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File #: 230492    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 6/2/2023 In control: Council
On agenda: 6/15/2023 Final action: 6/15/2023
Title: Sponsor: City Manager Accepting the recommendations of the Tax Increment Financing Commission of Kansas City, Missouri as to the 22nd Amendment to the KCI Corridor Tax Increment Financing Plan and approving the 22nd Amendment to the KCI Corridor Tax Increment Financing Plan.
Sponsors: City Manager's Office, Tax Increment Financing (TIF) Commission
Attachments: 1. KCI Corridor 22nd Amendment - DOCKET MEMO, 2. KCI Corridor TIF Plan - 22nd Amendment Plan(606952475.pdf, 3. TIF_ KCI Corridor - Exhibit 6 (Budget) to 22nd Amendment to TIF Plan(606952468.1), 4. 230492.Authenticated Ordinance
ORDINANCE NO. 230492

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Sponsor: City Manager

Accepting the recommendations of the Tax Increment Financing Commission of Kansas City, Missouri as to the 22nd Amendment to the KCI Corridor Tax Increment Financing Plan and approving the 22nd Amendment to the KCI Corridor 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 March 11, 1999, the City Council of Kansas City, Missouri (the "Council") passed Ordinance No. 990256, which accepted the recommendations of the Commission and approved the KCI Corridor Tax Increment Financing Plan (the "Redevelopment Plan") and designated the Redevelopment Area described therein to be an Economic Development Area (the "Redevelopment Area"); and

WHEREAS, the Redevelopment Plan has since been amended twenty-one (21) times by No. 040618, Ordinance No. 040619, Ordinance No. 040620, Ordinance No. 040621, Ordinance No. 050107, Ordinance No. 060326, Ordinance No. 080211, Ordinance Nos. 090260, 100497, Ordinance No. 101007, Ordinance No. 110603, Ordinance No. 120485, Ordinance No. 120618, Ordinance No. 130108, Ordinance No. 140092, Committee Substitute for Ordinance No. 140907, Ordinance No. 160416, Ordinance No. 170970, Ordinance No. 190827, Ordinance No. 200204, Ordinance No. 200710 and Ordinance No. 220297; and

WHEREAS, a 22nd Amendm...

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