HomeMy WebLinkAbout1504 Terminating Gateway Redevelopment Plan BILL NO: 2017-002 ORDINANCE NO:
AN ORDINANCE TERMINATING THE GATEWAY REDEVELOPMENT PLAN.
WHEREAS, on October 2, 2001, the Board of Aldermen adopted Ordinance No. 2001-
108, approving the Gateway Redevelopment Plan;and
WHEREAS, on December 17, 2002, the Board of Aldermen adopted Ordinance No. 2002-
131, approving the First Amendment to Gateway Redevelopment Plan, and on December 28, 2006,
the Board of Aldermen adopted Ordinance No. 2006-172, approving the Second Amendment to
Gateway Redevelopment Plan;and
WHEREAS, the City never designated a developer nor approved any specific
Redevelopment Projects;and
WHEREAS, the statutory timeframe to have adopted an ordinance approving a
Redevelopment Project was no later than ten (10) years from the adoption of the ordinance
approving the Gateway Redevelopment Plan,and that timeframe has since expired; and
WHEREAS, Board of Aldermen desires to make clear that the tax increment financing
plan for the Gateway Redevelopment Plan is terminated.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF ALDERMEN FOR THE
CITY OF RIVERSIDE,MISSOURI,as follows:
SECTION 1 — PLAN TERMINATION. Based upon the foregoing recitals, the Board of
Aldermen hereby terminates the Gateway Redevelopment Plan. To the extent necessary,the Board
hereby repeals Ordinance Nos. 2001-108,2002-131, and 2006-172.
SECTION 2 — EFFECTIVE DATE. This ordinance shall be in full force and effect from and
after the date of its passage and approval.
BE IT REMBERED that the above was read two times by heading only, PASSED AND
APPROVED by a majority of the Board of Aldermen and APPROVED by the Mayor of the
City of Riverside this 3rd day of January, 2017.
[ i yor Kathleen L. Rose
A,TT.EST.
« r
e
$ohm Kincaid, Cify JClerk
1