ORDINANCE NO. 230319

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Sponsor: City Manager

Authorizing the City Manager to enter into a Funding Agreement with the Planned Industrial Expansion Authority of Kansas City, Missouri for the demolition of the Weld Wheel building.

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WHEREAS, Council previously approved Ordinance No. 48681, declaring the area generally encompassed by the Missouri River to 25th Street, State Line to the Bluffs (the "Plan Area") blighted; and

WHEREAS, on April 7, 1978, Council approved Ordinance No. 48892, approving the Planned Industrial Expansion Authority ("PIEA") Central Industrial Development Project Plan for the Plan Area; and

WHEREAS, On June 30, 2022, Council passed Ordinance No. 220555 rezoning an area of approximately 21.85 acres generally located in the Plan Area to a District UR; and

WHEREAS, On November 10, 2022, the Council passed Committee Substitute for Ordinance No. 220977 appropriating $2,600,000.00 from the Unappropriated Fund Balance of the General Fund for building demolition; and

WHEREAS, On December 15, 2022, the Council, by passage of Ordinance No. 221064, approved the Predevelopment Agreement with West Bottoms - Propco Master, LLC, which was executed by the parties on January 12, 2023; and

WHEREAS, the Predevelopment Agreement provided that the City would assist in blight remediation and demolition of the Weld Wheel Building, located at Block B, Lot 1 and Lot 2 in the Plan Area; and

WHEREAS, the City wishes to enter into an Agreement with the PIEA to provide the funding for the demolition of the Weld Wheel Building and execute a funding agreement therefor; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the City Manager is authorized to execute the Funding Agreement with the PIEA for the demolition of the Weld Wheel Building. A copy of the Funding Agreement in substantial form is attached hereto and on file in the ...

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