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Legislation #: 911445 Introduction Date: 11/21/1991
Type: Ordinance Effective Date: 8/19/2001
Sponsor: COUNCILMEMBER BACCHUS
Title: Approving Redevelopment Project 10 of the Winchester Center Tax Increment Financing Plan as a Redevelopment Project and adopting Tax Increment Financing therein.

Legislation History
DateMinutesDescription
11/21/1991

Prepare to Introduce

11/21/1991

Referred Plans And Zoning Committee

11/26/1991

Hold Off Agenda

1/20/1993

Hold Off Agenda

7/14/1993

Hold Off Agenda

1/19/1994

Hold Off Agenda

7/27/1994

Hold Off Agenda

7/12/1995

Hold Off Agenda

1/24/1996

Hold Off Agenda

1/21/1998

Hold Off Agenda

7/8/1998

Hold Off Agenda

1/20/1999

Hold Off Agenda

7/21/1999

Hold Off Agenda

1/17/2001

Hold Off Agenda

7/25/2001

Do Pass

7/26/2001

Add to Consent Docket

8/2/2001

Held on Docket

8/9/2001

Passed


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ORDINANCE NO. 911445

 

Approving Redevelopment Project 10 of the Winchester Center Tax Increment Financing Plan as a Redevelopment Project and adopting Tax Increment Financing therein.

 

WHEREAS, the City Council of Kansas City, Missouri (the "City Council"), by Ordinance No. 54556 adopted on November 24, 1982, amended by Ordinance No. 911076 adopted on August 29, 1991, created the Tax Increment Financing Commission of Kansas City, Missouri (the "Commission"); and

 

WHEREAS, on November 6, 1991, the Commission adopted a resolution recommending to the City Council the adoption of a redevelopment plan entitled the "Winchester Center Tax Increment Financing Plan" (the "Redevelopment Plan"); and

 

WHEREAS, on ________________________, the City Council adopted Ordinance No. 911435, which accepted the recommendations of the Commission as to the Redevelopment Plan; approved the Redevelopment Plan; found the Redevelopment Area to be a conservation area; designated the Redevelopment Area as a redevelopment area pursuant to the Act; approved an agreement with the Commission; and authorized the Commission to take all such action as may be needed to effectuate the Plan; and

 

WHEREAS, the Redevelopment Plan and Ordinance No. 911435 contemplate the separate approval of each Redevelopment Project and the adoption of Tax Increment Financing therein at the discretion of the City Council; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. 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 2. The Redevelopment Project 10 legally described as:

 

A 350 foot by 375 foot parcel of land situate in the Northwest Quarter of Section 1, Township 48, Range 33, in Kansas City, Jackson County, Missouri, being more particularly described as follows:

 

Beginning at a point on the Southerly right-of-way line of 63rd Street Trafficway, 962.97 feet Southeasterly from the point of intersection with the East right-of-way line of the Kansas City Southern Railway Company, as said trafficway and railroad are now both established; thence continuing Southeasterly along said Southerly right-of-way line, 350 feet; thence South, perpendicular to the last described course, 375 feet; thence Northwesterly, parallel with said Southerly right-of-way line, 350 feet; thence Northeasterly, perpendicular to the last described course, 375 feet to the Point of Beginning.

 

All that part of the North Half of Section 1, Township 48, Range 33, in Kansas City, Jackson County, Missouri, being more particularly described as follows:

 

Beginning at a point of intersection of the Southerly right-of-way line of 63rd Street Trafficway, as now established with the East line of the Northwest Quarter of said Section 1, 884.33 feet North of the Southeast corner thereof; thence Southeasterly and Easterly along said Southerly right-of-way line to a point of intersection with the Westerly right-of-way line of Winchester Avenue, as now established; thence Southeasterly along said Westerly right-of-way line, 159.12 feet; thence Westerly along a straight line reflecting 14424'12" to the right from an initial tangent bearing of South 5115'47" East, a distance of 954.79 feet to a point on the East line of the Northwest Quarter of said Section 1; thence continuing Westerly along the last described course, a distance of 179.38 feet; thence Northwesterly along a straight line, deflecting 2238'11" to the right from the last described course, a distance of 489.95 feet; thence Northeasterly along a straight line, deflecting 9235'50" to the right from the last described course, a distance of 375 feet to a point on the Southerly right-of-way line of said 63rd Street Trafficway; thence Southeasterly along said Southerly right-of-way line, 429.43 feet to the Point of Beginning.

 

All that part of the North Half of Section 1, Township 48, Range 33, in Kansas City, Jackson County, Missouri, being more particularly described as follows:

 

Beginning at a point on the East line of the Northwest Quarter of said Section 1, 475.57 feet North of the center of said Section 1; thence Northwesterly along a straight line, deflecting 7803'13" to the left from the last described course, a distance of 183.25 feet; thence Easterly along a straight line, deflecting 16910'16" to the right from the last described course, a distance of 1110 feet, more or less, to a point on the Westerly right-of-way line of Winchester Avenue, as now established; thence generally Southeasterly along said Westerly right-of-way line to a point of intersection with a line drawn, 350 North of and parallel with the South line of the Northeast Quarter of said Section 1; thence West along said parallel line, 570 feet; thence Northwesterly deflecting 1052'15" to the right from the last described course, a distance of 665.64 feet to the Point of Beginning.

 

is hereby approved.

 

Section 3. Tax increment allocation financing is hereby adopted for Redevelopment Project 10. After the total equalized assessed valuation of the taxable real property in the area selected for Redevelopment Project 10 exceeds the certified total initial equalized assessed value of all taxable real property in the area selected for such Redevelopment Project, the ad valorem taxes and payments in lieu of taxes, if any, arising from the levies upon taxable real property in the area selected for such Redevelopment Project by taxing districts and tax rates determined in the manner provided in Subsection 2 of Section 99.855, RSMo, each year after the effective date of this ordinance until Redevelopment Project Costs have been paid shall be divided as follows:

 

a. That portion of taxes levied upon each taxable lot,

block, or parcel of real property which is attributable to the initial equalized assessed value of each such taxable lot, block, tract, or parcel of real property in the area selected for Redevelopment Project 10 shall be allocated to and, when collected, shall be paid by the Jackson County Collector and the City Treasurer to the respective affected taxing districts in the manner required by law in the absence of the adoption of tax increment allocation financing.

 

b. Payments in lieu of taxes attributable to the

increase in the current equalized assessed valuation of each taxable lot, block, tract, or parcel of real property in the area selected for Redevelopment Project 10 over and above the initial equalized assessed value of each such unit of property in the area selected for Redevelopment Project 10 shall be allocated to and, when collected, shall be paid to the City Treasurer, who shall deposit such payments in lieu of taxes into the Winchester Center Special Allocation Fund of the City for the purpose of paying Redevelopment Costs and obligations incurred in the payment thereof.

 

Section 4. In addition to the payments in lieu of taxes described above, and subject to annual appropriation, fifty percent (50%) of the total additional revenue from taxes which are imposed by the municipality or other taxing districts, and which are generated by economic activities within the area selected for Redevelopment Project 10 over the amount of such taxes generated by economic activities within the area selected for Redevelopment Project 10 in the calendar year prior to the approval of Redevelopment Project 10 by ordinance, while tax increment financing remains in effect, but excluding taxes imposed on sales or charges for sleeping rooms paid by transient guests of hotels and motels, licenses, fees or special assessments and personal property taxes, other than payments in lieu of taxes, shall be allocated to, and paid by the collecting officer to the treasurer or other designated financial officer of the municipality, who shall deposit such funds in a separate segregated Winchester Center Economic Activities account within the Winchester Center Special Allocation Fund for the retirement of obligations or payment of Redevelopment Project Costs as defined in the Redevelopment Plan.

 

_____________________________________________

 

Approved as to form and legality:

 

 

 

___________________________________

Assistant City Attorney