The shared success fund

Kansas City Code § 74-7

in effect

Sec. 74-7. - The shared success fund (a) The Shared Success Fund, as initially constituted by ordinance no. 160383, shall be funded from certain payments in lieu of taxes distributed to and retained by the city, and which are derived from projects benefiting from tax abatements or tax redirections through an economic development agency or program ("Shared Success PILOTS"). (b) The direction of any one-time revenues to the Shared Success Fund shall be deemed an appropriate use pursuant to section 2-1970(g), Code of Ordinance. (c) The Shared Success PILOTS shall be deposited to the Shared Success Fund and shall be appropriated at the direction of the city council only to Shared Success Projects located within Shared Success Fund eligible areas. The city council's planning, zoning and economic development committee shall make such recommendations to the City Council as it determines appropriate in consultation with such representatives as the city manager and the economic development corporation of Kansas City, Missouri may identify for such purposes. (d) That the Shared Success Projects shall be located in a severely distressed census tract that has continuously maintained such status for not less than ten years immediately prior to the effective date of the request meeting. (e) the following limitations shall apply with respect to the Shared Success Fund: (1) In the event that the emergency reserve portion of the committed general fund balance shall fall below one month of general fund operating expenditures, then the director of finance shall be authorized, without further city council action, to suspend the direction of Shared Success PILOTS to the Shared Success Fund until such time as such minimum fund balance shall have been restored. (2) In the event that the emergency reserve portion of the committed general fund balance shall fall below one month of general fund operating expenditures, then no one-time revenues shall be directed to the Shared Success Fund until such time as such minimum fund balance shall have been restored. (3) In the event that the city council shall have adopted a budget that estimates and appropriates revenues which might otherwise be categorized as Shared Success PILOTS somewhere other than the Shared Success Fund, then only such portion of the actual revenues which exceeds the estimated revenues shall be directed to the Shared Success Fund. (Ord. No. 251058, § 6, 2-5-26)

Source: City of Kansas City, Missouri, Code of Ordinances, Charter and Zoning and Development Code (Municode Library, library.municode.com)URL: https://library.municode.com/mo/kansas_city/codes/code_of_ordinances?nodeId=COORKAMIVOII_CH74ECDEINPOPRCO_ARTIGE_S74-7THSHSUFUFetched: 10/28/2026