HomeMy WebLinkAbout1644 Payment in Accordance with the MDA BILL NO. 2019-008 ORDINANCE NO..��"
AN ORDINANCE APPROVING THE PAYMENT IN ACCORDANCE WITH THE TERMS OF
THE MASTER DEVELOPMENT AGREEMENT BETWEEN THE CITY AND RIVERSIDE
HORIZONS, LLC
WHEREAS, Briarcliff Realty, LLC, a Missouri limited liability company, and the City of
Riverside, Missouri (the "City") entered into that certain Master Development Agreement dated
as of May 10, 2011 (the "MDA"); and
WHEREAS, Briarcliff Realty, LLC assigned its rights and obligations under the MDA, but
not its rights and obligations under the MDA First Amendment, to Briarcliff Horizons, LLC, an
affiliated entity of Briarcliff Realty, LLC, pursuant to Section 12.5(b) of the MDA; and
WHEREAS, on or about February 13, 2012, Briarcliff Horizons, LLC filed articles of
amendment with the Missouri Secretary of State changing its name to Riverside Horizons, LLC
("RH"); and
WHEREAS, Section 9.1 of the MDA provides, subject to appropriation, to allocate on an
annual basis a fee to be paid to the Developer for the performance of its services in accordance
with the MDA in an amount equal to 10% of the PILOT revenues from the Industrial Section and
20% from the Office Section (as such terms are defined in the MDA); and
WHEREAS, the City has received PILOT revenues for 2018 attributable to the
development in the Industrial and Office Sections as defined in the MDA in the amount of One
Million Five Hundred Seventy-Two Thousand Thirty-Two and 55/100 Dollars ($1,572,032.55);
and
WHEREAS, pursuant to Section 9.1 of the MDA the fee owed to the Developer for the
performance of its services in accordance with the MDA is One Hundred Sixty-One Thousand
Nine Hundred Thirty-One and 60/100 Dollars ($161,931.60); and
WHEREAS, pursuant to Section 9.4 of the MDA, the amount paid to RH pursuant to
Section 9.1 shall reduce any outstanding Developer Return and/or Developer's Capital
Contribution (as such capitalized terms are defined in the MDA) as set forth in such provision;
and
WHEREAS, the Board of Aldermen find it to be in the best interests of the City in order
to further the objectives of industrial and economic development of the City, and the terms and
conditions of the MDA, as well as in furtherance of the objective to protect the health, safety,
and welfare of the businesses and citizens of the City, to approve the payment of the fee owed
to the Developer pursuant to Section 9.1 of the MDA for the performance of its services in
accordance with the MDA to RH.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE
CITY OF RIVERSIDE, MISSOURI, AS FOLLOWS:
SECTION 1. BEST INTEREST OF THE CITY TO APPROVE AND PAY RIVERSIDE
HORIZONS LLC, THE FEE PURSUANT TO SECTION 9.1 OF THE MDA. It is in the best
interests of the City in order to further the objectives of industrial and economic development of
the City, and the terms and conditions of the MDA, as well as in furtherance of the objective to
WA 11978354.1
protect the health, safety, and welfare of the businesses and citizens of the City, to approve
payment to Riverside Horizons, LLC pursuant to Section 9.1 of that certain Master Development
Agreement dated May 10, 2011 (the "MDA") for the performance of its services in accordance
with the MDA in the amount of One Hundred Sixty-One Thousand Nine Hundred Thirty-One and
60/100 Dollars ($161,931.60), and such payment is hereby approved, provided that any
outstanding Developer Return and/or Developer's Capital Contribution be reduced by such
amount as set forth in Section 9.4 of the MDA.
SECTION 2. AUTHORITY GRANTED. The City hereby authorizes the Mayor, the City
Administrator, the Director of Finance, Special Counsel to the City and other appropriate City
officials to take all steps necessary to pay the fee in the amount of One Hundred Sixty-One
Thousand Nine Hundred Thirty-One and 60/100 Dollars ($161,931.60) authorized by and
pursuant to Section 9.1 of the MDA to RH, and to take any and all actions as may be deemed
necessary or convenient to carry out and comply with the intent of this Ordinance and to
execute and deliver for and on behalf of the City all certificates, instruments, agreements and
other documents, as may be necessary or convenient to perform all matters herein authorized.
SECTION 3. EFFECTIVE DATE. This Ordinance shall be in full force and effect from
and after its passage and approval.
BE IT REMEMBERED 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, Missouri, this�Z�,_a day of March, 2019.
Kathleen L. Rose, Mayor
ATTEST:
Robin Kincaid, City Clerk.
Approved as to form:
S ence�ounsel
ane LLP
Special to the City
by Joe Bednar
WA 11978354.1
City of Riverside Invoice
2950 NW Vivion Road
Kansas City, MO 64150
Date: 2/14/2019
Invoice No: 43991
City of Riverside
2950 NW Vivion Road Property: Riverside Horizons, LLC(1000)
Kansas City, MO 64150
Space(s):
Reference: 1000rive City of Riverside
Description From Date To Date Amount
2018 TIF-Riverside Horizons 161,931.60
Total Invoice 161,931.60
US Lease Invoice 2/14/2019 10:20:08 PM
Riverside Horizons
2018 TIF
Owner Parcel TIF Type Share
Cardax Systems Inc 23-3.0-05-000-000-062.000 114,518.66 Industrial 11,451.87
Horizons Industrial I LLC 23-3.0-05-000-000-057.000 169,026.04 Industrial 16,902.60
Horizons Industrial II LLC 23-3.0-05-000-000-058.000 186,195.30 Industrial 18,619.53
Horizons Industrial III LLC 23-3.0-05-000-000-068.000 200,027.65 Industrial 20,002.77
Horizons Industrial IV LLC 23-3.0-05-000-000-065.000 337,044.23 Industrial 33,704.42
Horizons Industrial V LLC 23-3.0-05-000-000-066.000 495,886.66 Industrial 49,588.67
Horizons Industrial VII LLC 23-3.0-05-000-000-066.000 22,050.55 Industrial 2,205.06
Horizons Office I,LLC 23-3.0-08-000-000-017.000 47,283.46 Office 9,456.69
161,931.60
i
(.1_If,
PLATTE COUNTY TAX RECEIVi
2018 REAL ESTATE
Sheila L. Palmer, Collector
Administrative Building
415 Third St. Room 212
Platte City, MO 64079
CARDAX SYSTEMS INC PHONE: 816-858-3356
DON STEELE
5005 NW 41ST ST
RIVERSIDE MO 64150-0000 Tax District Levy per$100 Total Tax
State Blind Pension Fund 0.0300 0.15
PARCEL ID#: 23-3.0-05-000-000-062.000 County 0.0600 0.30
SEC,TWN, RNG: 5-50-33 Health Department 0.0783 0.39
ACRES: 4.23 PC Board of Svcs for Dev Disabled 0.1273 . 0.64
TAX DISTRICT#: 23 DELINQ YEARS: Mental Health 0.0979 0.49
GROUP CD: 0 M-CODE: 0 Mid-Continent Public Library 0.3963 1.98
PHYSICAL ADDRESS: 5005 NW 41ST ST Senior Citizen Levy 0.0490 0.25
TOTAL APPRAISED: 5,050,744 Park Hill School 5.3955 26.98
Property Description Parkville Special Road 0.2629 1.31
RIVERSIDE HORIZONS EAST 1ST REPEAT OF LOT 13 LOT 1 Metropolitan Community Colleges 0.2305 1.15M&M Replacement Tax 0.3600 1.80
RIVERSIDE HORIZONS EAST 1ST REPLAT OF LOT 13 TIF 114,518.66
Riverside Quindaro Bend Levee 1,607.78
Assessed Land Assessed Structure SUBTOTALS Riverside Quindaro Bend Installment 1,020.30
Residential 0 0 0
Agricultural 0 0 0
Commercial 132,666 1,483,572 1,616,238
SUBTOTALS 132,666 1,483,572 1,616,238
TOTAL ASSESSED VALUATION 1,616,238
t.i
PAID
`,k a t
fir°
117,182.18
Date Printed:02/14/2019
VALIDATED BY
PLATTE COUNTY COLLECTOR
PLATTE COUNTY AUDITOR
DATE: 12/21/2018 AMOUNT PAID: 117,182.18 TRANSACTION#: 634219
REAL ESTATE TAX RECEIPTS CA NNO T
BE USED TO LICENSE VEHICLES
GIAL SF9C
PLATTE COUNTY TAX RECEIPT
0 2018 REAL ESTATE
s
co cfi � OR, I 0 AI*
Sheila L. Palmer, Collector
Online @ www.plattecountycollector.com
Administrative Building
415 Third St. Room 212
HORIZONS INDUSTRIAL I LLC Platte City, MO 64079PHONE: 816-858-3356
% NORTH POINT DEVELOPMENT
4825 NW 41ST ST STE 500
RIVERSIDE MO 64150-0000 Tax District Levy per$100 Total Tax
State Blind Pension Fund 0.0300 0.15
PARCEL ID#: 23-3.0-05-000-000-057.000 County 0.0600 0.30
SEC,TWN, RNG: 5-50-33 Health Department 0.0783 0.39
ACRES: 9.00 PC Board of Svcs for Dev Disabled 0.1273 0.64
TAX DISTRICT#: 23 DELINO YEARS: Mental Health 0,0979 0.49
GROUP CD: 0 M-CODE: 0 Mid-Continent Public Library 0.3963 1.98
PHYSICAL ADDRESS: 4780 NW 41ST ST Senior Citizen Levy 0.0490 0.25
TOTAL APPRAISED: 7,454,000 Park Hill School 5.3955 26.98
Property Description Parkville Special Road 0.2629 1.31
RIVERSIDE HORIZONS EAST 1ST LOT a Metropolitan Community Colleges 0.2305 1.15
M&M Replacement Tax 0.3600 1.80
RIVERSIDE HORIZONS EAST IST TIF 169,026.04
Riverside Quindaro Bend Levee 4,639.20
Assessed Land Assessed Structure SUBTOTALS Riverside Quindaro Bend Installment 2,944.05
Residential 0 0 0
Agricultural 0 0 0
Commercial 282,226 2,103,054 2,3859280
SUBTOTALS 282,226 2,103,054 2,385,280
TOTAL ASSESSED VALUATION 2,385,280
PAID
176,644.73
ateAnte 2-,'20 18
VALIDATED BY
PLATTE COUNTY COLLECTOR
PLATTE COUNTY AUDITOR
DATE: 12/06/2018 AMOUNT PAID: 176,644.73 TRANSACTION#: 630049
REAL ES TA TE TAX RECEIPTS CANNOT
BE USED TO LICENSE VEHICLES
Date Printed: 12,06'2018
�1��1LG�1•.Y�;
PLATTE COUNTY TAX RECEIPT
♦h
2018 REAL ESTATE
Sheila L. Palmer, Collector
Administrative Building
415 Third St. Room 212
Platte City, MO 64079
HORIZONS INDUSTRIAL II LLC PHONE: 816-858-3356
% GRAINGER INTERNATIONAL INC ATTN: TAMMY MOORE 133
100 GRAINGER PKWY
LAKE FOREST IL 60045-0000 Tax District Levy per$100 Total Tax
State Blind Pension Fund 0.0300 0.15
PARCEL ID#: 23-3.0-05-000-000-058.000 County 0.0600 0.30
SEC,TWN, RNG: 5-50-33 Health Department 0.0783 0.39
ACRES: 9.69 PC Board of Svcs for Dev Disabled 0.1273 0.64
TAX DISTRICT#: 23 DELINQ YEARS: Mental Health 0.0979 0.49
GROUP CD: 0 M-CODE: 0 Mid-Continent Public Library 0.3963 1.98
PHYSICAL ADDRESS: 4950 NW 42ND ST Senior Citizen Levy 0.0490 0.25
TOTAL APPRAISED: 8,211,000 Park Hill School 5.3955 26.98
Property Description Parkville Special Road 0.2629 1.31
RIVERSIDE HORIZONS EAST 1ST LOT 1 Metropolitan Community Colleges 0.2305 1.15
M&M Replacement Tax 0.3600 1.80
RIVERSIDE HORIZONS EAST 1ST TIF 186,195.30
Riverside Quindaro Bend Levee 4,996.24
Assessed Land Assessed Structure SUBTOTALS Riverside Quindaro Bend Installment 3,170.63
Residential 0 0 0
Agricultural 0 0 0
Commercial 303,969 2,323,551 2,627,520
SUBTOTALS 303,969 2,323,551 2,627,520
TOTAL ASSESSED VALUATION 2,627,520
PAIDt
194,397.61
Date Printed:02/14/2019
VALIDATED BY
PLATTE COUNTY COLLECTOR
PLATTE COUNTY AUDITOR
DATE: 12/21/2018 AMOUNT PAID: 194,397.61 TRANSACTION#: 634226
REA L ES TA TE TAX RECEI P TS CA NNO T
BE USED TO LICENSE VEHICLES
��GIAL S
o
PLATTE COUNTY TAX RECEIPT
2018 REAL ESTATE
couh'�� EIEC20tH
12
Sheila L. Palmer, Collector
Online @ www.plattecountycollector.com
Administrative Building
415 Third St. Room 212
HORIZONS INDUSTRIAL III LLC Platte City, MO 64079
% NORTHPOINT DEVELOPMENT PHONE: 816-858-3356
4825 NW 41 ST ST STE 500
RIVERSIDE MO 64150-0000 Tax District Levy per$100 Total Tax
State Blind Pension Fund 0.0300 0.90
PARCEL ID#: 23-3.0-05-000-000-068.000 County 0.0600 1.80
SEC,TWN, RNG: 5-50-33 Health Department 0.0783 2.35
ACRES: 9.73 PC Board of Svcs for Dev Disabled 0.1273 3.82
TAX DISTRICT#: 23 DELINQ YEARS: Mental Health 0.0979 2.94
GROUP CD: 0 M-CODE: 0 Mid-Continent Public Library 0.3963 11.89
PHYSICAL ADDRESS: 4825 NW 41 ST ST Senior Citizen Levy 0.0490 1.47
TOTAL APPRAISED: 8,828,685 Park Hill School 5.3955 161.67
Property Description Parkville Special Road 0.2629 7.89
Metropolitan Community Colleges 0.2305 6.92
RIVERSIDE HORIZONS INDUSTRIAL III EAST LOT 1 M&M Replacement Tax 0.3600 10.80
TIF 200,027.65
RIVERSIDE HORIZONS INDUSTRIAL III EAST Riverside Ouindaro Bend Levee 1,202.09
Assessed Land Assessed Structure SUBTOTALS Riverside Quindaro Bend Installment 762.85
Residential 0 0 0
Agricultural 0 0 0
Commercial 305,600 2,519,580 2,825,180
SUBTOTALS 305,600 2,519,580 2,825,180
TOTAL ASSESSED VALUATION 2,825,180
PAID
202,205.24
DatePrinted:
VALIDATED BY
PLATTE COUNTY COLLECTOR
PLATTE COUNTY AUDITOR
DATE: 12/10/2018 AMOUNT PAID: 202,205.24 TRANSACTION#: 630630
REAL ES TA TE TAX RECEIPTS CANNOT
BE USED TO LICENSE VEHICLES
Date Printed: 12/10/2018
ct.kc
PLATTE COUNTY TAX RECEIPT
�0 2018 REAL ESTATE ,1
cot 2018 OF2 �2J0
Sheila L. Palmer, Collector
Online @ www.plattecountycollector.com
Administrative Building
415 Third St. Room 212
HORIZONS INDUSTRIAL IV LLC Platte City, MO 64079
% NORTHPOINT DEVELOPMENT PHONE: 816-858-3356
4825 NW 41ST ST STE 500
RIVERSIDE MO 64150-0000 Tax District Levy per$100 Total Tax
State Blind Pension Fund 0.0300 0.15
PARCEL ID#: 23-3.0-05-000-000-065.000 County 0.0600 0.30
SEC,TWN, RNG: 5-50-33 Health Department 0.0783 0.39
ACRES: 15.31 PC Board of Svcs for Dev Disabled 0.1273 0.64
TAX DISTRICT#: 23 DELINQ YEARS: Mental Health 0.0979 0.49
GROUP CD: 0 M-CODE: 0 Mid-Continent Public Library 0.3963 1.98
PHYSICAL ADDRESS: 4600 NW 41 ST ST Senior Citizen Levy 0.0490 0.25
TOTAL APPRAISED: 14,862,000 Park Hill School 5.3955 26.98
Property Description Parkville Special Road 0.2629 1.31
Metropolitan Community Colleges 0.2305 1.15
LOT 5&THE E 65'OF LOT 6 M&M Replacement Tax 0.3600 1.80
RIVERSIDE HORIZONS INDUSTRIAL IV EAST TIF 337,044.23
Riverside Quindaro Bend Levee 7,220.78
Assessed Land Assessed Structure SUBTOTALS Riverside Quindaro Bend Installment 4,582.33
Residential 0 0 0
Agricultural 0 0 0
Commercial 480,091 4,275,749 4,755,840
SUBTOTALS 480,091 4,275,749 4,755,840
TOTAL ASSESSED VALUATION 4,755,840
PAID
348,882.78
DatePrinted: 12/14/2018
VALIDATED BY
PLATTE COUNTY COLLECTOR
PLATTE COUNTY AUDITOR
DATE 1214;2018 AMOUNT PAID: 348,882.78 TRANSACTION #: 632250
REA L ES TA TE TA X RECEI PTS CA NNO T
BE USED TO L I CENSE VEHICLES
Date Printed: 1214/2018
o
PLATTE COUNTY TAX RECEIPT
9 2018 REAL ESTATE DEC 10201E
co��r
Sheila L. Palmer, Collector
Online @ www.plattecountycollector.com
Administrative Building
415 Third St. Room 212
HORIZONS INDUSTRIAL V LLC Platte City, MO 64079
% NORTH POINT DEVELOPMENT PHONE: 816-858-3356
4825 NW 41 ST ST, STE 500
RIVERSIDE MO 64150-0000 Tax District Levy per$100 Total Tax
State Blind Pension Fund 0.0300 0.30
PARCEL ID#: 23-3.0-05-000-000-066.000 County 0.0600 0.60
SEC,TWN, RNG: 5-50-33 Health Department 0.0783 0.78
ACRES: 22.53 PC Board of Svcs for Dev Disabled 0.1273 1.27
TAX DISTRICT#: 23 DELINQ YEARS: Mental Health 0.0979 0.98
GROUP CD: 0 M-CODE: 0 Mid-Continent Public Library 0.3963 3.96
PHYSICAL ADDRESS: 4400 NW 41ST ST Senior Citizen Levy 0.0490 0.49
TOTAL APPRAISED: 21,867,000 Park Hill School 5.3955 53.96
Property Description Parkville Special Road 0.2629 2.63
Metropolitan Community Colleges 0.2305 2.31
RIVERSIDE HORIZONS INDUSTRIAL V EAST 2ND LOT 6 M&M Replacement Tax 0.3600 3.60
RIVERSIDE HORIZONS INDUSTRIAL V EAST 2ND TIF 495,886.66
Riverside Quindaro Bend Levee 11,229.00
Assessed Land Assessed Structure SUBTOTALS Riverside Quindaro Bend Installment 7,125.96
Residential 0 0 0
Agricultural 0 0 0
Commercial 549,588 6.447,852 6,997,440
SUBTOTALS 549,588 6,447,852 6,997,440
TOTAL ASSESSED VALUATION 6,997 440
PAID
514,312.50
DatePrinted: 12/06/2018
VALIDATED BY
PLATTE COUNTY COLLECTOR
PLATTE COUNTY AUDITOR
DATE: 12/06/2018 AMOUNT PAID: 514,312.50 TRANSACTION#: 630050
REAL ESTATE TAX RECEIPTS CkWAIIINNOT
BE USED TO LICENSE VEHICLES
Date Printed: 12,106/2018
PLATTE COUNTY TAX RECEIPT
2018 REAL ESTATE
Sheila L. Palmer, Collector
Administrative Building
415 Third St. Room 212
Platte City, MO 64079
CITY OF RIVERSIDE PHONE: 816-858-3356
2950 NW VIVION RD
RIVERSIDE MO 64150-0000
Tax District Levy per$100 Total Tax
State Blind Pension Fund 0.0300 0.80
PARCEL ID#: 23-3.0-05-000-000-060.000 County 0.0600 1.60
SEC,TWN, RNG: 5-50-33 Health Department 0.0783 2.09
ACRES: 10.00 PC Board of Svcs for Dev Disabled 0.1273 3.40
TAX DISTRICT#: 23 DELINQ YEARS: Mental Health 0.0979 2.61
GROUP CD: 0 M-CODE: 0 Mid-Continent Public Library 0.3963 10.57
PHYSICAL ADDRESS: 4960 NW 41ST STREET Senior Citizen Levy 0.0490 1.31
TOTAL APPRAISED: 980,553 Park Hill School 5.3955 143.90
Property Description Parkville Special Road 0.2629 7.01
Metropolitan Community Colleges 0.2305 6.15
RIVERSIDE HORIZONS INDUSTRIAL VII EAST LOT 1 M&M Replacement Tax 0.3600 9.60
RIVERSIDE HORIZONS INDUSTRIAL VII EAST TIF 22,050.55
Riverside Quindaro Bend Levee 5,157.91
Assessed Land Assessed Structure SUBTOTALS Riverside Quindaro Bend Installment 3,273.23
Residential 0 0 0
Agricultural 0 0 0
Commercial 313,777 0 313,777
SUBTOTALS 313,777 0 313,777
TOTAL ASSESSED VALUATION 313,777
A
PAID "k,
30,670.73
Date Printed:02/25/2019
VALIDATED BY
PLATTE COUNTY COLLECTOR
PLATTE COUNTY AUDITOR
DATE: 12/20/2018 AMOUNT PAID: 30,670.73 TRANSACTION#: 633636
REAL ES TA TE TAX RECEIPTS CANNOT
BE USED TO LICENSE VEHICLES
GlAL
PLATTE COUNTY TAX RECEIPT
2018 REAL ESTATE
CODEC 1 2 2Utt
Sheila L. Palmer, Collector
Online @ www.plattecountycoIlector.com
Administrative Building
415 Third St. Room 212
HORIZONS OFFICE 1 LLC Platte City, MO 64079
% NORTH POINT DEVELOPMENT PHONE: 816-858-3356
4825 NW 41 ST ST STE 500
RIVERSIDE MO 64150-0000 Tax District Levy per$100 Total lax
State Blind Pension Fund 0.0300 0.01
PARCEL ID#: 23-3.0-08-000-000-017.000 County 0.0600 0.02
SEC,TWN, RNG: 8-50-33 Health Department 0.0783 0.03
ACRES: 2.21 PC Board of Svcs for Dev Disabled 0.1273 0.05
TAX DISTRICT#: 23 DELINGI YEARS: Mental Health 0.0979 0.04
GROUP CD: 0 M-CODE: 0 Mid-Continent Public Library 0.3963 0.16
PHYSICAL ADDRESS: Senior Citizen Levy 0.0490 0.02
TOTAL APPRAISED: 2,084,875 Park Hill School 5.3955 2.16
Property Description Parkville Special Road 0.2629 0.11
Metropolitan Community Coileges 0.2305 0.09
HORIZONS OFFICE ONE LOT 1 M&M Replacement Tax 0.3600 0.14
TIF 47,283.46
HORIZONS OFFICE ONE Riverside Quindaro Bend Levee 2,450.59
Assessed Land Assessed Structure SUBTOTALS Riverside Quindaro Bend Installment 1,555.15
Residential 0 0 0
Agricultural 0 0 0
Commercial 123,160 544,000 667,160
SUBTOTALS 123,160 544,000 667,160
TOTAL ASSESSED VALUATION 667,160
PAID
51,292.03
DatePrinted:
VALIDATED BY
PLATTE COUNTY COLLECTOR
PLATTE COUNTY AUDITOR
DATE: 12/10/2018 AMOUNT PAID:__ _. 51,292.03 TRANSACTION #: 630631
REAL ES TA TE TAX RECEIPTS CANNOT
BE USED TO LICENSE VEHICLES
Date Printed: 12/10/2018