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Legislation #: 940721 Introduction Date: 6/9/1994
Type: Ordinance Effective Date: 7/3/1994
Sponsor: None
Title: Accepting the recommendations of the Tax Increment Financing Commission as to the First Amendment to the Eleventh Street Corridor Tax Increment Financing Plan; approving the First Amendment to the Eleventh Street Corridor Tax Increment Financing Plan; and designating an Expanded Redevelopment Area.

Legislation History
DateMinutesDescription
6/9/1994

Prepare to Introduce

6/9/1994

Referred Plans And Zoning Committee

6/15/1994

Do Pass

6/16/1994

Assigned to Third Read Calendar

6/23/1994

Passed


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ORDINANCE NO. 940721

 

Accepting the recommendations of the Tax Increment Financing Commission as to the First Amendment to the Eleventh Street Corridor Tax Increment Financing Plan; approving the First Amendment to the Eleventh Street Corridor Tax Increment Financing Plan; and designating an Expanded Redevelopment Area.

 

WHEREAS, the City Council of Kansas City, Missouri by Ordinance No. 54556 passed on November 24, 1982 and thereafter amended in certain respects by Committee Substitute for Ordinance No. 911076, as amended, passed on August 29, 1991, created the Tax Increment Financing Commission of Kansas City, Missouri (the "Commission"); and

 

WHEREAS, said Commission has been duly constituted and its members appointed; and, after all proper notice was given, the Commission met in public hearing and after receiving the comments of all interested persons and taxing districts, closed said public hearing on November 10, 1992 and on November 10, 1992, adopted its Resolution recommending to the City Council the approval of the Eleventh Street Corridor Tax Increment Financing Plan (the "Original Redevelopment Plan"); and

 

WHEREAS, on December 10, 1992, the City Council adopted Ordinance No. 921355, which accepted the recommendations of the Commission as to the Original Redevelopment Plan; approved the Original Redevelopment Plan, found the Original Redevelopment Area to be conservation area; designated the Original Redevelopment Area as a Redevelopment Area pursuant to the Act; approved an agreement with the Commission; and authorized the Commission to take all such action as may be needed to effectuate the plan; and

 

WHEREAS, said Original Redevelopment Plan has been proceeding, and the Redevelopment Projects described therein remain necessary to improve the Redevelopment Area therein; and

 

WHEREAS, an amendment to the Original Redevelopment Plan entitled "The First Amendment to the Eleventh Street Corridor Tax Increment Financing Plan" (the "First Amended Redevelopment Plan") attached hereto as Exhibit "A" affecting the area described therein (the "Amended Redevelopment Area") was proposed to the Commission; and

 

WHEREAS, the intent of the First Amended Redevelopment Plan is to expand the boundaries of the Original Redevelopment Area to include additional area in which a series of sixteen (16) additional Redevelopment Projects are to be completed. The additional projects are intended to eliminate or reduce those conditions, the existence of which support characterizing the Amended Redevelopment Area as a conservation area and to enhance the tax base within such area but are not intended to have any effect on the Redevelopment Projects described in the Original Redevelopment Plan; and

 

WHEREAS, after all proper notice was given, the Commission met in public hearing and after receiving the comments of all interested parties and taxing districts affected, closed said public hearings on May 11, 1994 and on May 11, 1994, approved its resolution recommending to the City Council that the First amendment to the Eleventh Street Tax Increment Financing Plan be approved and the Amended Redevelopment Area therein be designated as a Redevelopment Area; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. The recommendation of the Commission concerning the First Amended Redevelopment Plan as set forth in the resolution attached hereto as Exhibit "B" are hereby accepted and the First Amended Redevelopment Plan, a copy of which is attached hereto as Exhibit "A", is hereby approved and adopted as valid and the Redevelopment Projects contained therein are hereby authorized.

 

Section 2. All terms used in this ordinance shall be construed as defined in Section 99.800 to 99.865 of the Revised Statutes of Missouri, as amended (the "Act").

 

Section 3. The following described area constituting the Amended Redevelopment Area is hereby designated as a Redevelopment Area pursuant to the Act:

 

The Redevelopment Area consists of an irregularly shaped area located in that portion of the Central Business District of Kansas City, Missouri generally bound on the north by West Seventh Street, on the east by Wyandotte Street, on the south by Bee Line Street, and on the west by Interstate 29. The Redevelopment Area is more specifically described as follows:

 

Beginning at the point of intersection of the south right-of-way line of West 10th Street as now established and the east right-of-way line of Wyandotte Street as now established; thence south along the east right-of-way line of Wyandotte Street to the south right-of-way line of West 11th Street as now established; thence west along the south right-of-way line of West 11th Street to the east right-of-way line of Central Street as now established; thence south along the east right-of-way line of Central Street to the north right-of-way line of West 12th Street as now established; thence west along the north right-of-way line of West 12th Street to the west right-of-way line of Broadway as now established; thence north along the west right-of-way line of Broadway to the south right-of-way line of West 11th Street; thence west along the south right-of-way line of West 11th Street to the east right-of-way line of Pennsylvania Avenue as now established; thence south along the east right-of-way line of Pennsylvania Avenue to the easterly extension of the south lot line of Lot 2, THE CORDOVA SUBDIVISION; thence west along the south lot line of Lot 2, THE CORDOVA SUBDIVISION, and the south lot line of Lots 6 through 10, Block 3, LYKINS PLACE ADDITION, and the south lot line of Lots 1 through 6 to the west lot line of Lot 6, Block 4, LYKINS PLACE ADDITION; thence north along the west lot line of Lot 6, Block 4, LYKINS PLACE ADDITION, and the northerly extension of said line to the north right-of-way line of West 12th Street; thence west along the north right-of-way line of West 12th Street to the east right-of-way line of Interstate 29 as now established, said point also being the southwest corner of Lot 2, COATES & HOPKINS 12TH STREET ADDITION; thence northwesterly and northerly along the east right-of-way line of Interstate 29 to the northwest corner of Lot 5, COATES & HOPKINS 12TH STREET ADDITION; thence east along the north line of Lots 5, 4 and 3, COATES & HOPKINS 12TH STREET ADDITION, to a point on the north lot line of Lot 3, said point being 14.5 feet west of the northeast corner of said Lot 3; thence north 160 feet to the south right-of-way line of vacated West 11th street; thence west 25 feet along the south right-of-way line of vacated West 11th Street; thence north to the north right-of-way line of West 11th Street; thence southerly and easterly along the north right-of-way line of West 11th Street to the west right-of-way line of Jefferson Street as now established; thence north along the west right-of-way line of Jefferson Street to the south right-of-way line of West 10th Street; thence east along the south right-of-way line of West 10th Street to a point 10 feet east of the east lot line of Lot 5, Block 7, COATES ADDITION; thence south along a line 10 feet east of and parallel to the east lot line of Lot 5, Block 7, COATES ADDITION, to the north lot line of Lot 17, Block 7, COATES ADDITION; thence west along the north lot line of lot 17, Block 7, COATES ADDITION, to the east right-of-way line of Jefferson Street; thence south along the east right-of-way line of Jefferson Street to a point 25 feet south of the northwest corner of Lot 15, Block 7, COATES ADDITION; thence east along a line 25 feet south of and parallel to the north lot line of Lot 15, Block 7, COATES ADDITION, and its extension to the west line of Lot 8, Block 7, COATES ADDITION; thence south along the west lot line of Lots 8 and 9, Block 7, COATES ADDITION, to the south lot line of said Lot 9; thence east along the south lot line of Lot 9, Block 7, COATES ADDITION, to the west right-of-way line of Pennsylvania Avenue; thence north along the west right-of-way line of Pennsylvania Avenue to the south right-of-way line of West 10th Street; thence east along the south right-of-way line of West 10th Street to the east right-of-way line of Pennsylvania Avenue; thence south along the east right-of-way line of Pennsylvania Avenue to the northwest corner of Lot 16, Block 5, COATES ADDITION; thence east along the north lot line of Lot 16, Block 5, COATES ADDITION, to the east lot line of said Lot 16; thence south 130 feet, more or less, along the east lot line of Lots 16, 15 and 14, Block 5, COATES ADDITION, to a point 10.1 feet south of the northeast corner of said Lot 14; thence east along a line 10.1 feet south of and parallel to the north lot line of Lots 9 and 14, Block 5, COATES ADDITION, to the west right-of-way line of Washington Street, said point being 4.1 feet south of the northeast corner of Lot 9, Block 5, COATES ADDITION; thence north along the west right-of-way line of Washington Street to the south lot line of Lot 9, Block 6, COATES ADDITION; thence west along the south lot line of Lots 9 and 14, Block 6, COATES ADDITION, to the west right-of-way line of Pennsylvania Avenue; thence north along the west right-of-way line of Pennsylvania Avenue to the north right-of-way line of West 7th Street; thence east along the north right-of-way line of West 7th Street to the west right-of-way line of Washington Street; thence south along the west right-of-way line of Washington Street to a point on the east lot line of Lot 18, Block 3, LUCAS PLACE, said point being on the westerly extension of a line 38 feet north of and parallel to the south lot line of Lot 7, Block 2, LUCAS PLACE; thence east along a line 38 feet north of and parallel to the south lot line of Lot 7, Block 2, LUCAS PLACE, to the northerly extension of the east line of the vacated north-south alley lying between Washington Street and Bank Street; thence south along the east line of the vacated north-south alley lying between Washington Street and Bank street to a point 18 feet north of the south lot line of Lot 18, Block 2, LUCAS PLACE; thence east along a straight line 18 feet north of and parallel to the south lot line of Lot 18, Block 2, LUCAS PLACE, said line being the south right-of-way line of West 8th Street, to the east right-of-way line of Broadway Boulevard; thence south along the east right-of-way line of Broadway Boulevard to the south right-of-way line of West 9th Street; thence west along the south right-of-way line of west 9th Street to the west lot line of Lot 9, Block 2, COATES ADDITION; thence south along the east right-of-way of Bank Street to the easterly extension of the south lot line of Lot 2, REPLAT OF TRACT 1 QUALITY HILL PHASE TWO, said point being 306.45 feet, more or less, from the south right-of-way line of West 9th Street; thence west along a straight line 306.45 feet, more or less, south of and parallel to the south right-of-way line of West 9th Street a distance of 72 feet to the east lot line of Lot 2, REPLAT OF TRACT 1 QUALITY HILL PHASE TWO; thence south along the east right-of-way line of Lot 2, REPLAT OF TRACT 1 QUALITY HILL PHASE TWO to the north right-of-way line of West 10th Street; thence west along the north right-of-way line of West 10th Street to the west lot line of Lot 2, REPLAT OF TRACT 1 QUALITY HILL PHASE TWO; thence north along the west lot line of Lot 2, REPLAT OF TRACT 1 QUALITY HILL PHASE TWO, to the north lot line of Lot 2, REPLAT OF TRACT 1 QUALITY HILL PHASE TWO; thence east along the north lot line of Lot 2, REPLAT OF TRACT 1 QUALITY HILL PHASE TWO, to the west right-of-way line of Bank Street; thence north along the west right-of-way line of Bank Street to south right-of-way line of West 9th; thence west along the south right-of-way of 9th Street to the east right-of-way line of Washington Street; thence south along the east right-of-way line of Washington Street to a point 163.98 feet south of the south right-of-way line of West 10th Street; thence east 68.72 feet; thence north 37.19 feet to the north lot line of Lot 13, HOPKINS RESURVEY OF BLOCKS 1, 2 3 & 4 COATES ADDITION; thence east 65.63 feet along the north lot line of Lot 13, HOPKINS RESURVEY OF BLOCKS 1 THRU 4 COATES ADDITION, to a point 15 feet west of the east lot line of said Lot 13; thence south along a line 15 feet west of and parallel to the east lot line of Lots 13, 14 and 15, Block 3, HOPKINS RESURVEY OF BLOCKS 1, 2 3 & 4 COATES ADDITION, and the southerly extension of said line to a point 8 feet south of the southeast corner of said Lot 15; thence west along a line 8 feet south of and parallel to the south lot line of Lot 15, Block 3, HOPKINS RESURVEY OF BLOCKS 1, 2, 3 & 4 COATES ADDITION to the east right-of-way line of Washington Street; thence south along the east right-of-way line of Washington Street to the north right-of-way line of West 11th Street; thence east along the north right-of-way line of West 11th Street to the west right-of-way line of Broadway; thence north along the west right-of-way line of Broadway to the south right-of-way line of West 10th Street; thence east along the south right-of-way line of West 10th Street to the east right-of-way line of Central Street; thence south along the east right-of-way line of Central Street to the southwest corner of Lot 1, Block 12, ASHBURNS ADDITION; thence east along the south lot line of Lots 1 THRU 4, Block 12, ASHBURNS ADDITION, to the east lot line of said Lot 4; thence north along the east lot line of Lot 4, Block 12, ASHBURNS ADDITION, to the south right-of-way line of West 10th Street; thence west along the south right-of-way line of West 10th Street to the east right-of-way line of Central Street; thence north along the east right-of-way line of Central Street to north lot line of Lot 17, Block 3, ASHBURNS ADDITION; thence east along the north lot line of Lot 17, Block 3, ASHBURNS ADDITION, to the east lot line of said Lot 17; thence south along the east lot line of Lots 12 thru 17, Block 3, ASHBURNS ADDITION, and its southerly extension to the north lot line of Lot 6, Block 7, ASHBURNS ADDITION; thence east along the north lot lines of Lots 7 and 8, Block 7, ASHBURNS ADDITION, to the east lot line of said Lot 8; thence south along the east lot line of Lot 8, Block 7, ASHBURNS ADDITION, to the south right-of-way line of West 10th Street; thence east along the right-of-way line to the Point of Beginning, all now included in and a part of Kansas City, Jackson County, Missouri.

 

Section 4. The City Council hereby finds that:

 

(a) Good cause has been shown for the amendment of the Original Redevelopment Plan, and that the findings of the

City Council in Ordinance No. 921355, with respect to the

Original Redevelopment Plan, are not affected by the

First Amended Redevelopment Plan and apply equally to the

First Amended Redevelopment Plan;

 

(b) The Amended Redevelopment Area as a whole is a conservation area, and has not been subject to growth and

development through investment by private enterprise and

would not reasonably be anticipated to be developed

without the adoption of the First Amended Redevelopment

Plan;

 

(c) The First Amended Redevelopment Plan conforms to the comprehensive plan for the development of the City as a

whole;

 

(d) The estimated dates of completion of the respective Redevelopment Projects and retirement of obligations

incurred to finance Redevelopment Project Costs, have

been stated in the First Amended Redevelopment Plan and

are not more than 23 years from the adoption of any

ordinance approving a Redevelopment Project within the

Amended Redevelopment Area;

 

(e) A plan has been developed for relocation assistance for businesses and residences.

 

Section 5. The Commission is authorized to issue obligations in one or more series of bonds secured by the Eleventh Street corridor Account of the Special Allocation Fund to finance Redevelopment Project Costs within the Amended Redevelopment Area and subject to any constitutional limitations, to acquire by purchase, donation, lease or eminent domain, own, convey, lease, mortgage, or dispose of, land or other property, real or personal, or rights or interests therein, and grant or acquire licenses, easements and options with respect thereto, all in the manner and at such price the Commission determines, to enter into such contracts and take all such further actions as are reasonably necessary to achieve the objectives of the First Amended Redevelopment Plan pursuant to the power delegated to it in Ordinance No. 54556. Any obligations issued to finance Redevelopment Project Costs shall contain a recital that they are issued pursuant to Sections 99.800 to 99.865, which recital shall be conclusive evidence of their validity and of the regularity of their issuance.

 

Section 6. Pursuant to the provisions of the First Amended Redevelopment Plan, the City Council approves the pledge of all funds generated from Redevelopment Projects that are deposited into the Eleventh Street Corridor Account of the Special Allocation Fund to the payment of Redevelopment Project Costs within the Amended Redevelopment Area and authorizes the Commission to pledge such funds on its behalf.

 

_____________________________________________

 

 

Approved as to form and legality:

 

 

 

___________________________________

Acting City Attorney