ORDINANCE NO. 200713


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Approving and designating Project 2 of the 40 Highway & Noland Road Tax Increment Financing Plan as a Redevelopment Project; and adopting tax increment financing therefor.

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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 created the Tax Increment Financing Commission of Kansas C ity, Missouri (the "Commission"); and

WHEREAS, the City Council approved the 40 Highway & Noland Road Tax Increment Financing Plan (the "Redevelopment Plan") and designated the Redevelopment Area as a blighted area; NOW,

THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That all terms used in this ordinance shall be construed as defined in Sections 99.800 to 99.865 of the Revised Statutes of Missouri, as amended.

Section 2. That the area selected for Project 2, legally described as follows:

A Parcel of land being a part of Tract I, Plaza 40 Shopping Center - Phase 1, and Tract V, Plaza 40 Shopping Center - Phase 2, subdivisions of land in the Southwest Quarter of Section 26, Township 49 North, Range 32 West of the Fifth Principal Meridian, in Jackson County, Missouri, said Parcel, being a part of the City of Kansas City, more particularly described as follows:

(For course orientation the bearings in this description are based on the East line of said Tract I having a bearing of South 02 degrees 07 minutes 36 seconds West, as determined by Global Positioning Systems observations and referenced to the Missouri State Plane Coordinate System, West Zone, NAD83.)

Commencing at the Northeast corner of Tract I, Plaza 40 Shopping Center - Phase 1, monumented by a found cotton gin spindle; thence South 02 degrees 07 minutes 36 seconds West, 383.94 feet, on the East line of said Tract I, to the point of beginning of said Parcel herein described; thence North 88 degrees ...

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