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RESOLUTION NO. 040374
Authorizing an application
to the Missouri Development Finance Board (MDFB) for the preliminary
authorization of state tax credits in an amount not to exceed $30,000,000.00 to
support fund-raising efforts for construction of a maintenance facility for
Council intends to provide a wide variety of employment opportunities for the
citizens of Kansas City, Missouri; NOW, THEREFORE,
BE IT RESOLVED BY
THE COUNCIL OF KANSAS CITY:
Section 1. That
the Council supports American Airlines in its efforts to renovate the former
TWA overhaul base and surrounding facilities at the Kansas City International
Airport for one of their three major maintenance facilities.
Section 2. That
this renovation effort is a unique opportunity to create approximately 2000
jobs and renovate a 50 year old, underused facility.
Section 3. That
the Council authorizes an application in an amount not to exceed $30,000,000.00
to the Missouri Development Finance Boards Tax Credit for Contribution Program
to finance the renovation of the former TWA overhaul base and surround
facilities to accommodate the proposed American Airlines maintenance facility.