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Legislation #: 070486 Introduction Date: 4/19/2007
Type: Ordinance Effective Date: none
Sponsor: COUNCILMEMBER GLOVER
Title: Approving the First Amendment to the 45th Street Tax Increment Financing Plan.

Legislation History
DateMinutesDescription
4/18/2007 Filed by the Clerk's office
4/19/2007 Referred to Planning, Zoning & Economic Development Committee
4/25/2007 Advance and Do Pass, Debate
4/26/2007 Passed

View Attachments
FileTypeSizeDescription
070486.pdf Authenticated 62K Authenticated
45th TIF 1st Amd Plan.DOC Advertise Notice 28K plan

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ORDINANCE NO. 070486

 

Approving the First Amendment to the 45th Street Tax Increment Financing Plan.

 

WHEREAS, pursuant to the Real Property Tax Increment Allocation Redevelopment Act, Sections 99.800 to 99.865 of the Revised Statutes of Missouri, 1986, as amended (the Act), the City Council of Kansas City, Missouri, by Ordinance No. 54556, passed on November 24, 1982, and thereafter repealed and amended in certain respects by Committee Substitute for Ordinance No. 911076, as amended, passed on August 29, 1991, created the Tax Increment Financing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 Commission, having been duly constituted, its members appointed, and after all proper notice was given, met in public hearing on November 8, 2006, and, after receiving the comments of all interested persons and taxing districts, approved Resolution No. 11-15-06 recommending to the City Council the approval of the 45th Street Tax Increment Financing Plan (the Plan); and

 

WHEREAS, the City Council accepted the recommendations of the Commission by passage of Committee Substitute for Ordinance No. 061321, approving the Plan; and

 

WHEREAS, a First Amendment to the Plan (the First Amendment) has been proposed, which revises the Estimated Development Schedule for the Plan; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. The First Amendment, a copy of which is attached hereto as Exhibit A, is hereby approved and adopted as valid.

 

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 City Council hereby finds that the findings of the City Council in Committee Substitute for Ordinance No. 061321, with respect to the Plan, as amended, are not affected by the First Amendment and apply equally to the First Amendment.

 

___________________________________________________

 

Approved as to form:

 

 

Heather A. Brown

Assistant City Attorney