ORDINANCE NO. 070119

Authorizing the termination of the Riverfront Tax Increment Financing Plan.

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

WHEREAS, the Council on March 11, 1999, by Ordinance No. 990206 approved the Riverfront Tax Increment Financing Plan to assist in construction of sanitary sewer and other related public improvements; and

WHEREAS, due to major revisions of the proposed redevelopment plan, funding sources and land uses, the Riverfront Tax Increment Financing Plan requests the City Plan Commission to terminate the Plan; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the Riverfront Tax Increment Financing Plan is hereby terminated.

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Approved as to form and legality:

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Heather A. Brown

Assistant City Attorney