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Legislation #: 001437 Introduction Date: 10/19/2000
Type: Ordinance Effective Date: 11/5/2000
Sponsor: COUNCILMEMBER COOPER
Title: Authorizing the Director of City Development to execute a cooperative agreement with the Planned Industrial Expansion Authority of the Kansas City for the development of a public parking facility with connections to Kemper Arena.

Legislation History
DateMinutesDescription
10/19/2000

Referred Planning, Zoning & Economic Development Committee

10/25/2000

Advance and Do Pass

10/26/2000

Passed


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ORDINANCE NO. 001437

 

Authorizing the Director of City Development to execute a cooperative agreement with the Planned Industrial Expansion Authority of the Kansas City for the development of a public parking facility with connections to Kemper Arena.

 

WHEREAS, the Council adopted Resolution No. 001288 which directed the City Manager to develop a financing plan in the approximate amount of $20,000,000.00 for the purpose of constructing a public parking facility with connections to Kemper Arena (the Garage Project) in conjunction with the development plans of Butler Manufacturing Company national headquarters and National Farms; and

 

WHEREAS, the Planned Industrial Expansion Authority of Kansas City, Missouri (the Authority) has adopted resolutions approving the a financing plan for the Butler Manufacturing Company national headquarters in the Central Industrial District (the Office Project); and

 

WHEREAS, there are many compelling reasons that the Office Project and the Garage Project should be financed, designed and constructed at the same time and by the same entity; and

 

WHEREAS, the Authority has been informed that it may be requested to finance and construct the Garage Project and has informally indicated a willingness to undertake this Project; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Council hereby authorizes the Director of City Development to execute a cooperative agreement with the Planned Industrial Expansion Authority of Kansas City, which provides for the development of a financing plan for the Garage Project and the design, acquisition, construction and equipping of the Garage Project by the Authority simultaneously with the Office Project. The Director of City Development will present the specific financial and legal terms regarding the Garage Project to the Council for its review and approval.

 

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Approved as to form and legality:

 

 

 

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Assistant City Attorney