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Legislation #: 120219 Introduction Date: 3/1/2012
Type: Ordinance Effective Date: 3/25/2012
Sponsor: None
Title: Authorizing execution of a Cooperative Agreement with the Tax Increment Financing Commission of Kansas City, Missouri, for the purpose of administering the Midtown Housing Program of the Midtown Redevelopment Tax Increment Financing Plan.

Legislation History
DateMinutesDescription
3/1/2012 Filed by the Clerk's office
3/1/2012 Referred to Planning, Zoning & Economic Development Committee
3/7/2012 Hold On Agenda (3/14/2012)
3/14/2012 Advance and Do Pass, Debate
3/15/2012 Passed

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120219.tiff Authenticated 52K AUTHENTICATED
120219 Fact Sheet.xls Fact Sheet 70K Fact Sheet

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ORDINANCE NO. 120219

 

Authorizing execution of a Cooperative Agreement with the Tax Increment Financing Commission of Kansas City, Missouri, for the purpose of administering the Midtown Housing Program of the Midtown Redevelopment Tax Increment Financing Plan.

 

WHEREAS, pursuant to Committee Substitute for Ordinance No. 001466, as amended, the Third Amendment to the Midtown Redevelopment Tax Increment Financing Plan (the “TIF Plan”) provides that the City will administer the Midtown Housing Program, which may include administration through one or more “Program Delivery Contractors” with established ties to the City and the Commission and which are familiar with housing programs within the City; and

 

WHEREAS, pursuant to the Committee Substitute for Resolution No. 010668 adopted by the City Council on May 3, 2001, the City Council set forth its policy that it remain responsible for the implementation of the Midtown Housing Program and declared its intent to execute a contract with the Commission for the program’s first year of operations; and

 

WHEREAS, subsequent ordinances authorized cooperative agreements with the Commission for administration of the Midtown Housing Program and said agreements were subsequently executed; and

 

WHEREAS, the most recent cooperation agreement has expired and the City and Commission desire to enter into a new Cooperative Agreement for the purpose of administering the Midtown Housing Program, as approved pursuant to the Third Amendment to the TIF Plan; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Director of the Department of City Development is hereby authorized to execute a Cooperative Agreement, on behalf of the City, with the Tax Increment Financing Commission of Kansas City, Missouri, for the purpose of administering the Midtown Housing Program approved as part of the Third Amendment to the Midtown Redevelopment Tax Increment Financing Plan, for a period from April 1, 2012 to March 30, 2017. A copy of the Cooperative Agreement, in substantial form, is attached hereto and is hereby approved.

 

____________________________________________

Approved as to form and legality:

 

 

_______________________________

Cecilia Abbott

Assistant City Attorney