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File #: 210933    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 10/12/2021 In control: Council
On agenda: 10/21/2021 Final action: 10/21/2021
Title: Approving and designating Redevelopment Project Area 6 of the Metro North Crossing Tax Increment Financing Plan and authorizing tax increment financing therefor; and directing the City Clerk to transmit copies of this ordinance.
Attachments: 1. Fact sheet Project6, 2. FiscalNote_210933, 3. Authenticated Ordinance 210933
ORDINANCE NO. 210933

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Approving and designating Redevelopment Project Area 6 of the Metro North Crossing Tax Increment Financing Plan and authorizing tax increment financing therefor; and directing the City Clerk to transmit copies of this ordinance.

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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Council of Kansas City, Missouri (the "Council") by Ordinance No. 54556 passed on November 24, 1982, and thereafter repealed and amended in certain respects by Committee Substitute for Ordinance No. 911076, as amended, passed on August 29, 1991, Ordinance No. 100089, passed on January 28, 2010, Ordinance No. 130986, passed on December 19, 2013, and Committee Substitute for Ordinance No. 140823, as amended, passed on June 18, 2015 (the "Authorizing Ordinances") created the Tax Increment Financing Commission of Kansas City, Missouri (the "Commission"); and

WHEREAS, on December 10, 2015, the Council passed Ordinance No. 151011, which accepted the recommendations of the Commission as to the Metro North Crossing Tax Increment Financing Plan (the "Redevelopment Plan" or "Plan"), approved the Redevelopment Plan as a comprehensive effort intended to reduce or eliminate blight and enhance the tax base within the Redevelopment Area described by the Plan ("Redevelopment Area") through the implementation of certain improvements (the "Project Improvements") within redevelopment projects described by the Plan ("Redevelopment Projects"); and

WHEREAS, the Plan has been amended three times; and

WHEREAS, the Third Amendment to the Plan provides for (a) modifications to the description of Redevelopment Project Area 5, as described by the Plan, (b) the inclusion of Redevelopment Projects 6 and 7 and Redevelopment Project Areas 6 and 7, (c) modifications to the general description of the Project Improvement...

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