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File #: 210851    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 9/16/2021 In control: Neighborhood Planning and Development Committee
On agenda: 9/16/2021 Final action: 9/23/2021
Title: Authorizing the City Manager to execute a development agreement with Vine Street Collaborative LLC for property located generally at 1701 East 18th Street (the "Boone Theater Property").
Sponsors: Melissa Robinson, Lee Barnes Jr., Brandon Ellington
Attachments: 1. 210851 Boone Theater Fact Sheet, 2. Ordinance 210851 _ DA Staff Report, 3. Boone Theater DA Substantial Form 092221, 4. BOONE THEATER PRESENTATION TO KCMO CITY COUNCIL_VINE STREET COLLABORATIVE_ 09202021, 5. Authenticated Ordiannce 210851
ORDINANCE NO. 210851

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Authorizing the City Manager to execute a development agreement with Vine Street Collaborative LLC for property located generally at 1701 East 18th Street (the "Boone Theater Property").

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WHEREAS, the City issued a Request for Proposals on June 30, 2020 soliciting proposals for the development of the Boone Theater at 1701 East 18th Street in Kansas City to rehabilitate the structure to reinforce redevelopment of the 18th and Vine Historic District; and

WHEREAS, on September 15, 2020, the 18th & Vine Development Policy Committee ("Committee") voted to recommend the project proposed by Vine Street Collaborative LLC ("Project"); and

WHEREAS, the City Council adopted Resolution No. 200839 on October 1, 2020, accepting the recommendation of the Committee and authorizing the City Manager to negotiate a development agreement and real estate sales or lease contract for the Project; and

WHEREAS, the City, and Vine Street Collaborative LLC have now negotiated a development agreement for the sale of the Property to Vine Street Collaborative LLC and development of the Property; and

WHEREAS, the City Council desires to lower the barriers of entry and increase accessibility to public incentives for certain catalytic projects located in historically disinvested areas of the City such as 18th and Vine; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY

Section 1. That the City Manager or designee is hereby authorized to execute a development agreement with the Vine Street Collaborative LLC for sale and development of the Property and to execute such amendments from time to time as he may deem advisable and are consistent with the objectives of this ordinance. A copy of the agreement in substantial form is attached hereto.

Section 2. That any incentive application for the Project applied for through the Economic Development Corporation of Kansas C...

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