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Legislation #: 070370 Introduction Date: 3/29/2007
Type: Ordinance Effective Date: none
Sponsor: None
Title: Accepting the recommendation of the Tax Increment Financing Commission as to the Chatham Tax Increment Financing Plan; approving the Chatham Tax Increment Financing Plan; and designating a Redevelopment Area.

Legislation History
DateMinutesDescription
3/27/2007 Filed by the Clerk's office
3/29/2007 Referred to Planning, Zoning & Economic Development Committee
4/4/2007 Advance and Do Pass, Debate
4/5/2007 Passed

View Attachments
FileTypeSizeDescription
070370.pdf Authenticated 179K Authenticated
00079182.DOC Other 22K Request for Ordinance
00079191.DOC Legal Description 22K Legal Description
00079184.XLS Fact Sheet 41K Fact Sheet

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ORDINANCE NO. 070370

 

Accepting the recommendation of the Tax Increment Financing Commission as to the Chatham Tax Increment Financing Plan; approving the Chatham Tax Increment Financing Plan; and designating a Redevelopment Area.

 

WHEREAS, the City Council of Kansas City, Missouri by Ordinance No. 54556 passed on November 24, 1982 and thereafter amended in certain respects by Committee Substitute for Ordinance No. 911076, as amended, passed on August 29, 1991, created the Tax Increment Financing Commission of Kansas City, Missouri (the "Commission"); and

 

WHEREAS, the Chatham Tax Increment Financing Plan (the Redevelopment Plan) was proposed to the Commission; and

 

WHEREAS, the Redevelopment Plan is a comprehensive program intended to reduce or eliminate blight and enhance the tax base within the redevelopment area (the Redevelopment Area) through the implementation of a number of separate Redevelopment Projects and the adoption of tax increment financing for each of the areas selected for such Redevelopment Projects; and

 

WHEREAS, the Commission has been duly constituted and its members appointed; and, after all proper notice was given, the Commission met in public hearing and after receiving the comments of all interested persons and taxing districts with respect to the Redevelopment Plan, closed said public hearing on March 14, 2007, adopted its Resolution No. 3-02-07 (the Resolution) recommending to the City Council the approval of the Redevelopment Plan; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. The recommendation of the Commission concerning the Redevelopment Plan as set forth in the Resolution attached hereto as Exhibit "A", is hereby accepted and the Redevelopment Plan, a copy of which is attached hereto as Exhibit "B", is hereby approved and adopted.

 

Section 2. All terms used in this ordinance shall be construed as defined in Sections 99.800 to 99.865 of the Revised Statutes of Missouri, as amended (the "Act").

 

Section 3. The following described area is hereby designated a Redevelopment Area:

 

CHATHAM: 3701 Broadway Boulevard-Lots 23 & 24, Block 24, Hyde Park: Beginning at the intersection of the south lot line of Lot 23, Block 24, Hyde Park, and the east right-of-way line of Broadway Boulevard, as it now exists; thence north along the east right-of-way line of Broadway Boulevard to the south right-of-way line of 37th Street, as it now exists; thence east along the south right-of-way line of 37th Street to the east lot line of Lot 24, Block 24, Hyde Park, to the south lot line of Lot 23, Block 24, Hyde Park; thence west along the south lot line of the Lot 23, Block 24, Hyde Park, to the point of the beginning, now all included in and a part of the City of Kansas City, Jackson County, Missouri.

 

NORTH LOT (VACANT): 305 W. 37th Street-Lot 1, Block 24, Hyde Park: Beginning at the intersection of the west lot line of Lot 1, Block 24, Hyde Park, and the south right-of-way line of 37th Street, as it now exists; thence east along the south right-of-way line of 37th Street to the west right-of-way line of Central Street, as it now exists; thence south along the west right-of-way line of Central Street to the south lot line of Lot 1, Block 24, Hyde Park; thence west along the south lot line of Lot 1, Block 24, Hyde Park, to the west lot line of Lot 1, Block 24, Hyde Park; thence north along the west line of Lot 1, Block 24, Hyde Park, to the point of beginning, now all included in and a part of the City of Kansas City, Jackson County, Missouri.

 

House: 3704 Central Street- Lot 2, Block 24, Hyde Park.

 

Section 4. In accordance with the recommendations of the Commission as set forth in the Resolution, the City Council hereby finds that:

 

(a) The Redevelopment Area as a whole is a blighted area, evidenced by defective or inadequate street layout, unsanitary or unsafe conditions including deterioration and dilapidation of site improvements, excessive vacancies, presence of structures below minimum code standards, lack of ventilation, light or sanitary facilities.

 

(b) The Redevelopment Area has not been subject to growth and development through investment by private enterprise and would not reasonably be anticipated to be developed without the adoption of the Redevelopment Plan;

 

(c) The Redevelopment Plan conforms to FOCUS, Westport Land Use Plan, and Main Street Corridor Land Use and Development Plan, together, the comprehensive plan for the development of the City as a whole;

 

(d) The areas selected for Redevelopment Projects include only those parcels of real property and improvements thereon which will be directly and substantially benefited by the Redevelopment Project improvements;

 

(e) The estimated dates of completion of the respective Redevelopment Projects and retirement of obligations incurred to finance Redevelopment Project Costs, have been stated in the Redevelopment Plan, and are not more than 23 years from the adoption of any ordinance approving a Redevelopment Project within the Redevelopment Area;

 

(f) A plan has been developed for relocation assistance for businesses and residences;

 

(g) A cost-benefit analysis showing the impact of the Redevelopment Plan on each taxing district at least partially within the boundaries of the Redevelopment Area has been prepared in accordance with the Act; and

 

(h) The Redevelopment Plan does not include the initial development or redevelopment of any gambling establishment.

 

Section 5. The City and/or the Commission is authorized to issue obligations in one or more series of bonds secured by the Chatham Tax Increment Financing Plan Account of the Special Allocation Fund to finance Redevelopment Project Costs within the Redevelopment Area and subject to any constitutional limitations, to acquire by purchase, donation, lease or eminent domain, own, convey, lease, mortgage, or dispose of, land or other property, real or personal, or rights or interests therein, and grant or acquire licenses, easements and options with respect thereto, all in the manner and at such price the City and/or the Commission determines, to enter into such contracts and take all such further actions as are reasonably necessary to achieve the objectives of the Redevelopment Plan pursuant to the power delegated to it in Ordinance No. 54556. Any obligations issued to finance Redevelopment Project Costs shall contain a recital that they are issued pursuant to Sections 99.800 to 99.865, which recital shall be conclusive evidence of their validity and of the regularity of their issuance.

 

Section 6. Pursuant to the provisions of the Redevelopment Plan, the City Council approves the pledge of all funds generated from Redevelopment Projects that are deposited into the Chatham Tax Increment Financing Plan Account of the Special Allocation Fund to the payment of Redevelopment Project Costs within the Redevelopment Area and authorizes the Commission to pledge such funds on its behalf.

 

_____________________________________________

 

Approved as to form and legality:

 

 

______________________________

Heather A. Brown

Assistant City Attorney