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Legislation #: 961516 Introduction Date: 11/21/1996
Type: Ordinance Effective Date: 12/29/1996
Sponsor: COUNCILMEMBER BACCHUS
Title: Approving real property tax abatement for improvements on property located at 423 W. 8th Street within the Enterprise Zone and directing the City Clerk to provide a copy of this ordinance to the State Director of Economic Development.

Legislation History
DateMinutesDescription
11/21/1996

Prepare to Introduce

11/21/1996

Referred Planning, Zoning & Economic Development Committee

12/18/1996

Advance and Do Pass

12/19/1996

Passed


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ORDINANCE NO. 961516

 

Approving real property tax abatement for improvements on property located at 423 W. 8th Street within the Enterprise Zone and directing the City Clerk to provide a copy of this ordinance to the State Director of Economic Development.

 

WHEREAS, Section 135.215, RSMo, authorizes tax abatement within an Enterprise Zone for certain specified industrial-related uses and for other uses if approved by the governing body and if at least fifty new employees on average of at least 35 hours a week are created; and

 

WHEREAS, Broadway Square Partners has requested tax abatement for the improvements to real property at 423 W. 8th Street for use as an office building; and

 

WHEREAS, the application of Broadway Square Partners complies with the requirements of Section 135.215, RSMo, and Committee Substitute for Ordinance No. 920336, Section 5; and

 

WHEREAS, pursuant to the provisions of Section 135.215(2), RSMo, all public notices have been given and public hearing held on the issue of tax abatement; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. Pursuant to Section 135.215, RSMo, the City Council hereby approves the application for tax abatement by Broadway Square Partners for property located in the Enterprise Zone at 423 W. 8th Street, legally described as:

 

Lucas Place, south 38 feet of Lot 7 and all of Lots 8, 9, 10, 11 and 12, Block 2, a subdivision in Kansas City, Jackson County, Missouri.

 

Section 2. The tax abatement granted herein shall be 50% of the value of the improvements for a period of 10 years and shall apply to the following:

 

Jackson County - Handicap WSP Metropolitan Junior College Kansas City, Missouri Public Library Kansas City, Missouri School District Jackson County Kansas City

 

subject to continued compliance with Section 135.215, RSMo, and Committee Substitute for Ordinance No. 920336, Section 5b.

 

Section 3. That the City Clerk is hereby directed to deliver a copy of this ordinance to the State Director of Economic Development within thirty calendar days following passage of this ordinance.

 

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Approved as to form and legality:

 

 

 

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City Attorney