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RESOLUTION NO. 050207
Determining that the 43rd
and Main Tax Increment Financing Plan is making satisfactory progress under the
proposed time schedule for completion of the projects therein.
WHEREAS, the 43rd
and Main Tax Increment Financing Plan was approved by the City Council on March
24, 1994, by Ordinance No. 940227; and
WHEREAS, Section
99.865.3, RSMo, provides that five years after the establishment of a
redevelopment plan and every five years thereafter, the Council shall hold a
public hearing regarding those redevelopment plans and projects created
pursuant to Sections 99.800 to 99.865, RSMo, to determine if the redevelopment
project is making satisfactory progress under the proposed time schedule
contained within the approved plans for completion of such projects; and
WHEREAS, after proper
notice, the Tax Increment Financing Commission of Kansas City, Missouri,
accepted the ten year report of the 43rd and Main Tax Increment
Financing Plan after a public hearing; NOW, THEREFORE,
BE IT RESOLVED BY THE
COUNCIL OF KANSAS CITY:
Section 1. That
the Council hereby determines that the 43rd and Main Tax Increment
Financing Plan is making satisfactory progress under the proposed time schedule
contained within the approved plan for completion of the projects therein.
Section 2. That
the Council hereby finds that the required notices were published and the
required hearing was held, pursuant to Section 99.365.3, RSMo.
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