260834: Sponsor: Mayor Quinton Lucas Approving the petition to establish the Riverfront Community Improvement District; establishing the Riverfront Community Improvement District generally bounded by the Missouri River to the north; I-29 to the east; Berkley Parkway, E. Riverfront Drive, and north boundary of railroad property line to the south; and Berkley Plaza to the west in Kansas City, Jackson County, Missouri; requiring the annual submission of certain records; directing the City Clerk to report the creation of the District to the Missouri Department of Economic Development and the Missouri State Auditor; appropriating $1,000.00 from the Unappropriated Fund Balance of the Development Services Fund, Fund No. 2210, for the purposes of providing community outreach regarding the objectives of this ordinance; designating requisitioning authority; and recognizing this ordinance as having an accelerated effective date.

Description

Sponsor: Mayor Quinton Lucas Approving the petition to establish the Riverfront Community Improvement District; establishing the Riverfront Community Improvement District generally bounded by the Missouri River to the north; I-29 to the east; Berkley Parkway, E. Riverfront Drive, and north boundary of railroad property line to the south; and Berkley Plaza to the west in Kansas City, Jackson County, Missouri; requiring the annual submission of certain records; directing the City Clerk to report the creation of the District to the Missouri Department of Economic Development and the Missouri State Auditor; appropriating $1,000.00 from the Unappropriated Fund Balance of the Development Services Fund, Fund No. 2210, for the purposes of providing community outreach regarding the objectives of this ordinance; designating requisitioning authority; and recognizing this ordinance as having an accelerated effective date.

Summary

The document asks Kansas City’s City Council to establish the Riverfront Community Improvement District (CID), covering about 40 acres near Berkley Parkway and I-29. The proposed mixed-use project may include a parking garage, stadium expansion, housing, retail, restaurants, a hotel, offices, and entertainment facilities. The CID could impose a voter-approved 1% sales and use tax, special assessments, and potentially a future property tax of up to $1 per $100 assessed value. Revenues, estimated at $34.4 million, would fund infrastructure, maintenance, marketing, security, parking, and related services over a 27-year term. A five-member board would govern the district, subject to mayoral appointment and City Council consent. The district must submit annual budgets and reports, reimburse City review costs, and provide records for City audits. The proposal does not seek a blight designation and allows property owners to petition for termination under state law.