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COMMITTEE SUBSTITUTE
FOR RESOLUTION NO. 070481
Authorizing
an application to the Missouri Development Finance Board for the preliminary
authorization of State Tax Credits in the amount not to exceed $1,300,000.00 to
support fund-raising efforts for the renovation and expansion of the Negro Leagues Baseball Museum, and authorizing execution of a tax credit agreement related
to the project.
BE IT RESOLVED
BY THE COUNCIL OF KANSAS CITY:
Section 1. That
the Council expresses its intention to support the concept of renovating and
expanding the existing Paseo YMCA into the Negro Leagues Baseball Museum and efficiency.
Section 2. That
the Council states that the renovated facility will benefit the public by
creating jobs and providing cultural opportunities in Kansas City, Missouri.
Section 3. That
the Council authorizes an application in the amount of $1,300,000.00 from the
Missouri Development Finance Boards Tax Credit for Contribution Program to
finance the renovation and expansion of the Negro Leagues Baseball Museum.
Section 4. That
the Council authorizes the Director of City Development to execute a tax credit
agreement related to the project if the MDFB approves the application, the
agreement to be in a form substantially as that on file in the office of the
Director of City Development.
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