KC Skyline

City Clerk Web Search

Search the Ordinances:

Legislation #: 110790 Introduction Date: 10/6/2011
Type: Ordinance Effective Date: 11/13/2011
Sponsor: None
Title: Terminating the Jazz District Tax Increment Financing Plan.

Legislation History
DateMinutesDescription
10/5/2011 Filed by the Clerk's office
10/6/2011 Referred to Planning, Zoning & Economic Development Committee
10/12/2011 Do Pass
10/13/2011 Assigned to Third Read Calendar
10/20/2011 Councilmember Ford Move To Hold On Docket
10/20/2011 Held on Docket (10/27/2011)
10/27/2011 Councilmember Ford Move To Hold On Docket
10/27/2011 Held on Docket (11/3/2011)
11/3/2011 Passed

View Attachments
FileTypeSizeDescription
110790.pdf Authenticated 31K AUTHENTICATED
http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=110790 Video Link 0K http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=110790
fact sheet.XLS Advertise Notice 94K fact sheet
Jazz District TIF Plan - Termination - Staff Report (00140732).DOCX Staff Report 21K Jazz District TIF Plan - Termination
Jazz District TIF - Termination - Request for Ordinance (00141286).DOCX Request for Ordinance 19K Jazz District TIF Plan - Termination

Printer Friendly Version

ORDINANCE NO. 110790

 

Terminating the Jazz District Tax Increment Financing Plan.

WHEREAS, pursuant to the Real Property Tax Increment Allocation Redevelopment Act, Sections 99.800 to 99.865 of the Revised Statutes of Missouri, as amended (the "Act"), the City Council of Kansas City, Missouri, by Ordinance No. 54556, passed on November 24, 1982, and thereafter repealed and amended in certain respects by Committee Substitute for Ordinance No. 911076, as amended, passed on August 29, 1991, and Ordinance No. 100089, passed on January 28, 2010, created the Tax Increment Financing Commission of Kansas City, Missouri (the "Commission"); and

 

WHEREAS, the Council on March 25, 1999, by Ordinance No. 990186 approved the Jazz District Tax Increment Financing Plan to assist in improvements contemplated and begun under the original Chapter 353 project, the 18th and Vine Redevelopment Plan, which included construction of approximately 204 residential units and approximately 70,000 square feet of commercial space; and

 

WHEREAS, the Commission has certified and reimbursed all eligible reimbursable costs and, at its September 14, 2011 meeting, passed Resolution No. 9-9-11 which recommends termination of the Jazz District TIF Plan; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Jazz District Tax Increment Financing Plan is hereby terminated and all surplus funds shall be distributed to the affected taxing jurisdictions in accordance with the Act.

 

Section 2. That following the distribution of the surplus funds, the special allocation fund for the Jazz District Tax Increment Financing Plan is dissolved and the designation of the Jazz District Redevelopment Project Area, as described in Ordinance No. 990187, is terminated.

 

_____________________________________________

 

Approved as to form and legality:

 

 

______________________________

Cecilia Abbott

Assistant City Attorney