260839: Notice of the petition to establish the Riverfront Community Improvement District to the City Clerk.

Description

Notice of the petition to establish the Riverfront Community Improvement District to the City Clerk.

Summary

The petition asks Kansas City to establish the Riverfront Community Improvement District under Missouri law. Covering about 40.258 acres near Berkley Riverfront Park, the CID would fund public improvements and services, including roads, sidewalks, trails, parks, parking, landscaping, maintenance, marketing, transportation, and security. It projects $34.4 million in total revenue and would operate for 27 years. Funding could include a voter-approved sales tax of up to 1%, special assessments on qualifying stadium or parking properties and hotels, and potentially a real-property tax of up to $1 per $100 assessed value; no business-license tax is proposed. A five-member board would govern the district, with appointments involving the mayor and City Council. The City may audit its records, while property owners may petition to terminate it.