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File #: 220665    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 8/3/2022 In control: Neighborhood Planning and Development Committee
On agenda: 8/10/2022 Final action: 8/11/2022
Title: Accepting the recommendations of the Tax Increment Financing Commission as to the Twelfth Amendment to the North Oak Tax Increment Financing Plan; and approving the Twelfth Amendment to the North Oak Tax Increment Financing Plan.
Attachments: 1. North Oak TIF Plan - FACT SHEET, 2. EXHIBIT 5 - North Oak - Budget for 12th Amendment, 3. EXHIBIT 1A - North Oak TIF Plan noncontiguous legal descriptions, 4. North Oak TIF Plan 12th Amendment Presentation, 5. Authenticated Ordinance 220665
ORDINANCE NO. 220665

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Accepting the recommendations of the Tax Increment Financing Commission as to the Twelfth Amendment to the North Oak Tax Increment Financing Plan; and approving the Twelfth Amendment to the North Oak Tax Increment Financing Plan.

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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"), and Ordinance No. 545556 adopted on November 24, 1982, as amended by Committee Substitute for Ordinance No. 911076 adopted on August 29, 1991, by Ordinance No. 100089 adopted on January 28, 2010, by Ordinance No. 130986 adopted on December 19, 2013 and by Committee Substitute for Ordinance No. 140823 adopted on June 18, 2015 (collectively, the "Enabling Ordinances") the City Council of Kansas City, Missouri created the Tax Increment Financing Commission of Kansas City, Missouri (the "Commission"); and

WHEREAS, on February 24, 2005, the City Council of Kansas City, Missouri (the "Council") passed Committee Substitute for Ordinance No. 050104, which accepted the recommendations of the Commission and approved the North Oak Tax Increment Financing Plan (the "Redevelopment Plan") and designated the Redevelopment Area described therein to be a blighted area (the "Redevelopment Area"); and

WHEREAS, on July 20, 2006, the Council passed Committee Substitute for Ordinance No. 060534 approving the First Amendment to the North Oak Tax Increment Financing Plan, which provides for (A) the expansion of the Redevelopment Area by adding a 32 acre parcel for development into retail space and (B) a change in designation of the Redevelopment Area from a blighted area to a conservation area; and

WHEREAS, a second amendment to the Redevelopment Plan (the "Second Amendment") was presented to the Commission but was never approved; and

WHEREAS, on October 11, 2007, the Council passed Committee Substitute for Ordinance...

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