ORDINANCE NO. 1321
AN ORDINANCE ADOPTING THE 2014 NEIGHBORHOOD REVITALIZATION PLAN AND DESIGNATING A NEIGHBORHOOD REVITALIZATION AREA.
WHEREAS, the City Council of the City of Oswego, Kansas, pursuant to the authority provided in K.S.A. 12-17,114 et seq.wishes to adopt a plan to assist the revitalization of certain designated areas of the City of Oswego; and
WHEREAS, the City Council of the City of Oswego pursuant to public notice held a public hearing on August 11, 2014 to hear and consider public comment on the Neighborhood Revitalization Plan.
NOW, THEREFORE, THE GOVERNING BODY OF THE CITY OF OSWEGO, KANSAS, ORDAINS:
SECTION 1. Neighborhood Revitalization Plan. The City Council does hereby adopt the Neighborhood Revitalization Plan, attached herein, labeled Exhibit A and incorporated by reference as if fully set forth herein.
SECTION 2. Designation of Neighborhood Revitalization Area. The City Council hereby designates the real property described in Article A of the Neighborhood Revitalization Plan as the Neighborhood Revitalization Area, finds that the following conditions exist within said Area: 1) A predominance of buildings which, by reason of dilapidation or obsolescence, are detrimental to public health, safety and welfare; 2) A substantial number of deteriorating structures which impair the sound growth of the City, retards the provision of housing, and constitutes an economic liability; and 3) A predominance of buildings which, by reason of age, history or architecture, are significant and should be restored to productive use, and finds that the rehabilitation, conservation, and redevelopment of said Area is necessary to protect the health, safety and welfare of the residents of the City of Oswego.
SECTION 3. Neighborhood Revitalization Fund. The City Council does hereby create a Neighborhood Revitalization Fund to finance the redevelopment of the revitalization area and to provide a rebate of property tax increments as set forth in the revitalization plan.
SECTION 4. Program Termination Date. The Neighborhood Revitalization Plan tax rebate program will terminate September 30, 2019.
SECTION 5. This ordinance shall take effect and be in force from and after its passage and publication once in the official city paper.
ADOPTED by the Governing Body and approved by the Mayor of the City of Oswego, Kansas, this 11thday of August, 2014.
Glenn Fischer, Mayor
Carol J. Eddington, City Clerk