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Legislation #: 951452 Introduction Date: 10/19/1995
Type: Ordinance Effective Date: 11/12/1995
Sponsor: COUNCILMEMBER BLACKWOOD
Title: Authorizing the Director of City Development to execute an Amended and Restated Cooperative Agreement with 13th _ Wyandotte, L.L.C., the Tax Increment Financing Commission of Kansas City, Missouri and the Port Authority of Kansas City, Missouri, relating to the financing of the 13th _ Wyandotte Hotel redevelopment project and directing the City Clerk to file same.

Legislation History
DateMinutesDescription
10/19/1995

Waive Charter Requirements City Council

10/20/1995

Referred Finance & Administration Committee

10/19/1995

Referred Finance & Administration Committee

10/25/1995

Do Pass as a Committee Substitute

10/26/1995

Assigned to Third Read Calendar

11/2/1995

Passed as Substituted


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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 951452

 

Authorizing the Director of City Development to execute an Amended and Restated Cooperative Agreement with 13th & Wyandotte, L.L.C., the Tax Increment Financing Commission of Kansas City, Missouri and the Port Authority of Kansas City, Missouri, relating to the financing of the 13th & Wyandotte Hotel redevelopment project and directing the City Clerk to file same.

 

WHEREAS, the Council approved a Cooperative Agreement for Project Financing with 13th & Wyandotte, L.L.C., the Tax Increment Financing Commission of Kansas City, Missouri and the Land Clearance for Redevelopment Authority of Kansas City, Missouri, relating to the financing of the 13th & Wyandotte Hotel redevelopment project (formerly the Americana Hotel); and

 

WHEREAS, it is necessary to amend the Cooperative Agreement to reflect proposed changes in the financing of the project including the substitution of the Port Authority for the Land Clearance for Redevelopment Authority as the issuer of bonds; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Director of City Development is authorized to execute an Amended and Restated Cooperative Agreement for Project Financing, on behalf of the City, with 13th & Wyandotte, L.L.C., the Tax Increment Financing Commission of Kansas City, Missouri and the Port Authority of Kansas City, Missouri, relating to the financing of the 13th & Wyandotte Hotel redevelopment project, a copy of which in substantial form is attached hereto and made a part hereof.

 

Section 2. That the City Clerk is hereby directed to cause a copy of the agreement to be recorded in the Office of the Director of Records for Jackson County, Missouri and a copy to be filed with Secretary of State.

 

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Approved as to form and legality:

 

 

 

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City Attorney