File #: 11708    Version: 0 Name: Uptown Theater Redevelopment Project.
Type: Resolution Status: Passed
File created: 4/14/1997 In control: Clerk of the County Legislature
On agenda: Final action: 4/14/1997
Title: A RESOLUTION supporting the efforts of the City of Kansas City's Land Clearance for Redevelopment Authority and Tax Increment Financing Commission in conjunction with UGA, L.L.C., redeveloper of the Uptown Theater, to encourage the Missouri Development Finance Board to approve the city's request to enhance TIFC bonds for the Uptown Theater Redevelopment Project.
Sponsors: Dan Tarwater III, John Patrick Burnett
Indexes: TIF - (TAX INCREMENT FINANCING COMMISSION)
IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI Title A RESOLUTION supporting the efforts of the City of Kansas City's Land Clearance for Redevelopment Authority and Tax Increment Financing Commission in conjunction with UGA, L.L.C., redeveloper of the Uptown Theater, to encourage the Missouri Development Finance Board to approve the city's request to enhance TIFC bonds for the Uptown Theater Redevelopment Project. Intro RESOLUTION # 11708, April 14, 1997 INTRODUCED BY Dan Tarwater and John Patrick Burnett, County Legislators Body WHEREAS, UGA, L.L.C. has purchased the Uptown Theater and has invested much time, energy, and capital into rebuilding the historic theater and office building; and, WHEREAS, Kansas City has approved the use of TIFC bonds to help renovate the theater and surrounding area; and, WHEREAS, Kansas City's midtown area is enjoying a renaissance with development projects including Missouri Gas Energy, Twentieth Century Investors, Missouri Housing Development Commission, and the Midtown Marketplace; and, WHEREAS, the Uptown Theater creates a link with Kansas City's past and deserves to be restored to its previous status as a premier entertainment destination; now therefore, BE IT RESOLVED by the County Legislature of Jackson County, Missouri, that the Legislature urges the Missouri Development Finance Board to approve the request by Kansas City's Land Clearance for Redevelopment Authority to authorize the issuance of $8,500,000 in TIF bonds to finance the redevelopment of the Uptown Theater in midtown Kansas City that will heal revitalize an area of Kansas City in Jackson County that deserves our support. Attorney Effective Date: This Resolution shall be effective immediately upon its passage by a majority of the Legislature. APPROVED AS TO FORM: ______________________ ________________________________ County Counselor Certificate of Passage I hereby certify that the attached resolution, Resolution # 11708 of April 14, 1997 was duly passed on ___________April 14________________, 1997 by the Jackson County Legislature. The votes thereon were as follows: Yeas _______8__________ Nays ______0________ Abstaining _____1________ Absent ____0________ ______________________ _________________________________ Date Mary Jo Brogoto, Clerk of Legislature