COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 001591

Approving and designating Project 3D of the Parvin Road Corridor 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WHEREAS, the City Council of Kansas City, Missouri by Ordinance No. 54556, passed on November 24, 1982, and thereafter repealed and amended in certain respects by Committee Substitute to Ordinance No. 911076, as amended, passed on August 29, 1991, created the Tax Increment Financing Commission of Kansas City, Missouri (the Commission); and

WHEREAS, on December 14, 2000, the City Council passed Ordinance No. 001638, which approved the Parvin Road Corridor Tax Increment Financing Plan and designated the Redevelopment Area as an economic development area (the Redevelopment Plan); and

WHEREAS, the Redevelopment Plan and ordinances contemplate the implementation of the Redevelopment Plan through separate Redevelopment Project Areas 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 Parvin Road Corridor Redevelopment Project Area 3D, legally described as follows:

All that part of the Northeast and Northwest Quarter of Section 11, Township 50, Range 32, Kansas City, Clay County, Missouri, being described as follows: Commencing at the Southeast corner of the Northwest Quarter of said Section 11; thence North 0^o1334 East, along the East line of said Northwest Quarter, 635.28 feet to a point on the Northerly right-of-way line of the Burlington Northern Railroad, said point being the True Point of Beginning of the tract to be herein described; thence Southwesterly, along said Northerly right-of-way line, on a curve to the right, having an initial tangent bearing of South 60^o5042 West, a radius of 2814.93 feet, an arc distance of 217.72 feet; thence North 0^o2711 East, 1004.07 feet; thence North 33^o4815 East, 342.95 feet; thence South 89^o1630 East, 302.01 feet; thence North 0^o1334 East, 125.00 feet; thence South 89^o1630 East, 145.01 feet; thence South 0^o1334 West, 125.00 feet; thence South 89^o1630 East, 155.07 feet; thence North 48^o3352 East, 26.40 feet; thence North 41^o2608 West, 195.00 feet; thence North 48^o3352 East, 252.00 feet; thence South 41^o2608 East, 195.00 feet; thence North 48^o3352 East, 25.00 feet; thence South 41^o2608 East, 560.00 feet to a point on the Northerly right-of-way line of the aforementioned Burlington Northern Railroad; thence South 49^o1251 West, along said Northerly right-of-way line, 1026.57 feet; thence Southwesterly, along said Northerly right-of-way line, on a curve to the right, having an initial tangent bearing of South 50^o1644 West, with a radius of 2814.93 feet, an arc distance of 519.10 feet to the True Point of Beginning. Containing 26.96 acres, more or less;

is approved and designated as Parvin Road Corridor Project Area 3D.

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Approved as to form and legality:

Heather A. Brown

Assistant City Attorney