COMMITTEE SUBSTITUTE
FOR RESOLUTION NO. 080904
Authorizing a supplemental
application to the Missouri Development Finance Board for the preliminary
authorization of additional state tax credits in the amount not to exceed
$15,000,000.00 to support fund-raising efforts for capital improvements at the Kauffman
Center for the Performing Arts.
WHEREAS, the
Council has given high priority to the development of the Kauffman Center for
the Performing Arts as the centerpiece of the Citys plan and strategy to
redevelop and grow its downtown; and
WHEREAS, the
Council intends to provide a wide variety of educational, social and cultural
opportunities for the citizens of Kansas City, Missouri; and
WHEREAS, the
financial support currently provided by the City to the Kauffman Center for the
Performing Arts includes convention facilities, public infrastructure
improvements, and $47,000,000.00 towards the construction of public parking
facilities; and
WHEREAS, the
Council has previously expressed its support for the Kauffman Center for the
Performing Arts and authorized the application for the original $25,000,000.00
in Missouri Development Finance Board state tax credits in Committee Substitute
for Resolution No. 030594; NOW, THEREFORE,
BE IT RESOLVED
BY THE COUNCIL OF KANSAS CITY:
Section 1. That
the Council expresses its intention to continue its support of the concept of
economic development at the Kauffman Center for the Performing Arts which is
currently under construction at 1601 Broadway between 15th and 17th Streets and
between Broadway and Baltimore.
Section 2. That
the Council states that the completion of the Kauffman Center for the
Performing Arts will greatly benefit downtown Kansas City, Missouri by the
addition of new jobs and the retention of current jobs and businesses.
Section 3. That
the Council states that the Kauffman Center for the Performing Arts will
benefit the public by providing recreational and cultural opportunities for the
citizens of Kansas City, Missouri.
Section 4. That
the Council expresses its belief that the additional $15,000,000.00 in state
tax credits are vital to the completion of the Kauffman Center for the
Performing Arts.
Section 5. That
the Council authorizes a supplemental application in the amount not to exceed
$15,000,000.00 from the Missouri Development Finance Board for financing
through the State Tax Credit for Contribution Program.
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