ORDINANCE NO. 980615

Ordering the Barry Towne Improvement Project Improvements to be made and financing therefor to be obtained.

WHEREAS, pursuant to Sections 67.453 to 67.475, inclusive, RSMo, named the Neighborhood Improvement District Act (the "Act"), the City Council of Kansas City, Missouri has heretofore determined the Barry Towne Improvement Project to be advisable and ordered plans and specifications for the Project to be prepared; and

WHEREAS, plans and specifications for the Phase I Improvements included in said Project, including the estimated cost, were submitted to the City Council, an assessment roll was prepared and, pursuant to notice duly given, a hearing was held on the proposed improvements and assessments; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. The Phase I Improvements are ordered to be made and financing for the cost thereof obtained.

Section 2. When the Project is completed, the finally determined costs of the Phase I Improvements included in the Project shall be assessed against property within the neighborhood improvement district created for the Project according to the method of assessment provided for in the Ordinance determining the Project to be advisable. The final Project Cost assessed against property owners shall not exceed the estimated cost of the Phase I Improvements included in the Project stated in the petition submitted for the Project by more than 25%.

Section 3. It is hereby found and determined that the benefits to each property owner within the district exceed the cost of the Project that may be assessed to such property.

Section 4. This Ordinance shall be in full force and effect ten (10) days from and after its passage by the City Council.

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Approved as to form and legality:

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Assistant City Attorney