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Legislation #: 180514 Introduction Date: 7/19/2018
Type: Ordinance Effective Date: none
Sponsor: COUNCILMEMBER JUSTUS
Title: Authorizing the City Manager to enter into a funding agreement with the Planned Industrial Expansion Authority of Kansas City, Missouri in an amount not to exceed $3,500,000.00 for blight remediation in the Armour-Gillham PIEA Planning Area.

Legislation History
DateMinutesDescription
7/17/2018 Filed by the Clerk's office
7/19/2018 Referred to Planning, Zoning & Economic Development Committee
7/25/2018 Advance and Do Pass as a Committee Substitute, Debate
7/26/2018 Passed as Substituted

View Attachments
FileTypeSizeDescription
180514.pdf Authenticated 50K Authentication
180514 Fact Sheet.pdf Fact Sheet 20K Fact Sheet
180514 Agreement.pdf Agreement 205K Agreement

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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 180514

 

Authorizing the City Manager to enter into a funding agreement with the Planned Industrial Expansion Authority of Kansas City, Missouri in an amount not to exceed $3,500,000.00 for blight remediation in the Armour-Gillham PIEA Planning Area.

 

WHEREAS, the Armour Troost Redevelopment Project is a mixed-use residential and commercial development within the Armour-Gillham PIEA Planning Area; and

 

WHEREAS, completion of the Armour Troost Redevelopment Project will significantly contribute to blight remediation in the Armour-Gillham PIEA Planning Area; and

 

WHEREAS, the PIEA authorized incentives, including an ad valorem property tax abatement, for the Armour Troost Redevelopment Project by Resolution No. 1975, on May 17, 2018; and

 

WHEREAS, the City Planning Commission approved a land use plan in Case No. 14943-UR, setting out bulk and density requirements for the Armour Troost Redevelopment Project; and

 

WHEREAS, the ordinance approving the land use plan is intended to be considered following submission of building design and parking details in accordance with the bulk and density parameters approved by the City Planning Commission in Case No. 14943-UR; and

 

WHEREAS, the City desires to identify appropriate additional funding mechanisms to support completion of the Armour Troost Redevelopment Project; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the City Manager is hereby authorized to execute a funding agreement with the Planned Industrial Expansion Authority of Kansas City, Missouri for blight remediation in the Armour-Gillham PIEA Planning Area in an amount not to exceed $3,500,000.00 to be appropriated from surplus revenues from the Midtown Redevelopment Tax Increment Financing Plan.

  

Section 2. That the City Manager is authorized to execute the funding agreement in substantially the form attached to this Ordinance with such changes and clarifications as are determined necessary by the City Manager.

 

_______________________________________

 

Approved as to form and legality:

  

______________________________

Brian T. Rabineau

Assistant City Attorney