§ 74-8. Ongoing monitoring; tax exemption.

(a)

The Kansas City Chapter 353 Advisory Board shall monitor the urban redevelopment corporation's compliance with the development agreement authorized by the city council and shall notify the director of city development in the event that there is cause to believe that the urban redevelopment corporation has failed to comply with such agreement, the development plan as the same may be amended, or the terms of any document submitted as part of its application to the board. The board may require such periodic reporting as it deems appropriate to enforce such obligation.

(b)

The terms of any tax exemption which the urban redevelopment corporation may be entitled to and the duration thereof shall in no event exceed that which is authorized by section 353.110, RSMo as amended.

(Ord. No. 140306 , § 2, 5-1-14)