260771: Notice to the City Clerk of the 51st and Oak Community Improvement District’s Annual Report for the fiscal year ending April 30, 2026.

Description

Notice to the City Clerk of the 51st and Oak Community Improvement District’s Annual Report for the fiscal year ending April 30, 2026.

Summary

The document concerns Kansas City’s 51st & Oak Community Improvement District (CID), created by Ordinance 150507 in 2015. It records required annual reporting under Missouri law, including board membership, services, budgets, resolutions, revenues and expenses. For fiscal year 2024–25, the CID collected $524,806 through a 1% sales and use tax, spent the full amount on legal and formation costs, insurance, financing interest and developer reimbursement, and reported no substantial services or remaining balance. The board also approved a 2026–2030 plan, successor-director slate, and a 2026–27 budget projecting $556,767 in revenue and equal expenditures. These filings support public and state oversight of CID finances, governance and obligations.