ORDINANCE
NO. 180652
Approving the Sixth Amendment to
the Downtown Library District Tax Increment Financing Plan; and directing the
City Clerk to transmit copies of this ordinance.
WHEREAS, pursuant to the Real
Property Tax Increment Allocation Redevelopment Act, Sections 99.800 to 99.865
of the Revised Statutes of Missouri, as amended (the “Act”), the City Council
of Kansas City, Missouri created the Tax Increment Financing Commission of
Kansas City, Missouri (the "Commission"); and
WHEREAS, the Commission recommended approval of the
Downtown Library District Tax Increment Financing Plan (the “Plan”), by passage
of Ordinance No. 021400 on November 26, 2002; and
WHEREAS, the Plan has previously been amended five times by
Ordinance No. 040196, Ordinance No. 051526, Committee Substitute for Ordinance
No. 150151, Ordinance No. 150989 and Ordinance No. 160447; and
WHEREAS, the proposed Sixth
Amendment does not alter the exterior
boundaries, affect the general land uses established pursuant to the Plan or
change the nature of the redevelopment project; and
WHEREAS, all proper parties have
been notified of the proposed Sixth Amendment to the Plan pursuant to the Act;
and
WHEREAS, the Sixth Amendment will
modify certain line items in the budget of Redevelopment Project Costs, without
increasing the overall budget and extend the development schedule; NOW,
THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF
KANSAS CITY:
Section 1. That the Sixth Amendment
to the Downtown Library District Tax Increment Financing Plan 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 Ordinance Nos. 021400, 040196, 051526, 150151, 150989, and 160447
are not affected by the Sixth Amendment and apply equally to the Sixth
Amendment.
Section 4. That
the City Clerk shall send a copy of this ordinance to the County Clerk and
County Executive of Jackson County, Missouri.
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Approved as to form and legality:
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Brian T. Rabineau
Assistant City Attorney