File #: 240899    Version: Name:
Type: Ordinance Status: Passed
File created: 10/2/2024 In control: Council
On agenda: 11/7/2024 Final action: 11/7/2024
Title: Sponsor: City Manager's Office COMMITTEE SUBSTITUTE Accepting and approving the recommendation of the Tax Increment Financing Commission of Kansas City, Missouri, as to the termination of the designation of Redevelopment Project Areas III.B and VI of the Barry Towne Tax Increment Financing Plan; declaring as surplus those funds within the special allocation fund established in connection with the Redevelopment Project Area and III.B and VI; authorizing the distribution of such surplus funds; and directing the City Clerk to send copies of this ordinance to Clay and Platte Counties.
Sponsors: City Manager's Office
Attachments: 1. Barry Towne TIF Project 3b Termination - Docket Memo, 2. Barry Towne - Terminate RPAs 3b and 6 - Ordinance 240899, 3. 240899 CS TO ORG ORD - COM (002), 4. Authenticated Ordinance 240899 CS
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[COMMITTEE SUBSTITUTE FOR]ORDINANCE NO. 240899

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Sponsor: City Manager's Office
COMMITTEE SUBSTITUTE

Accepting and approving the recommendation of the Tax Increment Financing Commission of Kansas City, Missouri, as to the termination of the designation of Redevelopment Project Areas III.B and VI of the Barry Towne Tax Increment Financing Plan; declaring as surplus those funds within the special allocation fund established in connection with the Redevelopment Project Area and III.B and VI; authorizing the distribution of such surplus funds; and directing the City Clerk to send copies of this ordinance to Clay and Platte Counties.

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WHEREAS, pursuant to the Real Property Tax Increment Allocation Redevelopment Act, Sections 99.800 to 99.865 of the Revised Statutes of Missouri, as amended (the "Act"), the City Council of Kansas City, Missouri (the "City Council") by Ordinance No. 54556 passed on November 24, 1982, and thereafter amended in certain respects by Committee Substitute for Ordinance No. 911076, as amended, passed on August 29, 1991, Ordinance No. 100089, as amended, passed on January 28, 2010, and Ordinance No. 130986, passed on December 19, 2013, Committee Substitute for Ordinance No. 140823, as amended on, June 18, 2015 and Committee Substitute for Ordinance No. 230524, passed on June 22, 2023, created two separate commissions constituted pursuant to Section 99.820.2 (the "Kansas City TIF Commission") and Section 99.820.3 of the Act (the "Clay County KC TIF Commission");and

WHEREAS, on June 6, 1996, the City Council passed Ordinance No. 960307, which accepted the recommendations of the Commission and approved the Barry Towne Tax Increment Financing Plan (the "Redevelopment Plan") and designated the Redevelopment Area described therein to be an Economic Development Area (the "Redevelopment Area"); and

WHEREAS, the Redevelopment Plan has been amended four times by Ordinance No. 011203 on Septembe...

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