IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
A RESOLUTION authorizing the County Executive to execute the Cooperative Agreement for Distribution of Surplus with the City of Kansas City, Missouri, and the Tax Increment Financing (TIF) Commission of Kansas City, Missouri, related to the distribution of funds in connection with the sale of certain property owned by the Commission.
Intro
RESOLUTION NO. 19673, December 11, 2017
INTRODUCED BY Dennis Waits, County Legislator
Body
WHEREAS, the City of Kansas City, Missouri, and the Tax Increment Financing Commission of Kansas City, Missouri, have requested the execution of a Cooperative Agreement for the Distribution of Surplus in connection with the sale of certain property owned by the Commission; and,
WHEREAS, under this Agreement with the City of Kansas City, and the TIF Commission of Kansas City, Missouri, the County would distribute surplus funds generated from the sale of the property within the redevelopment area to the affected taxing jurisdictions, including the County itself; and,
WHEREAS, the attached Cooperative Agreement for the Distribution of Surplus is a suitable mechanism by which to implement the mutual understanding of the parties; and
WHEREAS, the execution of this 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 Cooperative Agreement with the City of Kansas City, Missouri, and the TIF Commission of Kansas City, Missouri; 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.
APPR...
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