File #: 240275    Version: Name:
Type: Ordinance Status: Passed
File created: 3/6/2024 In control: Council
On agenda: 4/11/2024 Final action: 4/11/2024
Title: Sponsor: Councilmember Melissa Robinson COMMITTEE SUBSTITUTE Appropriating from the Unappropriated Fund Balance of the Development Services Fund to support the District Row Project; and directing the City Manager to engage the Economic Development Corporation of Kansas City and the EDC Loan Corporation to develop a plan for funding the District Row Project that shall identify funding gaps and propose potential financing solutions and report back to Council in 90 days; and recognizing this ordinance as having an accelerated effective date.
Sponsors: Melissa Robinson
Attachments: 1. 240275 Docket Memo, 2. District Row - Phase 1, Phase II and Phase III, 3. DISTRICT ROW DEVELOPMENT PRESENTATION 3.19.2024, 4. Proposed Building Stabilization - Cost Estimate (2), 5. Public Testimony Supporting 240275 J. Primos, 6. Public Testimony Supporting 240275 N. Howard, 7. Public Testimony Supporting 240275 R. Elliot, 8. Public Testimony Supporting 240275 T. Primos, 9. Public Testimony Supporting 240275 Z. Primos, 10. Public Testimony Supporting 240275 T. Byrd, 11. In person Public testimony, 12. 240275 Comm. Sub._DRAFT, 13. Authenticated Ordinance 240275 CS
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[COMMITTEE SUBSTITUTE FOR] ORDINANCE NO. 240275

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Sponsor: Councilmember Melissa Robinson
COMMITTEE SUBSTITUTE

Appropriating from the Unappropriated Fund Balance of the Development Services Fund to support the District Row Project; and directing the City Manager to engage the Economic Development Corporation of Kansas City and the EDC Loan Corporation to develop a plan for funding the District Row Project that shall identify funding gaps and propose potential financing solutions and report back to Council in 90 days; and recognizing this ordinance as having an accelerated effective date.

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WHEREAS, the central city that comprises most of the City's historically economically- disadvantaged neighborhoods has seen a disproportionate share of population loss; and

WHEREAS, the availability of housing stock is a driving factor in maintaining residential stability; and

WHEREAS, although the availability of affordable housing is critical, the availability of all types of housing, including luxury housing, increases housing stock and adds to the sustainability of a vibrant neighborhood; and

WHEREAS, the District Row project consists of 10 acres of land between 22nd and 20th Streets (Paseo to Tracy); and

WHEREAS, the City Council passed Ordinance No. 210698 to estimate and appropriate bond proceeds for this project and to declare its intent to support future phases of the District Row Project; and

WHEREAS, the Council now intends to use funds from the Development Services Fund for this project; and

WHEREAS, the developer is seeking $750,000.00 from the City for the project that will preserve 37,000 square feet of the Western Bible College in Phase One; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY THAT:

Section 1. That the sum of $750,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Development Services Fun...

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