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Legislation #: 140023 Introduction Date: 1/9/2014
Type: Ordinance Effective Date: none
Sponsor: COUNCILMEMBER GLOVER
Title: Authorizing the City Manager to enter into a funding agreement with the Planned Industrial Expansion Authority of Kansas City, Missouri for blight remediation in the Armour Gillham PIEA Planning Area in the amount of $2,500,000.00.

Legislation History
DateMinutesDescription
1/9/2014 Filed by the Clerk's office
1/9/2014 Referred to Planning, Zoning & Economic Development Committee
1/15/2014 Advance and Do Pass, Debate
1/16/2014 Passed

View Attachments
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140023.pdf Authenticated 82K Authenticated
fact sheet.pdf Fact Sheet 141K fact sheet

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ORDINANCE NO. 140023

 

Authorizing the City Manager to enter into a funding agreement with the Planned Industrial Expansion Authority of Kansas City, Missouri for blight remediation in the Armour Gillham PIEA Planning Area in the amount of $2,500,000.00.

 

WHEREAS, the Newbern Project is a multi-family housing development within the Armour Gillham PIEA Planning Area, as such area is proposed to be expanded by PIEA Resolution No. 1567; and

 

WHEREAS, completion of the Newbern Project will significantly contribute to blight remediation in the Armour Gillham PIEA Planning Area; and

WHEREAS, the City desires to identify appropriate additional funding mechanisms to support completion of the Newbern Project; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the City Manager is hereby authorized to execute a funding agreement with the Planned Industrial Expansion Authority of Kansas City, Missouri for blight remediation in the Armour Gillham PIEA Planning Area in the amount of $2,500,000.00 from funds to be appropriated from the Industrial Development Authority of the City of Kansas City, Missouri - Uptown Theater and Midtown Redevelopment Projects Midtown Business Interruption Fund.

Section 2. That the City Manager is authorized and directed to execute the funding agreement in substantially the form attached to this Ordinance with such changes and clarifications as are determined necessary by the City Manager.

 

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Approved as to form and legality:

 

 

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Brian T. Rabineau Assistant City Attorney