City Enters Tax Contribution Agreement With TIF Commission for West Bottoms
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Description
Kansas City authorized a Cooperative Agreement and Tax Contribution Agreement with the Kansas City TIF Commission to govern payment and reimbursement of West Bottoms public infrastructure costs. The agreements support special obligation bond financing for the Somera Road West Bottoms redevelopment.
Contract Details
Vendor
KANSAS CITY TIF COMMISSION
Agency
KC Water, MO
Contract Type
FINANCIAL_SERVICES
Document Date
April 21, 2026
Contract Term
up to 30 years for tax contributions and reimbursements
Renewal Date
2056-12-31
Renewal Info
Agreement term aligned with the life of the TIF plan and associated special obligation bonds; up to 30 years of annual appropriations and reimbursements are anticipated.
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