ORDINANCE NO. 090878

Terminating the 43rd & Main Tax Increment Financing Plan.

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

WHEREAS, the Council on March 24, 1994, by Ordinance No. 940227 approved the 43rd & Main Tax Increment Financing Plan and thereafter amended the plan by Ordinance Nos. 941149, 040345, 060613, 061094, 080007 and 090347 to assist in planning and redevelopment initiatives along the Main Street Corridor and adjoining neighborhoods between 31st and 47th Streets; and

  WHEREAS, upon payment of unpaid but eligible reimbursable costs, the Council hereby finds and determines that the 43rd and Main Tax Increment Financing Plan should be terminated in accordance with Chapter 99.800, et seq.; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

  Section 1. That the 43rd & Main Tax Increment Financing Plan is hereby terminated.

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  Approved as to form and legality:

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Heather A. Brown

Assistant City Attorney