Tax Abatement Application
LAND CLEARANCE FOR REDEVELOPMENT AUTHORITY
APPLICATION FOR CERTIFICATE OF QUALIFICATION FOR TAX ABATEMENT I.
DOCUMENTATION TO BE PROVIDED To apply to the Land Clearance for Redevelopment Authority of Kansas City, Missouri (the “Authority”) for a Certificate of Qualification for Tax Abatement, in accordance with the Land Clearance for Redevelopment Authority Law of Missouri, Section 99.300 through 99.715 R.S.Mo., 1986, as amended. Commercial and multi-family projects must have completed the Authority’s Design Review Process prior to starting construction or making application for tax abatement. The following documents are required to apply for tax abatement: ____
Construction plans and/or rehabilitation/renovation plans, and a description of the scope of work. All plans are subject to the Authority’s Design Review Process, a copy of which may be obtained from the Authority.
____ Copies of contractor’s invoice(s). If construction/rehabilitation is being done by homeowner, a breakdown and copies of receipts must be provided. ____
Building permit(s) (copies).
____ At least one 4” x 6” or 5” x 7” photo of the property. Photos are also acceptable on disk or in digital form (JPEG, TIFF OR GIF files). ____
Copy of a recently-recorded Deed of Conveyance and/or title insurance policy (sufficient to provide proof of interest held by the Applicant, and a proper legal description of subject property) and/or a copy of Applicant’s rent/lease agreement affecting the subject property.
____ A Check, made payable to the LCRA, for Final Plan Approval Fee and/or Tax Abatement Certificate Fee, in an amount based on the attached Section III. FEE SCHEDULE calculation. ____
This Application, completed and answered correctly and duly executed by the Applicant. The aforementioned documents must be filed with the Authority during the construction/rehabilitation period.
Note: Tax abatement is up to 100% of the increased taxes resulting from the rehabilitation or redevelopment project for a period of up to ten years — not an elimination of property taxes.
50542.v5
LCRA Tax Abatement Application
II.
INFORMATION TO BE COMPLETED The following questions must be completed and answered correctly: A.
Name and address of Applicant (if business, include Contact Name):
______________________________________________________________ ______________________________________________________________ ______________________________________________________________ __ Phone: ________________________________________________________ E-mail (if available): _____________________________________________ Applicant is (check one of the following): ______ a single individual ______ a husband and wife ______ a corporation duly created under the laws of ___________________________, (insert name of state) ______ a limited/general (circle one) partnership duly created under the laws of _______________________, (insert name of state) ______ other (describe) ____________________________________ Project type is (check one of the following): ______ single family residence ______ multi family residence ______ commercial ______ office ______ industrial B.
Common address(es) and legal description of property for which Certificate of Qualification for Tax Abatement is sought: Common Address:
______________________________________ ______________________________________
Legal Description:
______________________________________ ______________________________________ ______________________________________ ______________________________________
Parcel Number(s): C.
50542.v5
Applicant’s interest in property (check one): _______ fee simple title ownership _______ rents/leases property pursuant to lease which is attached
2
LCRA Tax Abatement Application
D.
Property/Blighted Area: The property is within a blighted area, known as the ______________ _______________________________ Urban Renewal Area (“Area”) and such Area has been declared blighted, pursuant to R.S.Mo Section 99.320-430, in the __________________________________ Urban Renewal Plan (“Plan”).
E.
New Construction/Rehabilitation Indicate whether Applicant is engaged in one or more of the following activities which must be in accordance with the plan, above referenced _______ New construction _______ Rehabilitation and/or renovation
F.
Date the new construction or rehabilitation _______________. Anticipated date of completion: _____________.
work
started:
G.
Name of Builder: ________________________________________.
H.
Lot size:
I.
Number of floors (levels): _____________ Gross square feet per floor:______________ Total Square Feet: ____________________
J.
Number of bedrooms: _______ Number of bathrooms: _______
K.
Is there a garage? _______Y or ______N. If Yes, is it attached? ______Y or ______ N. Number of bays _________.
L.
Is there a basement? ______Y or ______N. If Yes, is it finished? ______Y or ______ N.
M.
List other amenities:
__________________________.
________________________________________________________ N.
50542.v5
The total estimated cost of the rehabilitation or new construction is: $______________. Copies of contractor’s invoice(s) must be included. If construction/rehabilitation is being done by homeowner, a breakdown and copies of receipts must be provided.
3
LCRA Tax Abatement Application
III.
FEE SCHEDULE The Fee Schedule for issuance of the Authority’s Certificate of Qualification for Tax Abatement is as follows: Tax Abatement Certificate Fee 1. Single Family ($5,000-$25,000 rehabilitation costs) ................. $ 30.00 Single Family (more than $25,000)............................................ $130.00 Multi-Family ............................................... No. of units x $130.00/unit 2. Commercial property is $.065 of gross square footage of buildings/ improvements. Final Plan Review Fee 1. The Final Plan Review Fee for commercial, mixed use, and multifamily property is equal to .0025 of project construction cost. 2. There is no Final Plan Review Fee for single family property. Payment of Fees Payment is required at the time the application is submitted to the Authority. All checks must be made payable to: Land Clearance for Redevelopment Authority 1100 Walnut, Suite 1700 Kansas City, Missouri 64106
Please calculate the correct amount of fees to be submitted below: Single Family Project (Rehabilitation Costs between $5,000-$25,000) $30.00............................................................................................... $__________ Single Family Project (with Rehabilitation/Constructions Costs more than $25,000) $130.00.............................................................................................. $__________ For Multi-Family Projects: No. of Residential Units _____ x $120.30 0 $130 ............................................... $__________ Final Plan Review Fee: $________________ x .002 .0025........................... $__________ 0 (Construction Cost)
Commercial Property Only: Building/Improvements Sq. Ft. ____________ x $.06/sq. ft. ft. ................ $__________ .065 /sq. 0 Final Plan Review Fee: $________________ x .002 .0025........................... $__________ 0 (Construction Cost)
Mixed-Use (residential and commercial) Projects Only: 0 No. of Residential Units ______ x $130 $130................................................ $__________ 0 Total Commercial Sq. Ft. ___________ x $.06/sq. ft. ........................... $__________ ft. .065 /sq. Final Plan Review Fee: $________________ x .0025 .002 ........................... $__________ 0 (Construction Cost)
50542.v5
TOTAL FEES PAYABLE ..................................... $__________ $0 LCRA Tax Abatement Application 4
IV.
RESPONSE The Authority will consider your application, if fully completed and if all necessary information is provided. After the Authority’s staff has had adequate time to review the applicant’s plans and other information, an inspection of the improvements will be necessary. If this application is approved by the Authority, the Authority will file copies of the Certificate of Qualification for Tax Abatement with the City and County Assessors. The Authority will then forward a fully executed copy of the Certificate (including acknowledgements of receipt by the City and County) to the Applicant at its address given above. The undersigned has read and reviewed this application and the information and documents submitted herewith, and the same are true and correct, as of this _______ day of _______________, 20____.
APPLICANT’S SIGNATURE: Individual/Husband and Wife:
By:________________________________ ________________________________ (Print Name) By:________________________________ ________________________________ (Print Name)
Corporation: __________________________________ (Name of Corporation) a __________________ corporation (State)
[Seal] ATTEST: By:
_______________________
By:________________________________
Title: _______________________
Title:_______________________________
Partnership: __________________________________ (Name of Partnership) a general/limited partnership ATTEST: By: _______________________
By: _______________________________
Title: _______________________
Title:_______________________________
50542.v5
5
LCRA Tax Abatement Application
APPLICATION FOR CERTIFICATE OF QUALIFICATION FOR TAX ABATEMENT I.
DOCUMENTATION TO BE PROVIDED To apply to the Land Clearance for Redevelopment Authority of Kansas City, Missouri (the “Authority”) for a Certificate of Qualification for Tax Abatement, in accordance with the Land Clearance for Redevelopment Authority Law of Missouri, Section 99.300 through 99.715 R.S.Mo., 1986, as amended. Commercial and multi-family projects must have completed the Authority’s Design Review Process prior to starting construction or making application for tax abatement. The following documents are required to apply for tax abatement: ____
Construction plans and/or rehabilitation/renovation plans, and a description of the scope of work. All plans are subject to the Authority’s Design Review Process, a copy of which may be obtained from the Authority.
____ Copies of contractor’s invoice(s). If construction/rehabilitation is being done by homeowner, a breakdown and copies of receipts must be provided. ____
Building permit(s) (copies).
____ At least one 4” x 6” or 5” x 7” photo of the property. Photos are also acceptable on disk or in digital form (JPEG, TIFF OR GIF files). ____
Copy of a recently-recorded Deed of Conveyance and/or title insurance policy (sufficient to provide proof of interest held by the Applicant, and a proper legal description of subject property) and/or a copy of Applicant’s rent/lease agreement affecting the subject property.
____ A Check, made payable to the LCRA, for Final Plan Approval Fee and/or Tax Abatement Certificate Fee, in an amount based on the attached Section III. FEE SCHEDULE calculation. ____
This Application, completed and answered correctly and duly executed by the Applicant. The aforementioned documents must be filed with the Authority during the construction/rehabilitation period.
Note: Tax abatement is up to 100% of the increased taxes resulting from the rehabilitation or redevelopment project for a period of up to ten years — not an elimination of property taxes.
50542.v5
LCRA Tax Abatement Application
II.
INFORMATION TO BE COMPLETED The following questions must be completed and answered correctly: A.
Name and address of Applicant (if business, include Contact Name):
______________________________________________________________ ______________________________________________________________ ______________________________________________________________ __ Phone: ________________________________________________________ E-mail (if available): _____________________________________________ Applicant is (check one of the following): ______ a single individual ______ a husband and wife ______ a corporation duly created under the laws of ___________________________, (insert name of state) ______ a limited/general (circle one) partnership duly created under the laws of _______________________, (insert name of state) ______ other (describe) ____________________________________ Project type is (check one of the following): ______ single family residence ______ multi family residence ______ commercial ______ office ______ industrial B.
Common address(es) and legal description of property for which Certificate of Qualification for Tax Abatement is sought: Common Address:
______________________________________ ______________________________________
Legal Description:
______________________________________ ______________________________________ ______________________________________ ______________________________________
Parcel Number(s): C.
50542.v5
Applicant’s interest in property (check one): _______ fee simple title ownership _______ rents/leases property pursuant to lease which is attached
2
LCRA Tax Abatement Application
D.
Property/Blighted Area: The property is within a blighted area, known as the ______________ _______________________________ Urban Renewal Area (“Area”) and such Area has been declared blighted, pursuant to R.S.Mo Section 99.320-430, in the __________________________________ Urban Renewal Plan (“Plan”).
E.
New Construction/Rehabilitation Indicate whether Applicant is engaged in one or more of the following activities which must be in accordance with the plan, above referenced _______ New construction _______ Rehabilitation and/or renovation
F.
Date the new construction or rehabilitation _______________. Anticipated date of completion: _____________.
work
started:
G.
Name of Builder: ________________________________________.
H.
Lot size:
I.
Number of floors (levels): _____________ Gross square feet per floor:______________ Total Square Feet: ____________________
J.
Number of bedrooms: _______ Number of bathrooms: _______
K.
Is there a garage? _______Y or ______N. If Yes, is it attached? ______Y or ______ N. Number of bays _________.
L.
Is there a basement? ______Y or ______N. If Yes, is it finished? ______Y or ______ N.
M.
List other amenities:
__________________________.
________________________________________________________ N.
50542.v5
The total estimated cost of the rehabilitation or new construction is: $______________. Copies of contractor’s invoice(s) must be included. If construction/rehabilitation is being done by homeowner, a breakdown and copies of receipts must be provided.
3
LCRA Tax Abatement Application
III.
FEE SCHEDULE The Fee Schedule for issuance of the Authority’s Certificate of Qualification for Tax Abatement is as follows: Tax Abatement Certificate Fee 1. Single Family ($5,000-$25,000 rehabilitation costs) ................. $ 30.00 Single Family (more than $25,000)............................................ $130.00 Multi-Family ............................................... No. of units x $130.00/unit 2. Commercial property is $.065 of gross square footage of buildings/ improvements. Final Plan Review Fee 1. The Final Plan Review Fee for commercial, mixed use, and multifamily property is equal to .0025 of project construction cost. 2. There is no Final Plan Review Fee for single family property. Payment of Fees Payment is required at the time the application is submitted to the Authority. All checks must be made payable to: Land Clearance for Redevelopment Authority 1100 Walnut, Suite 1700 Kansas City, Missouri 64106
Please calculate the correct amount of fees to be submitted below: Single Family Project (Rehabilitation Costs between $5,000-$25,000) $30.00............................................................................................... $__________ Single Family Project (with Rehabilitation/Constructions Costs more than $25,000) $130.00.............................................................................................. $__________ For Multi-Family Projects: No. of Residential Units _____ x $120.30 0 $130 ............................................... $__________ Final Plan Review Fee: $________________ x .002 .0025........................... $__________ 0 (Construction Cost)
Commercial Property Only: Building/Improvements Sq. Ft. ____________ x $.06/sq. ft. ft. ................ $__________ .065 /sq. 0 Final Plan Review Fee: $________________ x .002 .0025........................... $__________ 0 (Construction Cost)
Mixed-Use (residential and commercial) Projects Only: 0 No. of Residential Units ______ x $130 $130................................................ $__________ 0 Total Commercial Sq. Ft. ___________ x $.06/sq. ft. ........................... $__________ ft. .065 /sq. Final Plan Review Fee: $________________ x .0025 .002 ........................... $__________ 0 (Construction Cost)
50542.v5
TOTAL FEES PAYABLE ..................................... $__________ $0 LCRA Tax Abatement Application 4
IV.
RESPONSE The Authority will consider your application, if fully completed and if all necessary information is provided. After the Authority’s staff has had adequate time to review the applicant’s plans and other information, an inspection of the improvements will be necessary. If this application is approved by the Authority, the Authority will file copies of the Certificate of Qualification for Tax Abatement with the City and County Assessors. The Authority will then forward a fully executed copy of the Certificate (including acknowledgements of receipt by the City and County) to the Applicant at its address given above. The undersigned has read and reviewed this application and the information and documents submitted herewith, and the same are true and correct, as of this _______ day of _______________, 20____.
APPLICANT’S SIGNATURE: Individual/Husband and Wife:
By:________________________________ ________________________________ (Print Name) By:________________________________ ________________________________ (Print Name)
Corporation: __________________________________ (Name of Corporation) a __________________ corporation (State)
[Seal] ATTEST: By:
_______________________
By:________________________________
Title: _______________________
Title:_______________________________
Partnership: __________________________________ (Name of Partnership) a general/limited partnership ATTEST: By: _______________________
By: _______________________________
Title: _______________________
Title:_______________________________
50542.v5
5
LCRA Tax Abatement Application
