right-of-way line of Grand Boulevard to 10th Street; thence east along the north right-of-way line of 10th Street to Oak Street; thence south along the east right-of-way line of Oak Street to 11th Street; thence west along the south right-of-way line of 11th Street to McGee Street; thence south along the east right-of-way line of McGee to the south property line of the National Car Garage; thence west along the south property line of the National Car Garage to its southwest corner; thence north along the west property line of National Car Garage to the property line of the Professional Building; thence west along the south property line of the Professional Building to Grand Boulevard; thence south along the east right-of-way line of Grand Boulevard to 12th Street; thence east along the north right-of-way line of 12th Street to the intersection of Oak Street; thence west along the south right-of-way line of 12th Street to Grand Boulevard; thence south along the east right-of-way line of Grand Boulevard to 14th Street; thence east along the north right-of-way line of 14th Street to McGee Street; thence south along the east right-of-way line of McGee Street to North Truman Road; then west along the south right-of-way line of North Truman Road to the point of beginning.

 

Section 4. The City Council hereby finds that:

 

(a) The Redevelopment Area as a whole is a blighted area, and 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;

 

(b) The Redevelopment Plan conforms to the comprehensive plan for the development of the City as a whole;

 

(c) The estimated dates of completion of the respective Redevelopment Projects and retirement of any obligations incurred to finance Redevelopment Project Costs have

been stated in the Redevelopment Plan, and are not more than 23 years from the

adoption of any ordinance approving a Redevelopment Project within the

Redevelopment Area;

 

(d) A plan has been developed for relocation assistance for businesses and residences.

 

Section 5. The Commission is authorized to issue obligations in one or more series secured by the Grand Boulevard Corridor Tax Increment Financing Plan Account of the Special Allocation Fund to finance Redevelopment Project Costs 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 Redevelopment Plan pursuant to the power delegated to it in Ordinance No. 54556.

 

Section 6. Any obligations authorized herein shall contain a recital that they are issued pursuant to Sections 99.800 to 99.865 of the Missouri Real Property Tax Increment Allocation Redevelopment Act.

 

Section 7. Pursuant to the provisions of the Redevelopment Plan, the City Council approves the pledge of all funds that are deposited into the Grand Boulevard Corridor Tax Increment Financing Plan Account of the Special Allocation Fund to the payment of Redevelopment Project Costs and obligations, and authorizes the Commission to pledge such funds on its behalf.

 

Section 8. The Council recognizes that the Grand Boulevard TIF Plan includes property which was previously approved for inclusion in the Civic Mall TIF Plan. The Council hereby directs the Tax Increment Financing Commission to prepare an amendment to the Civic Mall TIF Plan to delete from the Civic Mall TIF Plan the property bounded by 11th, McGee, 10th and Oak Streets which is common to both Redevelopment Areas.

 

Section 9. This ordinance shall become effective ten (10) days after it is passed.

 

__________________________________________________________________

 

Approved as to form and legality:

 

 

 

___________________________________

Assistant City Attorney