KC Skyline

City Clerk Web Search

Search the Ordinances:

Legislation #: 130207 Introduction Date: 3/21/2013
Type: Ordinance Effective Date: none
Sponsor: None
Title: Approving the Second Amendment to the Gailoyd Tax Increment Financing Plan; terminating the Gailoyd Tax Increment Financing Plan and the designation of Redevelopment Project Areas 1 through 6; declaring as surplus all sums in any Special Allocation Fund in excess of amounts required to pay existing and anticipated TIF Commission administrative costs; and distributing any surplus funds to the taxing jurisdictions.

Legislation History
DateMinutesDescription
3/18/2013 Filed by the Clerk's office
3/21/2013 Referred to Planning, Zoning & Economic Development Committee
3/27/2013 Advance and Do Pass, Debate
3/28/2013 Passed

View Attachments
FileTypeSizeDescription
130207.pdf Authenticated 81K AUTHENTICATED
130207 Fact Sheet.pdf Fact Sheet 204K 130207 Fact Sheet
Gailoyd TIF - 2nd Amendment - Request For Ordinance (00158389).pdf Staff Report 64K Gailoyd TIF - Second Amendment - termination - staff report (00156509)
Gailoyd TIF - Second Amendment - termination - staff report (00156509).pdf Other 205K Gailoyd TIF - 2nd Amendment - Request For Ordinance (00158389)
http://kansascity.granicus.com/ViewSearchResults.php?jumpMenu=Apply+For&jumpMenu2=Contact%2FReach&jumpMenu3=Find&jumpMenu8=Get%2FObtain&jumpMenu4=Pay&jumpMenu4=Register&jumpMenu5=Subscribe&jumpMenu6=Report&jumpMenu7=Request&jumpMenu9=Watch&jumpMenu=Select+Department&view_id=2&types%5BClip%5D=on&types%5BAgendaItem%5D=on&types%5BCaption%5D=on&allwords=130207 Website Link 0K http://kansascity.granicus.com/ViewSearchResults.php?jumpMenu=Apply+For&jumpMenu2=Contact%2FReach&jumpMenu3=Find&jumpMenu8=Get%2FObtain&jumpMenu4=Pay&jumpMenu4=Register&jumpMenu5=Subscribe&jumpMenu6=Report&jumpMenu7=Request&jumpMenu9=Watch&jumpMenu=Select+Department&view_id=2&types%5BClip%5D=on&types%5BAgendaItem%5D=on&types%5BCaption%5D=on&allwords=130207
Gailoyd TIF Plan.pdf Maps 87K Gailoyd TIF - 2nd Amendment - termination

Printer Friendly Version

ORDINANCE NO. 130207

Approving the Second Amendment to the Gailoyd Tax Increment Financing Plan; terminating the Gailoyd Tax Increment Financing Plan and the designation of Redevelopment Project Areas 1 through 6; declaring as surplus all sums in any Special Allocation Fund in excess of amounts required to pay existing and anticipated TIF Commission administrative costs; and distributing any surplus funds to the taxing jurisdictions.

  WHEREAS, the Gailoyd Tax Increment Financing Plan was approved by Ordinance No. 030260 passed on March 27, 2003, and has since been amended one previous time by Committee Substitute for Ordinance No. 060015 passed on January 26, 2006; and

WHEREAS, the Second Amendment to the Gailoyd Tax Increment Financing Plan was proposed to the Tax Increment Financing Commission of Kansas City, Missouri (the “TIF Commission”); and

WHEREAS, the TIF Commission, after all proper notice was given, met in public hearing and after receiving the comments of all interested persons and taxing districts, closed said public hearing and adopted its Resolution recommending that the City Council approve the Second Amendment to the Gailoyd Tax Increment Financing Plan and take certain further actions related thereto; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the Second Amendment to the Gailoyd Tax Increment Financing Plan, as previously amended, is hereby approved and adopted as valid.

Section 2. That the Gailoyd Tax Increment Financing Plan, as previously amended, is hereby terminated.

Section 3. That the designation of Redevelopment Projects 1, 2, 3, 4, 5 and 6, as contemplated by Ordinance Nos. 030261, 030262, 030263, 030264, 030265, and 030266 (the “Redevelopment Project Areas”), each of which has previously been released from the City Council’s semi-annual docket, are each hereby terminated.

Section 4. That all funds within any Special Allocation Fund established for the Redevelopment Project Areas that are in excess of existing and anticipated administrative costs and expenses of the TIF Commission, in connection with processing the termination of the Redevelopment Project Areas, are hereby declared as surplus.

Section 5. That the TIF Commission is hereby authorized and directed to remit all such surplus funds identified by Section 4, if any, to the affected taxing districts in accordance with Section 99.850, RSMo.

Section 6. That all terms used in this ordinance, not otherwise defined herein, shall be construed as defined in Section 99.800 to 99.865 of the Revised Statutes of Missouri, as amended.

______________________________________________

  Approved as to form and legality:

 

 

_________________________________

Brian T. Rabineau

Assistant City Attorney