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Legislation #: 990702 Introduction Date: 5/20/1999
Type: Ordinance Effective Date: 6/13/1999
Sponsor: None
Title: Accepting the recommendations of the Tax Increment Financing Commission as to the 19th Terrace _ Central Tax Increment Financing Plan; approving the 19th Terrace _ Central Tax Increment Financing Plan; and designating a Redevelopment Area.

Legislation History
DateMinutesDescription
5/20/1999

Prepare to Introduce

5/20/1999

Referred Planning, Zoning & Economic Development Committee

5/26/1999

Do Pass as a Committee Substitute

5/27/1999

Assigned to Third Read Calendar

6/3/1999

Passed as Substituted


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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 990702

 

Accepting the recommendations of the Tax Increment Financing Commission as to the 19th Terrace & Central Tax Increment Financing Plan; approving the 19th Terrace & Central Tax Increment Financing Plan; and designating a Redevelopment Area.

 

WHEREAS, pursuant to the Real Property Tax Increment Allocation Redevelopment Act, Sections 99.800 to 99.865 of the Revised Statutes of Missouri, 1986, 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"Act"), the City Council of Kansas City, Missouri, by Ordinance No. 54556, passed on November 24, 1982, and thereafter repealed and amended in certain respects by Committee Substitute to Ordinance No. 911076, as amended, passed on August 29, 1991, created the Tax Increment Financing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 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, closed said public hearing on April 14, 1999 and on April 14, 1999 approved Resolution No. 4-16-99 (the "Resolution") recommending to the City Council the approval of the 19th & Central Tax Increment Financing Plan (the "Redevelopment Plan"); and

 

WHEREAS, the Redevelopment Plan is a comprehensive program intended to satisfy, reduce and/or eliminate those conditions, the existence of which qualified the Redevelopment Area as a Conservation area, and to enhance the tax base within the Redevelopment Area through the implementation of twenty (20) separate Redevelopment Projects and the adoption of tax increment financing in each of the areas selected for such Redevelopment Projects; and

 

WHEREAS, on May 18, 1999, notice was given pursuant to section 99.825.1 of a change to the Redevelopment Plan which change did not enlarge the exterior boundaries of the Redevelopment Area, did not substantially affect the general land uses established in the Redevelopment Plan or substantially change the nature of the Redevelopment Projects by revising the classification of Properties B and C from the category of Properties to be Acquired by Developer to Properties Currently Not Intended to be Acquired; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. The recommendations of the Commission concerning the Redevelopment Plan as set forth in the Resolution attached hereto as Exhibit "A" are hereby accepted and the Redevelopment Plan, a copy of which is attached hereto as Exhibit "B," is hereby approved and adopted as valid and the Redevelopment Projects contained therein are hereby authorized.

 

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.

 

Section 3. The following-described area is hereby designated a Redevelopment Area under the Act (hereinafter referred to as the "Redevelopment Area"):

 

Beginning at a point that is the intersection of the centerlines of Broadway and Southwest Boulevard; thence Northeasterly along the centerline of Southwest Boulevard to the centerline of Central; thence North along the centerline of Central to the intersection of the Westerly prolongation of the southern line of Lot 4, Block 14, Goodrich Addition; thence East along the Southerly line of Lot 4, Block 14, to the centerline of the alley adjacent to Lot 4, Block 14; thence Northerly to the centerline of 19th Street; thence Westerly to the


centerline of Central; thence Northerly to the intersection of the Easterly prolongation of the north boundary line of the South 21.45 feet of Lot 20, Block 8, Goodrich Addition; thence Westerly along the said line to the Easterly line of an alley; thence Northerly along the Easterly line of the alley adjoining Lots 16 through 20, Block 8, Goodrich Addition, to a point in the centerline of 18th Street; thence Westerly along the centerline of 18th Street to a point of intersection with the Southerly prolongation of the centerline of a North-South alley; thence running north along said centerline adjacent to Lot 27, Block 4, Goodrich Addition, to the centerline of the East/West alley running adjacent to Lots 27 through 30, Block 4; thence Westerly along the said centerline of the East/West alley running adjacent to Lots 27 through 30, Block 4 to a point in the centerline of the North/South alley running adjacent to Lots 1 through 11, Block 4; thence Northerly to a point that is the Eastern prolongation of the northern boundary of Lot 4, Block 4; thence Westerly along the Northerly lot line of said Lot 4 to the centerline of Broadway; thence South along the centerline of Broadway to the point of beginning, all in Kansas City, Jackson County, Missouri.

 

 

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 Conservation area and the following factors are hereby found to exist within the Redevelopment Area, to-wit:

 

1. Fifty percent or more of the structures in the Redevelopment Area have an age of 35 years or more.

 

2. Buildings in the Redevelopment Area suffer from dilapidation, deterioration, obsolescence, abandonment, excessive vacancies, depreciation, of physical maintenance and other detrimental conditions.

 

3. There are buildings in the Redevelopment Area which are below minimum code standards.

 

4. There is inadequate street lighting in the Redevelopment Area.

 

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, and such fact is acknowledged by the Redeveloper in an affidavit included as Exhibit 15 to the Redevelopment Plan.

 

C. The Redevelopment Plan conforms to the comprehensive plan for the redevelopment 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 benefitted by the Redevelopment Project improvements.

 

E. The estimated dates of completion of the 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. The Redevelopment Plan includes a plan for relocation assistance for businesses and residences.

 

G. A cost benefit analysis showing the impact of the Redevelopment Plan on each taxing district which is at least partially within the boundaries of the Redevelopment Area has been prepared in accordance with the Act.

 

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

 

Section 5. The Commission is authorized to issue obligations in one or more series of bonds secured by the 19th Terrace & Central 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 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 that are deposited into the 19th Terrace & Central 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.

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Approved as to form and legality:

 

 

 

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Assistant City Attorney