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Legislation #: 190120 Introduction Date: 2/7/2019
Type: Ordinance Effective Date: none
Sponsor: None
Title: Approving the extension of real property tax abatements, in a manner consistent with Enhanced Enterprise Zone Board’s existing longer and deeper policy, on real property located on 3.22 acres in Sky Real Estate’s Crossroads West development in Kansas City, Missouri, within Enhanced Enterprise Zone 1; and directing the City Clerk to provide a copy of this Ordinance to the Director of the Missouri Department of Economic Development. 

Legislation History
DateMinutesDescription
2/6/2019 Filed by the Clerk's office
2/7/2019 Referred to Planning, Zoning & Economic Development Committee
2/13/2019 Hold On Agenda (2/27/2019)
2/27/2019 Advance and Do Pass as a Committee Substitute, Debate
2/28/2019 Passed as Substituted

View Attachments
FileTypeSizeDescription
190120.pdf Authenticated 126K Committe substitute for ordinance
190120CS to ORg Ord-COm.docx Compared Version 23K Colored Compared
190120 City Council_ Crossroads West_2.27.19.pptx Other 3520K EEZ Presentation
190120 Crossroads West_Request for Ordinance.pdf Request for Ordinance 50K Ordinance Request
Ordinance Fact Sheet_Crossroads West.xlsx Fact Sheet 22K Crossroads West Fact Sheet
Crossroads West_Resolution.pdf Plan 157K Crossroads West Resolution

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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 190120

 

Approving the extension of real property tax abatements, in a manner consistent with Enhanced Enterprise Zone Board’s existing longer and deeper policy, on real property located on 3.22 acres in Sky Real Estate’s Crossroads West development in Kansas City, Missouri, within Enhanced Enterprise Zone 1; and directing the City Clerk to provide a copy of this Ordinance to the Director of the Missouri Department of Economic Development. 

 

WHEREAS, Section 135.963, RSMo, authorizes, upon governing body approval, up to fifteen years of tax abatement for improvements made to real property within an Enhanced Enterprise Zone after the date of enterprise zone designation by the Missouri Department of Economic Development; and  

 

WHEREAS, on August 25, 2005, by Resolution No. 051066, the City Council designated pursuant to Section 135.960, RSMo, an enhanced enterprise zone program area known as Enhanced Enterprise Zone 1; and

 

WHEREAS, on August 25, 2005, by Resolution No. 051066, the City Council directed that improvements to real property within the Enhanced Enterprise Zone 1 shall be exempt from assessment and payment of at least 50% of the ad valorem taxes on such improvements for a period of ten years, and shall be eligible for abatement of ad valorem taxes for rates and periods exceeding the 50% for 10 year abatement by passage of an ordinance or resolution by the City Council authorizing the abatement and establishing the terms of such abatement; and

 

WHEREAS, on November 22, 2005, by Ordinance No. 051411, the City Council identified the types of business by NAICS sector names which would qualify for state and local incentives within the Enhanced Enterprise Zone 1; and

 

WHEREAS, Sky Real Estate requested administrative approval for the Enhanced Enterprise Zone longer and deeper policy provided the qualifying business meets all necessary criteria defined by the Enhanced Enterprise Zone board; and  

 

WHEREAS, Sky Real Estate’s request complies with the requirements of Section 135.963, RSMo, and the City’s ordinances and resolutions governing enhanced enterprise zones; and

 

WHEREAS, pursuant to Section 135.963.3, RSMo, the requisite public notices were timely and properly mailed and published, and the requisite public hearing was timely and properly held; NOW, THEREFORE, 

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:  

 

Section 1. That pursuant to Section 135.963, RSMo, the City Council hereby approves the application for the extension of real property tax abatements to qualifying enhanced enterprise businesses, in a manner consistent with Enhanced Enterprise Zone Board’s existing longer and deeper policy, on real property located on 3.22 acres within the Crossroads West development in Kansas City, Missouri, within Enhanced Enterprise Zone 1 (the “Property”).

 

Section 2. That the tax abatement granted herein shall, except as provided in Section 3 hereof, be 100% of the value of the improvements on the Property pursuant to the provisions of Section 135.963.5, RSMo, as amended. Further, the approval for longer and deeper abatement granted herein shall apply to the qualified level of ad valorem taxes, imposed by all political subdivisions with the power to tax, on improvements made on the Property after August 19, 2005, subject to continued compliance with Section 135.963, RSMo, and the City’s ordinances and resolutions governing Enhanced Enterprise Zones.  The affected political subdivisions are:

 

Kansas City Missouri School District

Jackson County

Board of Disabled Services

Mental Health

Metropolitan Community College

Kansas City Public Library

State Blind Pension

 

Section 3. That the tax abatement granted herein shall not extend to any property categorized by the Jackson County Assessor as residential real property for ad valorem taxation purposes.

 

Section 4. That the City Clerk is hereby directed to deliver a copy of this ordinance to the State Director of Economic Development within thirty days following passage of this ordinance.

 

________________________________________

 

Approved as to form and legality:

 

 

_________________________________

Galen Beaufort

Assistant City Attorney