260784: Notice to the City Clerk of the Romanelli Shops Community Improvement District’s Annual Report for the fiscal year ending April 30, 2026.

Description

Notice to the City Clerk of the Romanelli Shops Community Improvement District’s Annual Report for the fiscal year ending April 30, 2026.

Summary

The Romanelli Shops Community Improvement District (CID), created by Kansas City Ordinance No. 190889 in 2019, is a political subdivision authorized to fund improvements and services within its boundaries. Its 1% sales and use tax began in 2020 and supports potential construction, repairs, maintenance, landscaping, parking, and related projects benefiting district properties. No services were performed during the fiscal year ending April 30, 2026. The CID reported $47,196 in actual tax revenue, $8,643 in developer advances, and $8,643 in expenses, primarily legal, insurance, and city review costs. Its board approved officers, amended the 2026 budget, adopted a proposed 2027 budget, and authorized required reports to Kansas City, Missouri agencies, and the State Auditor. The report notes unresolved accounting discrepancies and conditions developer reimbursement on certified eligible costs.