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Legislation #: 060708 Introduction Date: 6/29/2006
Type: Ordinance Effective Date: none
Sponsor: None
Title: Accepting the recommendations of the Tax Increment Financing Commission as to the First Amendment to the 87th Street and Hillcrest Road Tax Increment Financing Plan; approving the First Amendment to the 87th Street and Hillcrest Road Tax Increment Financing Plan.; and designating an expanded redevelopment area.

Legislation History
DateMinutesDescription
6/28/2006 Filed by the Clerk's office
6/29/2006 Referred to Planning, Zoning & Economic Development Committee
7/5/2006 Advance and Do Pass, Debate
7/6/2006 Passed

View Attachments
FileTypeSizeDescription
060708.pdf Authenticated 202K Authenticated
00065193.xls Fact Sheet 41K Fact Sheet
00065194.doc Other 27K Request for ordinance
00065405.pdf Other 140K 87th St. & Hillcrest Rd. 1st Amendment

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ORDINANCE NO. 060708

 

Accepting the recommendations of the Tax Increment Financing Commission as to the First Amendment to the 87th Street and Hillcrest Road Tax Increment Financing Plan; approving the First Amendment to the 87th Street and Hillcrest Road 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, the 87th Street and Hillcrest Road Tax Increment Financing Plan (the Redevelopment Plan) was approved by Committee Substitute for Ordinance No. 050212 passed March 3, 2005; and

 

WHEREAS, the First Amendment to the 87th Street and Hillcrest Road Tax Increment Financing Plan was proposed to the Commission; and

 

WHEREAS, the 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 with respect to the Redevelopment Plan, closed said public hearing on May 10, 2006, adopted its Resolution No. 5-9-06 (the Resolution) recommending to the City Council the approval of the First Amendment to the Plan (the "First Amendment to the Redevelopment Plan"); and

 

WHEREAS, the First Amendment to the Redevelopment Plan will expand the redevelopment area by adding 12.33 acres; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. The recommendation of the Commission concerning the First Amendment to the Redevelopment Plan as set forth in the Resolution attached hereto as Exhibit "A", is hereby accepted and the First Amendment to the Redevelopment Plan, a copy of which is attached hereto as Exhibit "B", is hereby approved and adopted.

 

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

 


Section 3. The following described area is hereby designated a Redevelopment Area:

 

The East 866.59 feet of the Northwest Quarter of the Southeast Quarter of Section 23, Township 48 North, Range 33 West, EXCEPT that part in roads.

 

Section 4. In accordance with the recommendations of the Commission as set forth in the Resolution, the City Council hereby finds that:

 

(a) The Redevelopment Area as a whole is a blighted area, evidenced by defective or inadequate street layout; unsanitary or unsafe conditions; deterioration of site improvements; and other blighting conditions.

 

(b) The Redevelopment Area 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 Amendment to the Redevelopment Plan;

 

(c) The First Amendment to the Redevelopment Plan conforms to FOCUS and South Development Area Land Use Plan, together, the comprehensive plan for the development of the City as a whole;

 

(d) The areas selected for Redevelopment Projects include only those parcels of real property and improvements thereon which will be directly and substantially benefited by the Redevelopment Project improvements;

 

(e) 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 Redevelopment Plan, and are not more than 23 years from the adoption of any ordinance approving a Redevelopment Project within the Redevelopment Area;

 

(f) A plan has been developed for relocation assistance for businesses and residences;

 

(g) A cost-benefit analysis showing the impact of the First Amendment to the Redevelopment Plan on each taxing district at least partially within the boundaries of the Redevelopment Area has been prepared in accordance with the Act; and

 

(h) The First Amendment to the Redevelopment Plan does not include the initial development or redevelopment of any gambling establishment.

 


Section 5. The City and/or the Commission is authorized to issue obligations in one or more series of bonds secured by the 87th Street and Hillcrest Road Tax Increment Financing Plan Account of the Special Allocation Fund to finance Redevelopment Project Costs within the 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 City and/or the Commission determines, to enter into such contracts and take all such further actions as are reasonably necessary to achieve the objectives of the 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 Redevelopment Plan, the City Council approves the pledge of all funds generated from Redevelopment Projects that are deposited into the 87th Street and Hillcrest Road Tax Increment Financing Plan Account of the Special Allocation Fund to the payment of Redevelopment Project Costs within the Redevelopment Area and authorizes the Commission to pledge such funds on its behalf.

 

_____________________________________________

 

Approved as to form and legality:

 

 

______________________________

Heather A. Brown

Assistant City Attorney