ORDINANCE NO. 230438

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Sponsor: Director of Housing and Community Development Department

Accepting the recommendation of the Central City Economic Development Tax Board for additional funding for a National Association of Construction Contractors economic development rehabilitation project of 100 homes generally located in and around the Town Fork Creek neighborhood; estimating and appropriating $85,000.00 from the Central City Economic Development Sales Tax Fund; and authorizing the Director of Housing and Community Services to execute the amendment.

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WHEREAS, Section 67.1305 of the Revised Statutes of Missouri authorizes the City to impose a retail sales tax not to exceed one-half of one percent if the imposition of such a retail sales tax is submitted to, and then approved by, a majority of the votes cast; and

WHEREAS, on April 4, 2017, pursuant to authority granted by Section 67.1305, RSMo, a majority of Kansas City, Missouri voters approved a new 1/8 of one percent retail sales tax for funding economic development projects within the area bounded by 9th Street on the north, Gregory Boulevard on the south, Paseo Boulevard on the west and Indiana Avenue on the east; and

WHEREAS, as part of the first round of funding, National Association of Construction Contractors Cooperation ("Developer") submitted a proposal seeking $215,000.00 of Central City Economic Development ("CCED") sales tax funds for the purpose of incentivizing the rehabilitation of 100 homes (the "Project") generally located in and around the Town Fork Creek neighborhood (the "Project Site"), all in Kansas City, Jackson County, Missouri; and

WHEREAS, the Council authorized a funding agreement with National Association of Construction Contractors Cooperation for the above Project in the amount of $215,000.00 with its passage of Ordinance No. 190009 on January 24, 2019; and

WHEREAS, Developer subsequently identified a need for additio...

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