RESOLUTION NO. 970355

Directing the City Manager to undertake an independent study of the impact of Tax Increment Financing projects in Kansas City.

WHEREAS, the Council has previously approved various projects under the Missouri Tax Increment Financing Law; and

WHEREAS, the Council desires to be fully informed of the impact of the approved Tax Increment Financing Projects on the tax base and employment in Kansas City; NOW, THEREFORE,

BE IT RESOLVED BY THE COUNCIL OF KANSAS CITY:

That the City Manager is hereby directed to undertake an independent study of Tax Increment Financing projects to assess the impact on the City's tax base, both within the project areas and surrounding contiguous areas, and the impact upon employment in the City. The Council further expresses its intent to fund such study from Fourth District Use Tax fund.

_________________________________________________________________