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Legislation #: 031191 Introduction Date: 10/23/2003
Type: Ordinance Effective Date: none
Sponsor: None
Title: Accepting the recommendations of the Tax Increment Financing Commission of Kansas City as to the First Amendment to the Prospect North Tax Increment Financing Plan and approving the First Amendment to the Prospect North Tax Increment Financing Plan.

Legislation History
DateMinutesDescription
10/23/2003

Prepare to Introduce

10/23/2003

Referred Planning, Zoning & Economic Development Committee

10/29/2003

Hold On Agenda

12/3/2003

Hold On Agenda

1/7/2004

Hold On Agenda

1/28/2004

Do Pass

1/29/2004

Held on Docket

2/5/2004

Re-Referred Planning, Zoning & Economic Development Committee

2/11/2004

Hold On Agenda

2/18/2004

Advance and Do Pass

2/19/2004

Passed


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ORDINANCE NO. 031191

 

Accepting the recommendations of the Tax Increment Financing Commission of Kansas City as to the First Amendment to the Prospect North Tax Increment Financing Plan and approving the First Amendment to the Prospect North Tax Increment Financing Plan.

 

WHEREAS, in Committee Substitute for Ordinance No. 991307, the Council accepted the recommendations of the Tax Increment Financing Commission of Kansas City (Commission) and approved the Prospect North Tax Increment Financing Plan (Plan); and

 

WHEREAS, the Redevelopment Plan is a comprehensive program intended to satisfy, reduce or eliminate those conditions, the existence of which qualified the Redevelopment Area as a blighted area, and to enhance the tax base within the Redevelopment Area through the implementation of three Redevelopment Projects and the adoption of tax increment financing in the three Redevelopment Projects Area; and

 

WHEREAS, the Plan is proposed to be amended to change the land use of Project Area 2 from commercial to residential; to change the land use of Project Area 3 from residential to commercial; and to adjust the location of the new North Agnes Avenue Bridge; and

 

WHEREAS, after all proper notice was given, the Commission met in public hearing regarding the First Amendment on September 26, 2003, at which time, after receiving the comments of all interested persons and taxing districts, the Commission approved Resolution No. 9-26-03 ("Resolution") recommending to the City Council the approval of the First Amendment; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. The recommendations of the Commission concerning the First Amendment as set forth in the Resolution attached hereto as Exhibit A are hereby accepted and the First Amendment, a copy of which is attached hereto as Exhibit B, is hereby approved.

 

Section 2. All terms used in this ordinance, not otherwise defined herein, shall be construed as defined in the Real Property Tax Increment Allocation Redevelopment Act, Sections 99,800 to 99.865, RSMo.

 

Section 3. The City Council hereby finds that good cause has been shown for the amendment of the Plan and that the findings of the Council in Committee Substitute for Ordinance No. 991307, are not affected by the First Amendment and apply equally to the First Amendment.

 

_____________________________________________

 

Approved as to form and legality:

 

 

___________________________________

Heather A. Brown

Assistant City Attorney