KC Skyline

City Clerk Web Search

Search the Ordinances:

Legislation #: 030335 Introduction Date: 3/13/2003
Type: Ordinance Effective Date: 3/30/2003
Sponsor: COUNCILMEMBER FORD
Title: Accepting the recommendations of the Tax Increment Financing Commission as to the Third Amendment to the Power _ Light District Tax Increment Financing Plan; approving the Third Amendment to the Power _ Light District Tax Increment Financing Plan; and designating an amended Redevelopment Area.

Legislation History
DateMinutesDescription
3/13/2003

Referred Planning, Zoning & Economic Development Committee

3/19/2003

Advance and Do Pass

3/20/2003

Amended

3/20/2003

Passed as Amended


View Attachments
FileTypeSizeDescription
No attachment(s) found

Printer Friendly Version

ORDINANCE NO. 030335, AS AMENDED

 

Accepting the recommendations of the Tax Increment Financing Commission as to the Third Amendment to the Power & Light District Tax Increment Financing Plan; approving the Third Amendment to the Power & Light District Tax Increment Financing Plan; and designating an amended Redevelopment Area.

 

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

 

WHEREAS, the Power & Light District Tax Increment Financing Plan as amended (the "Plan") was approved by the Commission and passed by the City Council on August 28, 1997, by Committee Substitute for Ordinance No. 970992 ("the Ordinance"), which was further approved by the public in a referendum passed on February 3, 1998; and

 

WHEREAS, an amendment to the Redevelopment Plan entitled the "First Amendment to the Power and Light District Tax Increment Financing Plan" ("First Amendment") affecting the area described therein was proposed to the Commission and was recommended for approval by the Commission to the Council on September 15, 1999, by approval of Resolution No. 9-13-99, and approved by the Council by passage of Ordinance No. 991464; and

 

WHEREAS, a second amendment to the Redevelopment Plan ("Second Amendment") was proposed to the Commission; and

 

WHEREAS, the Commission, having been duly constituted and its members appointed; and, after all proper notice was given, met in public hearing on November 14, 2001, and after receiving the comments of all interested persons and taxing districts, and approved Resolution No. 11-16-01 (the "Resolution") recommending to the City Council the approval of the Second Amendment; and

 

WHEREAS, the Second Amendment altered the exterior boundaries of the Redevelopment Area of the Plan; and

 

WHEREAS, on July 18, 2002, the Council passed Ordinance No. 011654 approving the Second Amendment; and

 

WHEREAS, a third amendment to the Power & Light District Tax Increment Financing Plan (the "Third Amendment") was proposed to 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 districts, closed said public hearing on February 12, 2003, adopted Resolution No. 2-16-03 ("Resolution") recommending that the City Council approve the Third Amendment; and


WHEREAS, the Third Amendment deletes the block bounded by 13th Street on the north, Baltimore Avenue on the east, 14th Street on the south and Wyandotte on the west; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. The recommendation of the Commission concerning the Third Amendment as set forth in the Resolution attached hereto as Exhibit "A" are hereby accepted and the Third Amendment, a copy of which is attached hereto as Exhibit "B", is hereby approved and adopted as valid.

 

Section 2. All terms used in this ordinance, not otherwise defined herein, shall be construed as defined in Section 99.800 to 99.865 of the Revised Statutes of Missouri, as amended (the "Act").

 

Section 3. That the following described area is hereby designated as a Redevelopment Area:

 

All of or part of Blocks 10 and 14 REIDS ADDITION and all of or part of Blocks 2, 5, 7, 8, 9, 12, 13, 14 and 15 MCGEES ADDITION, and all of or part of Blocks E, L, and K, 2nd RESURVEY OF REIDS ADDITION, all subdivisions, according to the recorded plats thereof, including alleys and vacated alleys and also including parts of the following streets and avenue: 12th Street, 13th Street, 14th Street, Main Street, Wyandotte Street and Baltimore Avenue, as said streets and avenue are all now established, all in Section 5, Township 49, Range 33 in Kansas City, Jackson County, Missouri, being more particularly described as follows:

Beginning at the point of intersection of the South right-of-way line of 13th Street with the West right-of-way line of Baltimore Avenue, as said street and avenue are now both established; thence North along the Northerly prolongation of said West right-of-way line, a distance of 194.50 feet to a point of intersection with the Westerly prolongation of the centerline of a East-West vacated alley; thence East along said Westerly prolongation and along said vacated alley centerline, a distance of 116.44 feet to a point of intersection with the centerline of a North-South vacated alley; thence South along said vacated alley centerline, a distance of 24 feet to a point of intersection with the Westerly prolongation of the North line of the South 22 feet of Lot 70, Block 5 of said MCGEES ADDITION; thence East along said Westerly prolongation and along the North line of the South 22 feet of said Lot 70, a distance of 138.25 feet to a point on the West right-of-way line of Main Street, as now established; thence South along said West right-of-way and its Southerly prolongation a distance of 170.50 feet to the Northeast corner of Lot 73, Block 6 of said MCGEEs ADDITION, being also a point of intersection of the South right-of-way line of said 13th Street with the West right-of-way line of said Main Street thence East along the Easterly prolongation of the North line of said Lot 73 and along the North line of Lots 82 and 91, Block 7 of said MCGEES ADDITION and the Easterly prolongation of the North line of said Lot 91 and along the North line of Lots 100 and 109, Block 8, MCGEES ADDITION and its Easterly prolongation of the North line of said Lot 109 and along the South right-of-way line of said 13th Street, a distance of 728 feet to the point of intersection with the East right-of-way line of Grand Avenue, as now established, being also the Northwest corner of Lot 118, Block 9 of said MCGEEs ADDITION; thence North along Northerly prolongation of the East line of said Block 9, a distance of 49.5 feet to the Northeast corner of Block 2 of said MCGEEs ADDITION, being also a point of intersection of the North right-of-way line of said 13th Street with the West right-of-way line of said Grand Avenue; thence North along the East line of said Block 7, a distance of 408.01 feet to the Northwest corner of said Block 2, being also a point of intersection of the East right-of-way of said Grand Avenue with the South right-of-way line of 12th Street, as now established; thence East along said South right-of-way line and the North line of said Block 2, a distance of 247.5 feet to the Northeast corner thereof, being also a point of intersection of the South right-of-way line of said 12th Street with the West right-of-way line of McGee Street, as now established; thence South along said West right-of-way line and along the East line of said Block 2 and its Southerly prolongation and along the East line of Blocks 9 and 12 of said MCGEES ADDITION and along said West right-of-way line, a distance of 1151.46 feet to Southeast corner of Lot 158 of said Block 12, being also a point of intersection with the North right-of-way of U.S. Interstate Highway Route No. 35 (Truman Road), as now established; thence West along said North right-of-way line, the following courses and distances; thence West, 1109.50 feet to a jog therein; thence North along said jog, a distance of 0.50 feet; thence West along said North right-of-way line, a distance of 200.19 feet to a point on the West right-of-way line of said Baltimore Avenue; thence North along said West right-of-way line and along the North right-of-way of said U.S. Interstate Highway Route No. 35, a distance of 33 feet; thence continuing West along said North right-of-way line the following courses and distances; thence West, 138.50 feet; thence North, 24 feet; thence West, 142 feet to a point on the West line of Lot 15, Block 10 of said REIDS ADDITION; thence North along the West line of said Block 10 and its Northerly prolongation to the intersection with the center line of 14th Street as it now exists; thence west along the center line of 14th Street to its intersection with the east line of Baltimore Avenue; thence north along the east line of Baltimore Avenue to the north right-of-way line of 14th Street; thence east along the north right-of-way of 14th Street to its intersection with the west right-of-way line of Main Street; thence north along the west right-of-way line of Main Street to the south right-of-way line of 13th Street; thence west along the south right-of-way line of 13th to the Point of Beginning.

 

 

Section 4. The City Council hereby finds that:

 

(a) Good cause has been shown for amendment of the Redevelopment Plan, and that the findings of the City Council in Ordinance No. 970992 with respect to the Redevelopment Plan are not affected by the Third Amendment and apply equally to the Third Amendment;

 

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

 

(c) The Redevelopment Plan, as amended, confirms to the comprehensive plan for the development of the City as a whole;

 

(d) The areas selected for Redevelopment Projects include only those parcels of real property and improvements therein which will be directly and substantially benefitted by the Redevelopment Project improvements;

 

(e) The estimated dates of completion of the respective Redevelopment Projects and retirement of obligations incurred to finance Redevelopment Project Costs, have been stated in the Redevelopment Plan, as amended, and are not more than 23 years from the adoption of any ordinance approving a Redevelopment Project within the Redevelopment Area, as amended;

 

(f) A plan has been developed for relocation assistance for businesses and residences;

 

(g) A cost benefit analysis showing the impact of the Third Amendment on each taxing district which is at least partially within the boundaries of the Redevelopment Area, as amended, has been prepared in accordance with the Act;

 

(h) The Third Amendment does not include the initial development or redevelopment of any gambling establishment.

 

Section 5. The Commission is authorized to issue obligations in one or more series of bonds secured by the Power & Light District Account of the Special Allocation Fund to finance Redevelopment Project Costs within the Redevelopment Area, as amended, 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 stake all such further actions as are reasonably necessary to achieve the objectives of the Redevelopment Plan, as amended, pursuant to the power delegated to it in Ordinance No. 54556. Any obligations issued to finance Redevelopment Project Costs shall contain a recital that they are issued pursuant to Sections 99.800 and 99.865, which recital shall be conclusive evidence of their validity and of the regularity of their issuance.

 

Section 6. Pursuant to the provisions of the Redevelopment Plan, as amended, the City Council approves the pledge of all funds generated from Redevelopment Projects that are deposited

into the Power & Light District Account of the Special Allocation Fund to the payment of Redevelopment Project Costs within the Redevelopment Area, as amended, and authorizes the Commission to pledge such funds on its behalf.

 

__________________________________________________________________

 


 

Approved as to form and legality:

 

 

 

_____________________________________

Assistant City Attorney