ORDINANCE NO. 260183

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Sponsor: City Manager's Office

Authorizing the City Manager to submit a Better Utilizing Investments to Leverage Development (BUILD) grant application to the United States Department of Transportation for an amount up to $25,000,000.00 to fund the Roy Blunt Luminary Park project ("Project") in Kansas City, Missouri; and authorizing the City Manager to execute any related agreements in the event that the application is approved.

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WHEREAS, the City of Kansas City ("City"), the Port Authority of Kansas City ("Port KC"), the Downtown Council of Kansas City ("Downtown Council"), and the Downtown Kansas City Community Improvement District ("Downtown KC CID") (collectively, the "Partnership") entered into that certain Memorandum of Understanding dated September 22, 2022, to form a public private partnership for the Project; and

WHEREAS, the Project will generate substantial additional revenues for the City and the State of Missouri, remediate the blighting effect of the trench design of I-670, promote the advancement of tourism, and enable regional job access and produce new jobs for Kansas City and western Missouri; and

WHEREAS, the Project will increase economic activity throughout the Central Business District, Crossroads Arts District, Power & Light District, and other downtown areas, and increase revenues generated by the Kansas City Convention Center, downtown hotels and restaurants, and other tourist opportunities; and

WHEREAS, the Better Utilizing Investments to Leverage Development (BUILD) grant provides an opportunity to secure federal funding for projects with significant local or regional impact; and

WHEREAS, the Council desires to authorize the City Manager to execute any grant agreements in connection with this application, in the event that the City's application is approved; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY THAT:
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