IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
A RESOLUTION authorizing the County Executive to execute an Intergovernmental Cooperative Agreement with the City of Kansas City, Missouri, setting forth a process for the allocation of economic activity tax proceeds relating to Tax Increment Financing projects at no cost to the County.
Intro
RESOLUTION #16907, May 11, 2009
INTRODUCED BY James D. Tindall, County Legislator
Body
WHEREAS, the City of Kansas City, MO, and Jackson County have negotiated the terms of an Intergovernmental Cooperative Agreement ("Agreement") setting forth procedures for the timely disbursement of proceeds derived from economic activity taxes collected by the County that are due to the City for Tax Increment Financing (TIF) projects under chapter 99, Revised Statutes of Missouri; and,
WHEREAS, the City has entered into similar agreements with Clay County, Missouri, and Platte County, Missouri; and,
WHEREAS, the Agreement provides terms that will benefit both parties; and,
WHEREAS, the Agreement establishes a process that will reduce County staff time and expense in the calculation of amounts that are statutorily required to be paid to the City for TIF projects; and,
WHEREAS, the attached Intergovernmental Cooperative Agreement sets forth the mutual understandings and obligations of the City and County with regards to the cooperative effort regarding distribution of economic activity tax proceeds ; and,
WHEREAS, this Agreement is in the best interest of the health, welfare, and safety of the citizens of the County; now therefore,
BE IT RESOLVED by the County Legislature of Jackson County, Missouri, that the County Executive be and hereby is authorized to execute the attached Intergovernmental Cooperative Agreement with the City of Kansas City, Missouri, for the disbursement of economic activity tax proceeds.
Enacted and Approved
Effective Date: This Resolution shall be effective immediately upon its passage by a majority of the Legislature.
APPROVED AS TO FORM:
____________________________ ______________________________
Chief Deputy County Counselor County Counselor
Certificate of Passage
I hereby certify that the attached resolution, Resolution #16907 of May 11, 2009, was duly passed on May 18, 2009 by the Jackson County Legislature. The votes thereon were as follows:
Yeas _______9________ Nays ______0________
Abstaining ____0_____ Absent _____0_______
________________________ ______________________________
Date Mary Jo Spino, Clerk of Legislature