RECITALSAct Performance Agreement • March 18th, 2015 • Kansas
WHEREAS K.S.A. 12-17,114 et seq. and amendments thereto, also referred to as the Kansas Neighborhood Revitalization Act (the “Act”), provides for the creation of a Neighborhood Revitalization Area (“NRA”) to provide eligible taxpayers with a rebate of property tax increments authorized by the Act for taxpayers to improve aging and deteriorating property in the NRA, or otherwise stimulate new construction, or engage in the rehabilitation, conservation or redevelopment of an area in order to protect the public health, safety and welfare;
