File #: 230866    Version: 1 Name:
Type: Resolution Status: Passed
File created: 9/28/2023 In control: Council
On agenda: 10/5/2023 Final action: 10/5/2023
Title: Sponsor: Mayor Quinton Lucas and Councilmember Melissa Robinson RESOLUTION - Expressing City Council support for Consideration of a Tax Increment Financing Plan to Assist with the development of approximately 22 acres in the Historic Northeast Area.
Sponsors: Quinton Lucas, Melissa Robinson, Melissa Patterson Hazley
Attachments: 1. Docket Memo, 2. Authenticated Resolution 230866

RESOLUTION NO. 230866

 

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Sponsor:  Mayor Quinton Lucas and Councilmember Melissa Robinson

 

RESOLUTION - Expressing City Council support for Consideration of a Tax Increment Financing Plan to Assist with the development of approximately 22 acres in the Historic Northeast Area.

 

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WHEREAS, the City Council, by Committee Substitute for Ordinance No. 230439, As Amended, approved a Predevelopment Agreement (“Predevelopment Agreement”) with Historic Northeast Lofts, LLC (“Developer”); and

 

WHEREAS, the Predevelopment Agreement contemplated the Developer seeking development assistance in the form of certain economic incentives; and

 

WHEREAS, such economic incentives include the anticipated consideration of a Tax Increment Financing Plan at the November meeting of the City’s Tax Increment Finance Commission; NOW, THEREFORE,

 

BE IT RESOLVED BY THE COUNCIL OF KANSAS CITY:

 

That the City Council supports the Developer’s request for approval of the Tax Increment Financing Plan and other such economic development support consistent with the Predevelopment Agreement. 

 

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