IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
A RESOLUTION authorizing the County Executive to execute a Contribution Agreement with the DTC One, LLC, and the Tax Increment Financing Commission of Kansas City, Missouri, related to the Downtown Library Tax Increment Financing Plan.
Intro
RESOLUTION NO. 18922, August 31, 2015
INTRODUCED BY Scott Burnett, County Legislator
Body
WHEREAS, the Tax Increment Financing (TIF) Commission of Kansas City, Missouri has submitted its Revised Third Amendment to the Downtown Library Tax Increment Financing Plan to provide for the construction of certain streetscape and public infrastructure improvements; and,
WHEREAS, DTC One, LLC, the redeveloper on this project, intends to submit to the TIF Commission certain Payments in Lieu of Taxes (PILOT) to the County for distribution to the taxing districts affected by the TIF Plan; and
WHEREAS, as part of this plan, the County will execute the attached Contribution Agreement between the County, the TIF Commission of Kansas City, Missouri, and DTC One, LLC, which sets out the rights and obligations of each party for the distribution of the contribution amount to the taxing jurisdictions; and,
WHEREAS, the execution of this Contribution Agreement is in the best interest of the health, safety and welfare of the citizens of Jackson 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 Contribution Agreement with the TIF Commission of Kansas City, Missouri, and DTC One, LLC; and,
BE IT FURTHER RESOLVED that all County officials be and hereby are authorized to execute any and all documents and take any other actions necessary to give effect to this Resolution.
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 No. 18922 of August 31, 2015, was duly passed on September 14, 2015 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