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Legislation #: 970375 Introduction Date: 3/27/1997
Type: Ordinance Effective Date: 3/1/1998
Sponsor: None
Title: Approving and designating Project 1 (Seville) of the Country Club Plaza Tax Increment Financing Plan as a Redevelopment Project and adopting tax increment financing therein.

Legislation History
DateMinutesDescription
3/27/1997

Prepare to Introduce

3/27/1997

Referred Planning, Zoning & Economic Development Committee

4/2/1997

Hold On Agenda

4/9/1997

Hold Off Agenda

2/18/1998

Advance and Do Pass as a Committee Substitute

2/19/1998

Passed as Substituted


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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 970375

 

Approving and designating Project 1 (Seville) of the Country Club Plaza Tax Increment Financing Plan as a Redevelopment Project and adopting tax increment financing therein.

 

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

 

WHEREAS, on April 17, 1997, the City Council passed Ordinance No. 970374, which approved the Country Club Plaza Tax Increment Financing Plan ("Redevelopment Plan") and designated the Redevelopment Area as a conservation area; and

 

WHEREAS, the Redevelopment Plan and Ordinance contemplate the implementation of the Redevelopment Plan through nine separate Redevelopment Projects and the adoption of tax increment financing in each of the areas selected for such Redevelopment Projects; 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 area selected for Project 1 (Seville), legally described as follows:

 

All that part of the Northeast Quarter of the Southeast Quarter of Section 30, Township 49, Range 33, including part of Lots 1 and 16, PENN PARK, a subdivision, including part of the vacated alley, lying between said Lots 1 and 16 and including part of vacated Pennsylvania Avenue, all in Kansas City, Jackson County, Missouri, according to the recorded plat thereof, and all being more particularly described as follows: Commencing at the intersection of the South right-of-way line of 47th. Street (as established by Ordinance No. 47976, approved August 8, 1924) with the West right-of-way line of Pennsylvania Avenue as established by deed recorded under Document No. A-449481, in Book B-2979 at Page 410 and accepted by Kansas City by Ordinance recorded under Document No. A-449482 in Book B-2979 at Page 411; run thence South along the West right-of-way of said Pennsylvania Avenue, 150 feet; run thence West at right angles to said West right-of-way line, 14 feet, more or less to the existing West right-of-way line of said Pennsylvania Avenue, as widened by deed recorded under Document No. A-644303 in Book B-3413, at Page 361 and accepted by Kansas City by Ordinance recorded under Document No. A-638263, in Book B-3406 at Page 386, being the True Point of Beginning of the tract herein described; thence continuing West and along the South line of a tract herein described; thence continuing West and along the South line of a tract of land conveyed to Skelly Oil Company by Document No. A-708238


recorded in Book B-3549 at Page 313, a distance of 248.36 feet, more or less to the East right-of-way line of Jefferson Street, as now established; thence South along said East right-of-way line, 146.39 feet to the North right-of-way line of Nichols Road (formerly Alameda Road) as widened by deed recorded under Document No. A-644303 in Book B-3413 at Page 361 and accepted by Kansas City by Ordinance recorded as Document No. A-638263 in Book B-3406 at Page 386; thence East along said North right-of-way line, 247.80 feet to the existing West right-of-way line of said Pennsylvania Avenue; thence North along said existing West right-of-way line, 146.02 feet to the Point of Beginning.

 

Also described as follows:

Beginning at the point of intersection of the West right-of-way line of Pennsylvania Avenue with the North right-of-way line of Nichols Road, as said avenue and road are now both established; thence West along said North right-of-way line, a distance of 247.73 feet, more or less to a point of intersection with the East right-of-way line of Jefferson Street, as now established; thence North along said East right-of-way line, a distance of 145.60 feet, more or less; thence East 248.36 feet, more or less to a point on the West right-of-way line of said Pennsylvania Avenue 145.29 feet, more or less North of the Point of Beginning; thence South along said West right-of-way line 145.29 feet to the Point of Beginning.

 

Also, including the following described parcel of land:

Part of the Northeast 1/4 of the Southeast 1/4 of Section 30, Township 49, Range 33, including part of Lots 13, 14, 15, 16 and 20 and all of Lots 21 thru 28, both inclusive, PENN PARK, a subdivision of land, and including part of vacated Jefferson Street, all in Kansas City, Jackson County, Missouri, according to the recorded plat thereof, and all being more particularly described as follows: Beginning at a point in the West line of said Lot 20, being a point in the East line of an alley in said PENN PARK and 120 feet South of the South line of 47th. Street; as now established; thence Easterly and parallel with the South line of said 47th. Street; 221.64 feet to a point in the West line of Jefferson Street, as now established; thence South along the West line of said Jefferson Street, 336.69 feet to a point in the Easterly prolongation of the North line of Lot 29, of said PENN PARK; thence West along the North line of said Lot 29 and its Easterly prolongation a distance of 167.53 feet to the Northwest corner of said Lot 29, said point being in the East line of the aforesaid alley, thence North along the East line of said alley 320.17 feet to the Point of Beginning, together with the East 1/2 of the vacated alley West of and adjacent to Lots 21 thru 28, both inclusive, PENN PARK. Also, all of Lot 35 thru 44, both inclusive, and Lot 45, except that part of said Lot 45 now in 47th. Street, PENN PARK, a subdivision in Kansas City, Jackson County, Missouri, according to the recorded plat thereof, together with the West 1/2 of the vacated alley lying East of and adjacent to Lots 35 thru 42, both inclusive, PENN PARK.

 

Also described as follows:

Beginning at the Southwest corner of Lot 35, PENN PARK, a subdivision, according to the recorded plat thereof, being also a point on the East right-of-way line of Summit Street, as now established; thence North along the West line of Lots 35 through 45 of said PENN PARK and along said East right-of-way line of said Summit Street, a distance of 433.69 feet, more or less to a point on the South right-of-way line of 47th. Street, as now established; thence Northeasterly along said South right-of-way line, a distance of 135.16 feet to the Northeast corner of said Lot 45; thence South along the East line of said Lots 45, 44 and 43, 119.99 feet, more or less to a point; thence East, 15 feet to a point on the West line of Lot 21 of said PENN PARK, being also the East line of an alley; thence North along said East line and the West line of Lots 21 and 20 of said PENN PARK, 0.71 feet; thence Northeasterly, 221.52 feet, more or less to a point on the West right-of-way line of Jefferson Street, as now established, said point being 120 feet Southerly of the point of intersection of the South right-of-way line of said 47th. Street with the West right-of-way line of said Jefferson Street; thence Southerly and Southwesterly along said West right-of-way line, 336.67 feet, more or less to the Northeast corner of VANITY FAIR, a condominium subdivision in said City, County and State, according to the recorded plat thereof; thence West along the North line of said VANITY FAIR and along the North line of Lot 29 and its Westerly prolongation and along the North line of Lot 34 of said PENN PARK, a distance of 317.59 feet, more or less to the Point of Beginning.

 

Also including the overhead pedestrian bridge located between the Seville Building and the parking garage lying West of the West line of the above described parcel of land.

Less and except the following businesses:

Federal Express Corporation - 4710 Jefferson Street

Boatmens First National Bank - 4720 Jefferson Street

Jules Seafood Restaurant - 4740 Jefferson Street

 

is approved and designated as Project 1 (Seville).

 

Section 3. Tax increment allocation financing is hereby adopted for taxable real property in the above described area selected for Project 1 (Seville). After the total equalized assessed valuation of the taxable real property in Project 1 (Seville) exceeds the certified total initial equalized assessed valuation of the taxable real property in such area, the ad valorem taxes, and payment in lieu of taxes, if any, arising from the levies upon the taxable real property in such project by taxing districts and tax rates determined in the manner provided in subsection 2 of Section 99.855 each year after the effective date of the ordinance until redevelopment costs have been paid shall be divided as follows:

 

1. That portion of taxes levied upon each taxable lot, block, tract 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 Project 1 (Seville) 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;

2. 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 Project 1 (Seville) over and above the initial equalized assessed value of each such unit of property shall be allocated to and, when collected, shall be paid to the City Treasurer who shall deposit such payment in lieu of taxes into a special fund called the "Special Allocation Fund" of the City for the purpose of paying Redevelopment Project Costs and obligations incurred in the payment thereof. Any payments in lieu of taxes which are not paid within sixty (60) days of the due date shall be deemed delinquent and shall be assessed a penalty of one percent (1%) per month.

 

Section 4. In addition to the payments in lieu of taxes described in subsection 2 of Section 3 above, 50% of the total additional revenue from taxes which are imposed by the City or taxing districts, and which are generated by economic activities within the area selected for Project 1 (Seville) over the amount of such taxes generated by economic activities within such area in the calendar year prior to the adoption of this 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 City Treasurer or other designated financial officer of the City, who shall deposit such funds in a separate segregated account within the Special Allocation Fund.

 

Section 5. The area selected for Project 1 (Seville) includes only those parcels of real property and improvements thereon which will be substantially benefitted by the proposed redevelopment project improvements.

 

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Approved as to form and legality:

 

 

 

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Assistant City Attorney