Eighteenth Amendment to the KCI Corridor Tax Increment

  • Slides: 7
Download presentation
Eighteenth Amendment to the KCI Corridor Tax Increment Financing Plan October 9, 2019

Eighteenth Amendment to the KCI Corridor Tax Increment Financing Plan October 9, 2019

AMENDMENT DETAILS 1. Modifications to the boundaries of the Redevelopment Area 2. Modifications to

AMENDMENT DETAILS 1. Modifications to the boundaries of the Redevelopment Area 2. Modifications to the description of public improvements 3. Modifications to the Budget of Redevelopment Project Costs 4. Modifications to the Sources and Uses 5. Modifications to all other necessary exhibits.

Proposed Redevelopment Area

Proposed Redevelopment Area

Modifications to Public Improvements Improvement 17: Line Creek Parkway from the current terminus of

Modifications to Public Improvements Improvement 17: Line Creek Parkway from the current terminus of Line Creek Parkway at Old Tiffany Springs Road to the proposed entrance of the Platte County R-III School District complex Improvement 21 A: N. Platte Purchase Drive from Tiffany Springs Pwy to Platte Purchase Park and water main extension Improvement 21 B: N. Platte Purchase Drive from Platte Purchase Park entrance to Shoal Creek Pkwy Improvement 22: water main extension on N. Platte Purchase from SCP, south and including water and sewer main extensions within Platte Purchase Park Improvement 23: public infrastructure improvements to Northland Athletic Complex

Modifications to Budget Improvement 17 Line Creek Pky at Old Tiffany Springs Road to

Modifications to Budget Improvement 17 Line Creek Pky at Old Tiffany Springs Road to proposed Platte County RIII School District Complex $ 3, 030, 324 Improvement 21 A N Platte Purchase Drive from NE 100 th St to Platte Purchase Park entrance Improvement 21 B N Platte Purchase Drive from NE 106 th St Improvement 22 Water and Sewer Main Improvement 23 Northland Sports Complex TOTAL BUDGET MODIFICATIONS 3, 702, 000 3, 787, 000 1, 244, 000 17, 000 $28, 763, 324

Modifications to Sources & Uses Reimbursable Costs from EATS only $122, 019, 001 Private

Modifications to Sources & Uses Reimbursable Costs from EATS only $122, 019, 001 Private Investment and other Public Sources 166, 275, 354 TOTAL $288, 294, 355

STAFF RECOMMENDATION Approval of the Eighteenth Amendment to the KCI Corridor TIF Plan.

STAFF RECOMMENDATION Approval of the Eighteenth Amendment to the KCI Corridor TIF Plan.