Title
AN ORDINANCE APPROVING DOCUMENTS RELATED TO THE TRANSFER OF PROPERTY WITHIN THE BLUE PARKWAY AND COLBERN ROAD REDEVELOPMENT AREA TO SAINT LUKE’S EAST HOSPITAL AND AUTHORIZING OTHER ACTIONS IN CONNECTION WITH SAID TRANSFER OF PROPERTY.
Body
Issue/Request:
AN ORDINANCE APPROVING DOCUMENTS RELATED TO THE TRANSFER OF PROPERTY WITHIN THE BLUE PARKWAY AND COLBERN ROAD REDEVELOPMENT AREA TO SAINT LUKE’S EAST HOSPITAL AND AUTHORIZING OTHER ACTIONS IN CONNECTION WITH SAID TRANSFER OF PROPERTY.
Key Issues:
This ordinance will approve the following documents:
· Second Amendment to the Chapter 353 Redevelopment Plan for the Blue Parkway and Colbern Road Redevelopment Area
· Second Amendment to Redevelopment Agreement for the Blue Parkway and Colbern Road Redevelopment Area
· Transferee Agreement
· First Amendment to Cooperative Agreement between the City of Lee’s Summit and the Blue Parkway and Colbern Road Community Improvement District
The documents provide that (a) the Saint Luke’s Property will not be transferred to the Corporation prior to conveyance to Saint Luke’s and will not be subject to Tax Abatement as provided in the Redevelopment Plan, (b) during the time that Saint Luke’s or its affiliates owns the Saint Luke’s Property it will be excluded from the imposition of special assessments imposed by the District, (c) during the time that Saint Luke’s or its affiliates owns the Saint Luke’s Property sales which occur on the Saint Luke’s Property that are exempt from tax under State law and other local laws, apart from the CID Act, shall also be exempt from the CID District Sales Tax, and (d) additional related terms and provisions as set forth in the Exhibits attached documents.
Proposed City Council Motion:
FIRST MOTION: I move for second reading of AN ORDINANCE APPROVING DOCUMENTS RELATED TO THE TRANSFER OF PROPERTY WITHIN THE BLUE PARKWAY AND COLBERN ROAD REDEVELOPMENT AREA TO SAINT LUKE’S EAST HOSPITAL AND AUTHORIZING OTHER ACTIONS IN CONNECTION WITH ...
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