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Legislation #: 060341 Introduction Date: 3/24/2006
Type: Ordinance Effective Date: none
Sponsor: COUNCILMEMBER NASH
Title: Authorizing the City Manager to execute the Sixth Amendment of the Master Development Agreement with Kansas City Live, LLC; ratifying previous amendments to that Master Development Agreement; authorizing the City Manager to execute the City Parking Easement and Agreement with Kansas City Live, LLC and the Tax Increment Financing Commission; authorizing a $400,000.00 amendment to an agreement with Bryan Cave, LLC for legal services relating to the Kansa City Live Entertainment District Project; and recognizing an emergency.

Legislation History
DateMinutesDescription
3/24/2006 Filed by the Clerk's office
3/23/2006 Referred to Finance and Audit Committee
3/29/2006 Advance and Do Pass, Debate
3/30/2006 Passed

View Attachments
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060341.pdf Authenticated 208K Authenticated
6th Amendment Factsheet.xls Fact Sheet 53K Fact sheet

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ORDINANCE NO. 060341

 

Authorizing the City Manager to execute the Sixth Amendment of the Master Development Agreement with Kansas City Live, LLC; ratifying previous amendments to that Master Development Agreement; authorizing the City Manager to execute the City Parking Easement and Agreement with Kansas City Live, LLC and the Tax Increment Financing Commission; authorizing a $400,000.00 amendment to an agreement with Bryan Cave, LLC for legal services relating to the Kansa City Live Entertainment District Project; and recognizing an emergency.

 

WHERAS, the City continues to desire the elimination of blight within, and the redevelopment of, the southern portion of the loop of downtown Kansas City referred to from time to time variously as the 1200 Main or South Loop Tax Increment Financing District or SOLO; and

 

WHEREAS, in furtherance of these purposes, the City entered into a Master Development Agreement with Kansas City Live, LLC as authorized by Ordinance No. 031414 for the creation of a retail and entertainment district within a portion of SOLO that may also include residential and office components; and

 

WHEREAS, in furtherance of these purposes, the City entered into a Master Development Agreement with H & R Block, Inc. as authorized by Ordinance No. 031414 for the relocation and construction of its new world headquarters within a portion of SOLO that may also include the construction of residential units; and

 

WHEREAS, during the progression of these redevelopment projects, there have arisen the need for additional agreements and amendments to the original Master Development Agreement with Kansas City Live, Inc.; and NOW,THEREFORE;

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the City Manager is authorized to execute the Sixth Amendment of the Citys Master Development Agreement with Kansas City Live, LLC. In substantial form as that on file in the office of the City Manager and which is incorporated herein by reference.

 

Section 2. That First, Second, Third, Fourth, and Fifth Amendments of the Citys Master Development Agreement with Kansas City Live, LLC are hereby ratified and incorporated herein by reference.

 

Section 3. That the City Manager is authorized to execute the City Parking Easement and Agreement with Kansas City Live, LLC and the Tax Increment Financing Commission of Kansas City, Missouri in substantial form as that on file in the office of the City Manager and which is incorporated herein by reference.

 

Section 4. That the City Attorney is hereby authorized to enter into a contract amendment not to exceed $400,000.00 with Bryan Cave LLC for the continued legal services relating to both the Kansas City Live Entertainment District and the H & R Block redevelopment projects, as originally authorized by Ordinance No. 031414 from funds previously appropriated to Account No. AL-3310-647229-B KC Live Project

 

Section 5. That this ordinance, making provision for the current expenses of municipal government, is recognized as an emergency measure within the provision of Section 15, Article II of the Charter of Kansas City, and shall take effect in accordance with that section.

 

__________________________________________________

 

I hereby certify that there is a balance, otherwise unencumbered, to the credit of the appropriation to which the foregoing expenditure is to be charged, and a cash balance, otherwise unencumbered, in the treasure, to the credit of the fund from which payment is to be made, each sufficient to meet the obligation hereby incurred.

 

 

______________________________

Debra R. Hinsvark

Director of Finance

 

 

Approved as to form and legality:

 

 

______________________________

Galen P. Beaufort

City Attorney