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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.
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