ORDINANCE NO. 911397

Approving and designating Phase XIV of the Briarcliff West Tax Increment Financing Plan as a Redevelopment Project Area 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, created the Tax Increment Financing Commission of Kansas City, Missouri (the "Commission"); and

WHEREAS, on April 11, 1990, the Commission adopted a resolution recommending to the City Council the adoption of a redevelopment plan entitled the "Briarcliff West Tax Increment Financing Plan" (the "Redevelopment Plan"); and

WHEREAS, on April 26, 1990, said date being within 14 to 90 days after the April 11, 1990 Commission hearing, Ordinance No. 65497 approving the Redevelopment Plan and Ordinance No. 900102 approving and designating Phase V of the Redevelopment Plan as a separate Redevelopment Project Area and adopting tax increment financing therein were introduced in the City Council; and

WHEREAS, on May 3, 1990, the City Council passed Ordinance No. 65497, which accepted the recommendations of the Commission as to the Redevelopment Plan; approved the Redevelopment Plan; declared the Redevelopment Plan Area and each proposed Redevelopment Project Area as blighted; approved Rock Quarry Redevelopment Corporation d/b/a Briarcliff West as the Developer; approved an agreement with the Commission; and authorized the execution of a development contract; and

WHEREAS, the Redevelopment Plan and Ordinance No. 65497 contemplate the designation of each phase of the Redevelopment Plan as a separate Redevelopment Project Area at the discretion of the City Council and the adoption of Tax Increment Financing therein; and

WHEREAS, the City Council of Kansas City, Missouri by Ordinance No. 900099 and Committee Substitutes for Ordinance Nos. 900100 and 900101, adopted on September 19, 1991, approved and designated Phases I, II, III, and IV of the Redevelopment Plan as Redevelopment Project Areas and adopted tax increment financing therein; and

WHEREAS, Ordinance No. 900111, approving and designating Phase XIV as a Redevelopment Project Area and adopting tax increment financing therein has not been acted upon and is being held off the docket of the City Council; and

WHEREAS, on September 11, 1991, the Commission adopted a resolution recommending to the City Council the approval of an amendment to the Redevelopment Plan (the "First Amended Redevelopment Plan"); and

WHEREAS, on _________________________, 1991, the City Council passed Ordinance No. ____________, which accepted the recommendations of the Commission as to the First Amended Redevelopment Plan; approved the First Amended Redevelopment Plan; declared the Redevelopment Area and each proposed Redevelopment Project Areas as blighted; approved Missouri Rental Machinery Company d/b/a Briarcliff West Development Company as the developer; approved an agreement with the Commission; and authorized the execution of a First Amended Development Contract; and

WHEREAS, the First Amended Redevelopment Plan and Ordinance No. _____________ contemplate the designation of the remaining phases of the First Amended Redevelopment Plan as separate Redevelopment Project Areas 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 provisions of Ordinance No. 900111 are incorporated herein as if fully set forth.

Section 3. The area set forth in the First Amended Redevelopment Plan as Phase XIV and legally described as follows:

PHASE XIV

A tract of land in the fractional Northwest quarter of Section 3, Township 50, Range 33, and the fractional Southwest quarter of Section 34, Township 51, Range 33, all in Kansas City, Clay County, Missouri, being bounded and described as follows: Beginning at the Southwest corner of the fractional Southwest quarter of said Section 34; thence North 0 27'17" East, along the West line of said fractional Southwest quar- ter, 114.14 feet to a point on the South Right of Way line of Vivion Road, as now established; thence North 67 40'57" East, along said Right of Way line, 121.77 feet; thence North 22 19'03" West, along said Right of Way line, 10.00 feet; thence North 67 40'57" East, along said Right of Way line, 758.00 feet; thence Northeasterly, along said Right of Way line, on a curve to the Right, tangent to the last described course, having a radius of 1002.20 feet, an arc distance of 376.96 feet; thence South 0 46'01" East, along said Right of Way line, 15.00 feet; thence Easterly, along said Right of Way line, on a curve to the Right, having a radius of 987.20 feet, an arc distance of 236.81 feet; thence North 12 58'37" East, along said Right of Way line, 15.00 feet; thence Southeaster- ly, along said Right of Way line, on a curve to the Right, having a radius of 1002.20 feet, an arc distance of 477.07 feet to its intersection with the West Right of Way line of U.S. Highway Route 169, as now established; thence South 6 55'37" West, along said Right of Way line, 355.81 feet; thence North 56 34'55" West, 364.94 feet; thence North 22 59'54" East, 54.03 feet; thence North 71 47'56" West, 230.68 feet; thence South 64 11'04" West, 301.87 feet; thence South 28 09'25" West, 152.07 feet; thence South 79 26'22" West, 203.96 feet; thence South 53 40'35" West, 282.00 feet; thence North 89 15'02" West, 260.00 feet; thence South 48 28'33" West, 222.99 feet; thence South 0 44'58" West, 480.00 feet; thence North 89 15'02" West, 100.00 feet to a point on the West line of the fractional Northwest quarter of said Section 3; thence North 0 44'58" East, along said West line, being also the County line between Platte and Clay Counties, 828.30 feet to the Point of Beginning. Containing 18.5917 acres, more or less. Subject to any and all easements and restrictions of record.

is hereby designed as a blighted area and is further approved and designated as the Phase XIV Redevelopment Project Area.

Section 4. All of the Redevelopment Projects contained within the Phase XIV Redevelopment Project Area are hereby approved.

Section 5. Tax increment allocation financing is hereby adopted for the Phase XIV Redevelopment Project Area. After the total equalized assessed valuation of the taxable real property in the Phase XIV Redevelopment Project Area exceeds the certified total initial equalized assessed value of all taxable real property in such Redevelopment Project Area, the ad valorem taxes and payments in lieu of taxes, if any, arising from the levies upon taxable real property in such Redevelopment Project Area by taxing districts and tax rates determined in the manner provided in Sub- section 2 of Section 99.855, RSMo, each year after the effective date of this Ordinance until redevelopment project costs and redevelopment costs have been paid shall be divided as follows:

(1) 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 Phase XIV Redevelopment Project Area shall be allocated to and, when collected, shall be paid by the Clay 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 Phase XIV Redevelopment Project Area over and above the initial equalized assessed value of each such unit of property in the Phase XIV Redevelopments Project Area 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 Special Allocation Fund of the City for the purpose of paying redevelopment project costs and obligations incurred in the payment thereof.

Section 6. 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 Phase V Redevelopment Project Area over the amount of such taxes generated by economic activities within the Phase V Redevelopment Project Area in the calendar year prior to the adoption of the Phase V Redevelopment Project Area 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 account within the Briarcliff West Account of the special allocation fund for the retirement of obligations or payment of Redevelopment Project Costs and Redevelopment Costs as defined in the First Amended Redevelopment Plan.

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Approved as to form and legality:

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Assistant City Attorney