ORDINANCE NO. 240950

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Sponsor: Director of City Planning and Development Department

Approving a plan for the transfer of assets from the expired Red Bridge Community Improvement District to the separate Red Bridge Shopping Center Community Improvement District.

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WHEREAS, by Ordinance No. 080979, adopted on November 6, 2008, and pursuant to the Community Improvement District Act, Sections 67.1401 through Section 67.1571, RSMo., as amended ("Act"), the City Council approved the formation of the Red Bridge Community Improvement District ("Expired District") generally located on either side of Red Bridge Road between Oak Street on the west and Holmes Road on the east in Kansas City, Jackson County, Missouri, for a ten (10)-year term; and

WHEREAS, the Expired District, and its authority to impose a sales tax and special assessment, as approved pursuant to the Act, automatically expired in 2018; and

WHEREAS, the Expired District has not been active and has not collected any sales tax or special assessment revenues since 2018, except that there remains approximately $25,000.00 of Expired District revenues ("Funds") in a bank account; and

WHEREAS, by Committee Substitute for Ordinance No. 150780, adopted on September 17, 2015, pursuant to the Act, the City Council approved the formation of the separate Red Bridge Shopping Center Community Improvement District ("Red Bridge Shopping Center CID") generally located at the southwest corner of the intersection of Holmes Road and Red Bridge Road in Kansas City, Jackson County, Missouri, for a thirty (30-year) term, subject to extensions; and

WHEREAS, the City Council approved an amendment to the boundaries of the Red Bridge Shopping Center CID pursuant to the Act by Ordinance No. 190888 adopted on October 31, 2019; and

WHEREAS, the City Council approved formation of the Red Bridge Shopping Center CID to facilitate the redevelopment of the ...

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