File #: 21525    Version: 0 Name: Letter of Intent (LOI) - Chiefs and Royals
Type: Resolution Status: Passed
File created: 2/1/2024 In control: County Legislature
On agenda: 2/5/2024 Final action: 2/5/2024
Title: A RESOLUTION expressing the acceptance of a Letter of Intent among Jackson County Missouri, the Jackson County Sports Complex Authority (the "Authority"), the Kansas City Chiefs Football Club, Inc. (the "Chiefs") and the Kansas City Royals Baseball Club, LLC (the "Royals") dated January 19, 2024, concerning the understandings and agreements for contracts related to retaining the Kansas City Royals and Kansas City Chiefs sports teams in Jackson County, Missouri, and authorizing the County Executive to execute the Letter of Intent.
Sponsors: DaRon McGee, Jalen Anderson, Manuel Abarca IV, Venessa Huskey, Donna Peyton, Charlie Franklin
Indexes: CONTRACT, KANSAS CITY CHIEFS, KANSAS CITY ROYALS
Attachments: 1. 21525bu..pdf, 2. 21525adopted.pdf, 3. 21525 LOI - Chiefs, Royals, Sports Complex Authority.pdf
Related files: 5822
IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI


Title
A RESOLUTION expressing the acceptance of a Letter of Intent among Jackson County Missouri, the Jackson County Sports Complex Authority (the "Authority"), the Kansas City Chiefs Football Club, Inc. (the "Chiefs") and the Kansas City Royals Baseball Club, LLC (the "Royals") dated January 19, 2024, concerning the understandings and agreements for contracts related to retaining the Kansas City Royals and Kansas City Chiefs sports teams in Jackson County, Missouri, and authorizing the County Executive to execute the Letter of Intent.

Intro
RESOLUTION NO. 21525, February 5, 2024

INTRODUCED BY DaRon McGee, Jalen Anderson, Manuel Abarca IV, Venessa Huskey, Donna Peyton, and Charlie Franklin, County Legislators


Body
WHEREAS, on December 18, 2023, the County introduced Ordinance 5822, to submit to the qualified voters of Jackson County, Missouri, at a special election to be held on April 2, 2024, a question authorizing Jackson County to impose a countywide sales tax of three-eighths of one percent for a period of forty years, for the purpose of retaining the Kansas City Royals and Kansas City Chiefs sports teams in Jackson County, Missouri; and,

WHEREAS, subsequent to introduction of Ordinance 5822, the County Executive, the County Legislature, the Authority, the Chiefs, the Royals, and numerous community stakeholders engaged in robust communications and identified numerous undertakings upon which support of Ordinance 5822 may be conditioned; and,


WHEREAS, such undertakings included, the requirement that the Chiefs and the Royals each demonstrate their unwavering commitment to the County and Jackson County taxpayers by (a) negotiating and agreeing to material terms of a binding lease and development agreements, and one or more community benefits agreements; and (b) making binding investment and other commitments to the County; and,

WHEREAS, on January 19, 2024, as a result of those discussions an...

Click here for full text