KC Skyline

City Clerk Web Search

Search the Ordinances:

Legislation #: 001465 Introduction Date: 11/2/2000
Type: Ordinance Effective Date: 11/19/2000
Sponsor: None
Title: Authorizing the City Manager to execute a tax credit agreement with the Missouri Development Finance Board and the Kansas City Public Television Channel 19 for the issuance of tax credits and the acceptance of private contributions for the KCPT Channel 19 construction and improvement project located at 125 East 31st Street, Kansas City, Missouri.

Legislation History
DateMinutesDescription
11/2/2000

Prepare to Introduce

11/2/2000

Referred Planning, Zoning & Economic Development Committee

11/8/2000

Advance and Do Pass

11/9/2000

Passed


View Attachments
FileTypeSizeDescription
No attachment(s) found

Printer Friendly Version

 

ORDINANCE NO. 001465

 

Authorizing the City Manager to execute a tax credit agreement with the Missouri Development Finance Board and the Kansas City Public Television Channel 19 for the issuance of tax credits and the acceptance of private contributions for the KCPT Channel 19 construction and improvement project located at 125 East 31st Street, Kansas City, Missouri.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the City Manager is authorized to execute a tax credit agreement with the Missouri Development Finance Board (MDFB) and the Kansas City Public Television Channel 19 for the issuance of tax credits by the MDFB in an amount not to exceed $1,000,000.00 and the acceptance of private contributions in the maximum aggregate amount of $2,000,000.00 for the KCPT Channel 19 improvement project located at 125 East 31st Street, Kansas City, Missouri. The agreement is approved in substantial form as the attachment to this ordinance.

 

Section 2. That the Council finds and determines that the project will significantly benefit the City and the State; the benefits derived by the State are expected to exceed the benefits provided in the tax credit agreement; and the project would not proceed without the assistance provided by the MDFB.

 

_______________________________________________

 

 

Approved as to form and legality:

 

 

 

___________________________

Assistant City Attorney