RESOLUTION NO. 050324

Expressing the support of the City Council for the inclusion of the Planned Industrial Expansion Authority of Kansas City, Missouri, and the Industrial Development Authority of the City of Kansas City, Missouri, within the support structure provided by the Economic Development Corporation of Kansas City, Missouri.

WHEREAS, the Economic Development Corporation of Kansas City, Missouri, (EDC), formerly known as the Kansas City Corporation for Industrial Development, was established as a not-for-profit corporation to coordinate the efforts of the various economic development agencies of Kansas City and to provide a cohesive and integrated network of services to support the various agencies; and

WHEREAS, the City Council first expressed its endorsement of the coordinated effort provided by EDC in Resolution No. 49068 adopted April 28, 1978; and

WHEREAS, EDC has proven an effective vehicle to coordinate various independent statutory agencies of the City for the purpose of providing incentives for new and expanded economic development within the corporate boundaries of Kansas City; and

WHEREAS, consideration has been given to include certain agencies not currently benefiting from EDC services within the support structure of EDC, specifically the agencies of the Planned Industrial Expansion Authority of Kansas City, Missouri, (PIEA) and the Industrial Development Authority of the City of Kansas City, Missouri, (IDA); and

WHEREAS, the City Council desires to express its support for the inclusion of the PIEA and the IDA as City agencies which receive the benefits of operation under EDC; NOW, THEREFORE,

BE IT RESOLVED BY THE COUNCIL OF KANSAS CITY:

That the City Council hereby expresses its support of the expansion of services provided by the Economic Development Corporation of Kansas City, Missouri, to the Planned Industrial Expansion Authority of Kansas City, Missouri and the Industrial Development Authority of the City of Kansas City, Missouri, to enhance the efforts of Kansas City to attract new businesses to Kansas City and to provide appropriate benefits to existing businesses in expansion and relocation.

BE IT FURTHER RESOLVED that the Council directs that a copy of this Resolution be spread upon the minutes and copies delivered to the Board of Directors of Economic Development Corporation of Kansas City, Missouri, the Planned Industrial Expansion Authority of Kansas City, Missouri, and the Industrial Development Authority of the City of Kansas City, Missouri.

_______________________________________________