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[COMMITTEE SUBSTITUTE FOR] ORDINANCE NO. 230506
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Sponsor: Councilmember Andrea Bough
Approving the amended petition of the 4840 Community Improvement District; amending the 4840 Community Improvement District generally located at 48th Street on the north between Roanoke Parkway on the east and Belleview Avenue on the west in Kansas City, Jackson County, Missouri; requiring the annual submission of certain records; and directing the City Clerk to report the amendment of the District to the Missouri Department of Economic Development and the Missouri State Auditor.
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WHEREAS, the 4840 Community Improvement District (the "District") was approved and established on March 28, 2013, by Ordinance No. 130205; and
WHEREAS, Resolution No. 230406, passed on May 18, 2023, authorized the City Manager to sign an amended petition for the District on behalf of the City, the only property owner within the District; and
WHEREAS, the executed amended petition for the District has been filed with the City Clerk; NOW THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That the amended petition of the 4840 Community Improvement District (the "Petition"), which is attached hereto as Exhibit 1, is hereby approved in its entirety in accordance with Sections 67.1401 through 67.1571, RSMo., otherwise known as the Missouri Community Improvement District Act (the "Act").
Section 2. That the District is hereby amended for the purposes set forth in the Petition, which the District shall have all the powers and authority authorized by the Petition, the Act, and by law, and shall continue to exist until March 28, 2040, unless extended pursuant to Section 67.1481.6, RSMo.
Section 3. That the District shall annually submit its proposed budget, annual report and copies of written resolutions passed by the District's board to the City pursuant to Section 67.1471, RSMo.
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