COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 030212

Approving the 353" Development Plan submitted by the 909 Walnut Redevelopment Corporation on an approximately 1 acre tract of land generally located on the east side of Walnut Street between 9th Street and 10th Street; declaring the area included in such plan to be a blighted area and its redevelopment necessary for the preservation of the public peace, prosperity, health, safety, morals and welfare; authorizing the Director of Finance to enter into a contract with the 909 Walnut Redevelopment Corporation; authorizing certain tax abatement within the plan area; and granting 909 Walnut Redevelopment Corporation all of the rights, powers and immunities provided by law for use by an urban redevelopment corporation, including, but not limited to, the power of eminent domain.

WHEREAS, the 909 Walnut Redevelopment Corporation, an urban redevelopment corporation organized under and pursuant to the Urban Redevelopment Corporations Law and amendments thereto, did on November 1, 2002, file with the City Clerk an application for the approval of a development plan which contemplated the redevelopment of an approximately 1 acre tract of land generally located on the east side of Walnut Street between 9th Street and 10th Street which application and development plan was revised as of January 8, 2003, second revised as of February 20, 2003, and third revised as of March 12, 2003 (the 353 Development Plan for the 909 Walnut Redevelopment Corporation); and

WHEREAS, the City Clerk did refer said application for a development plan to the City Plan Commission; and

WHEREAS, the City Plan Commission did cause to be published in The Pulse, a newspaper doing the City's printing, on January 6, 2003, that date being not less than ten (10) days prior to the date set for the hearing, notice of the public hearing on said development plan; and

WHEREAS, said City Plan Commission did hold a public hearing on said development plan on January 21, 2003; and

WHEREAS, at the public hearing conducted by the City Plan Commission, all interested persons were given an opportunity to be heard at said public hearing; and

WHEREAS, the City Plan Commission has made a study and investigation of the proposed development plan and did, on January 21, 2003, recommend approval of the finding of blight, approval of the development plan and approval of the necessity of tax abatement, and did submit a report of the same, a copy of which is attached hereto and incorporated herein by reference as Exhibit "A"; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the 353" Development Plan for the 909 Walnut Redevelopment Corporation, a copy of which is on file in the office of the City Clerk under Document No. 030212,

which is attached hereto and incorporated herein by reference, is hereby approved.

Section 2. That the Council finds and declares that the area being described in the aforesaid development plan submitted by the 909 Walnut Redevelopment Corporation is a blighted area as defined by Section 353.020(2), Revised Statutes of Missouri, and Section 74-4, Code of Ordinances of the City of Kansas City, Missouri, and the redevelopment thereof is necessary for the public convenience and necessity; and that approval of the development plan and construction of the redevelopment project are necessary for the preservation of the public peace, prosperity, health, safety, morals and welfare.

Section 3. That the Director of Finance be, and he is hereby, authorized and directed on behalf of the City to enter into a contract with the 909 Walnut Redevelopment Corporation, a copy of which, in substantial form, is attached hereto and made a part hereof as Exhibit "B".

Section 4. That the 909 Walnut Redevelopment Corporation is hereby granted tax abatements on land and improvements as provided in Exhibit "B".

Section 5. That 909 Walnut Redevelopment Corporation is granted all of the rights, powers and immunities provided by law for use by an urban redevelopment corporation pursuant to law, including, but not limited to, the power of eminent domain.

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I hereby certify that all public notices and hearings required by Chapter 74, Code of Ordinances of the City of Kansas City, Missouri, have been given and had.

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Secretary, City Plan Commission

Approved as to form and legality:

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Assistant City Attorney