EIGHTH AMENDMENT TO THE PARVIN ROAD CORRIDOR TIF PLAN TAX INCREMENT FINANCING PLAN

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2 EIGHTH AMENDMENT TO THE PARVIN ROAD CORRIDOR TIF PLAN TAX INCREMENT FINANCING PLAN I. Introduction The purpose of the Eighth Amendment to the Parvin Road Corridor Tax Increment Financing Plan (hereinafter the Eighth Amendment ) is to amend the Parvin Road Tax Increment Financing Plan as adopted by the City Council of Kansas City, Missouri by way of Ordinance No (hereinafter the Plan ) and the First Amendment by Ordinance No , the Third Amendment by Ordinance No , the Fourth Amendment by Ordinance No , the Fifth Amendment by Ordinance No , the Sixth Amendment by Ordinance No and the Seventh Amendment by Ordinance No A Second Amendment was withdrawn by the developer prior to TIF Commission s consideration. The Eighth Amendment provides for modifications to the budget of Redevelopment Project Costs; expands the plan boundary to the north and east; expands the boundary on the south along NE Birmingham Rd and N Arlington Avenue; expands the boundaries of Project 4; and modifies the Acquisition & Disposition Exhibit to include additional properties for acquisition. The net impact of the line-item changes do not result in an overall increase in Reimbursable Costs. The Eighth Amendment does not alter or modify the intent of the Plan, except for those changes specifically mentioned herein. II. Specific Amendments In accordance with this Eighth Amendment, the Plan shall be amended as follows: Amendment No. 1: Delete the first sentence of Section III. B. Redevelopment Area and insert the following: The Redevelopment Area is an irregularly shaped area containing approximately 1,418 gross acres of surface area and approximately 315 acres of subsurface area. Amendment No. 2: Delete Section III. E. Estimated Completion Dates and insert the following: As set forth in the Redevelopment Schedule attached as Exhibit 6, construction of all Project Improvements is expected to be completed by the year In any event, the completion of any redevelopment project will occur no later than twenty-three (23) years from the adoption of the ordinance approving the Redevelopment Project within the Redevelopment Area, provided no ordinance approving a Redevelopment Project shall be adopted later than ten (10) years from the adoption of the ordinance approving the Redevelopment Plan. Amendment No. 3: Delete the first sentence of Section XII of the Plan, entitled, Acquisition and Disposition, and replace it with the following: The Plan anticipates that it may be necessary to acquire those properties on the three maps attached as Exhibit 13, which, by virtue of this Eighth {File: EDCKC/60/HUN/PARDCORR/540/ DOC / 2}{File: EDCKC/60/HUN/PARDCORR/540/ DOC

3 Amendment, shall include four (4) additional parcels of real property for right-ofway that is necessary in connection with improvements to NE Birmingham Road and N Arlington Avenue. Amendment No. 4: Delete the overall Legal Description for the Parvin Road TIF Plan set forth on Exhibit 1, entitled Legal Description of Redevelopment Area and Projects, and insert in its place the attached Exhibit 1A: Legal Descriptions (Overall). Amendment No. 5: Delete the Legal Description for Project 4 that is set forth on Exhibit 1, entitled, Legal Description of Redevelopment Area and Projects, and insert in its place the revised legal description for Project 4, which is attached hereto as Exhibit 1B. Amendment No. 6: Insert the maps, attached hereto as Exhibit 2 to Exhibit 2A of the Plan, entitle, Site Plan. Amendment No. 7: Delete Objective #1-2 of Exhibit 3 of the Plan, Specific Objectives of the Redevelopment Plan, and insert the following language in its place: 1. To provide improved public infrastructure to serve approximately 1,418 acres of surface area and approximately 315 acres of subsurface area. 2. To create an additional 6,838 jobs and retain 4,403 jobs with a total anticipated annual payroll of $ 228,374,545. Amendment No. 8: Delete the Project Area 4 table from Exhibits 4A & 4B and replace with the attached Exhibit 4, entitled, Construction and Employment Information for Project 4. Amendment No. 9: Delete Exhibit 5 of the Plan, entitled Estimated Redevelopment Project Costs, and insert Revised Exhibit 5, attached hereto. Amendment No. 10: Delete Exhibit 6 of the Plan, entitled Estimated Redevelopment Schedule, and insert Revised Exhibit 6, attached hereto. Amendment No. 11: Insert the attached Exhibit 12 as a Supplement to the Existing Conditions Study. Amendment No. 12: Insert the attached Exhibit 13 as a Supplement to the Acquisition & Disposition. {File: EDCKC/60/HUN/PARDCORR/540/ DOC / 2}{File: EDCKC/60/HUN/PARDCORR/540/ DOC

4 August 12, 2000 Revised August 1, 2002 Revised April 4, 2013 Revised April 8, 2013 LEGAL DESCRIPTION: Overall Amendment No. 4: EXHIBIT 1A: OVERALL LEGAL DESCRIPTION All that part of Sections 1, 2, 3, 9 and 10 and 11, Township 50, Range 32 and all that part of Sections 34, 35 and 36, Township 51, Range 32, including all or part of Lindeman Addition, Phister Place, Hiltons Addition, Great Midwest Industrial Park District 2 all being in Kansas City, Clay County, Missouri, being described as follows: Beginning at the Southwest corner of the Southeast Quarter of said Section 2; thence North 0 o 39'53" East, along the West line of said Southeast Quarter, feet; thence South 89 o 16'30" East, feet; thence North 0 o 39'53" East, feet; thence South 89 o 16'30" East, feet; thence North 0 o 39'53" East, feet; thence South 89 o 16'30" East, feet; thence South 0 o 39'53" West, feet to a point on the South line of the Southeast Quarter of said Section 2; thence South 89 o 16'30" East, along said South line, feet; thence North 0 o 39'53" East, feet; thence North 89 o 16'30" West, feet; thence North 0 o 39'53" East, feet; thence South 89 o 16'30" East, feet; thence South 0 o 34'55" West, feet; thence South 89 o 16'30" East, feet; thence South 0 o 34'55" West, feet; thence South 89 o 16'30" East, feet; thence North 0 o 34'55" East, feet; thence South 89 o 16'30" East, feet; thence South 0 o 34'55" West, feet; thence North 43 o 51'10" East, feet; thence North 55 o 51'10" East, feet; thence North 1 o 38'00" East, feet; thence South 25 o 35'49" East, feet; thence South 78 o 10'10" East, feet; thence North 78 o 20'20" East, feet to the East line of the Southeast Quarter of said Section 2; thence North 0 o 28'03" East, along said East line, feet to the Southwest corner of the Northwest Quarter of said Section 1; thence South 89 o 19'19" East, along the South line of said Northwest Quarter, feet; thence North 20 o 13'16" East, feet; thence Northerly, along a curve to the left, having an initial tangent bearing of North 11 o East, with a radius of feet, an arc distance of feet; thence North 16 o 26'47" West, feet; thence Northerly, along a curve to the right, tangent to the last described course, having a radius of feet, an arc distance of feet; thence Northerly and Northwesterly, along a curve to the left, having a common tangent with the last described course, a radius of feet, an arc distance of feet; thence South 90 o 00'00" West, feet; thence South 70 o 33'00" West, feet; thence Southerly, along a curve to the right, having an initial tangent bearing of South 19 o 27'00" East, a radius of feet, an arc distance of feet; thence North 88 º 53'15" West, feet; thence South 01º18 48 West, feet; thence North 88 o 41'15" West, feet; thence North 11 o 43'48" West, feet; thence South 78 o 16'12" West, feet; thence South 26 o 36'29" East, feet; thence South 63 o 23'31" West, feet; thence North 26 o 36'29" West, {File: EDCKC/60/HUN/PARDCORR/540/ DOC /}{File: EDCKC/60/HUN/PARDCORR/540/ DOC

5 feet; thence South 60 o 10'24" West, feet; thence South 29 o 49'36" East, feet; thence South 66 o 45'36" West, feet; thence North 89 o 19'10" West, feet; thence South 0 o 40'50" West, feet to a point on the Northerly rightof-way line of Northeast Parvin Road, as now established; thence Westerly, along said Northerly right-of-way line, on a curve to the right, having an initial tangent bearing of South 86 o 08'58" West, a radius of feet, an arc distance of feet; thence North 89 o 40'04" West, feet; thence Westerly, along a curve to the left, tangent to the last described course, having a radius of feet, an arc distance of feet to a point on the Easterly right-of-way line of Interstate Route 435, as now established; thence South 1 o 02'56" East, along said Easterly right-of-way line, feet; thence South 20 o 08'51" West, along said Westerly right-of-way line, feet; thence South 28 o 20'34" West, along said Easterly right-of-way line, feet; thence South 51 o 24'14" West, along said Easterly right-of-way line, feet; thence South 29 o West, along said Westerly right-of-way line, feet; thence South 16 o 38'31" West, along said Easterly right-of-way line, feet; thence Southerly along said Easterly right-of-way line, on a curve to the right, having an initial tangent bearing of South 5 o 10'25" West, a radius of feet, an arc distance of feet; thence South 20 o 40'32" West, along said Easterly right-of-way line, feet; thence South 89 o 21'01" East, along said Easterly right-of-way line, feet; thence South 0 o 21'20" West, along said Easterly right-of-way line, feet to a point the Northerly right-of-way line of Missouri Route 210, as now established; thence Easterly, along said Northerly right-of-way line, on a curve to the right, having an initial tangent bearing of North 78 o 49'19" East, a radius of feet, an arc distance of feet; thence North 77 o 05'48" East, feet; thence Southeasterly, along said North right-of-way line, on a curve to the right, having an initial tangent bearing of South 85 o 27'19" East, a radius of feet, an arc distance of feet; thence South 54 o 41'24" East, along said Northerly right-of-way line feet to a point on the South line of the Northwest Quarter of said Section 10; thence South 89 o 29'10" East, along said South line, feet to the Northwest corner of the Southeast Quarter of said Section 10; thence South 0 o 24'25" West, along the West line of said Southeast Quarter, feet to a point on the aforementioned Northerly right-of-way line of Missouri Route 210; thence South 54 o 54'10" East, along said Northerly right-of-way line, feet; thence South 32 o 46'10" East, along said Northerly right-of-way line, feet; thence South 54 o 54'10" East, along said Northerly right-of-way line, feet; thence South 33 o 30'00" East, along said Northerly right-of-way line feet; thence Easterly, along said Northerly right-of-way line, on a curve to the left, having an initial tangent bearing of South 61 o 20'38" East, a radius of feet, an arc distance of feet; thence South 89 o 00'00" East, along said Northerly right-of-way line, feet; thence North 89 o 39'25" East, along said Northerly right-of-way line, feet; thence South 88 o 42'39" East, along said Northerly right-of-way line, feet; thence North 87 o 00'00" East, feet; thence South 88 o 42'39" East, along said Northerly right-ofway line, feet to a point on the Northwesterly right-of-way line of the Chicago, Milwaukee, St. Paul and Pacific Railroad; thence North 45 o 41'42" East, along said Northwesterly right-of-way line, feet to a point on the West line of the Northeast Quarter of said Section 11; thence North 00 o 13'34" East, along said West line, feet; thence Northeasterly, along a curve to the left, having an initial tangent bearing of {File: EDCKC/60/HUN/PARDCORR/540/ DOC /}{File: EDCKC/60/HUN/PARDCORR/540/ DOC

6 North 63 º 58'30" East, a radius of feet, an arc distance of feet; thence Northeasterly, along a curve to the left, having an initial tangent bearing of North 61º56'35" East, a radius of feet, an arc distance of feet; thence North 47 o 51'24" East, feet; thence Northeasterly, along a curve to the right, having an initial tangent bearing of North 47º47'37" East, a radius of feet, an arc distance of feet; thence South 89º19'22" East, feet; thence Southeasterly, along a curve to the right, having an initial tangent bearing of South 20º21'24" East, a radius of feet, an arc distance of feet; thence North 45º39'09" East, feet; thence North 18º46'42" West, feet; thence Northeasterly, along a curve to the left, having an initial tangent bearing of North 45º22'10" East, a radius of feet, an arc distance of feet; thence Northeasterly, along a curve to the right, having an initial tangent bearing of North 18º09'12" East, a radius of feet, an arc distance of feet; thence North 47º51 24 East, feet; thence North 42º08 36 West, feet; thence South 47º51 24 West, feet; thence North 37º53 53 West, feet; thence North 41 o 26'08" West, feet; thence South 48 o 33'52" West, feet; thence North 41 o 26'08" West, feet; thence South 48 o 33'52" West, feet; thence South 41 o 26'08" East, feet; thence South 48 o 33'52" West, feet; thence North 89 o 16'30" West, feet; thence North 0 o 13'34" East, feet; thence North 89 o 16'30" West, feet; thence South 0 o 13'34" West, feet; thence North 89 o 16'30" West, feet to a point on the West line of the Northeast Quarter of said Section 11; thence North 0 o 13'34" East, along said West line, feet; thence South 89 o 16'30" East, feet; thence North 0 o 13'34" East, feet, to a point on the North line of said Northeast Quarter; thence North 89 o 16'30" West, along said North line, feet to the Point of Beginning. Containing acres, more or less. Except that part conveyed by Document Number E 66951, in Book 1523 at Page 75 and except that part condemned by Wabash Railroad Company in Case Number in the Circuit Court of Clay County, Missouri, a certified copy of the Commissioners Report being filed as Document B and of Record in Book 720 at Page 224 in said Recorders Office. And all that part of the Southeast Quarter of Section 4, the Northeast Quarter and the Southeast Quarter of Section 9, Township 50, Range 32, Kansas City, Clay County, Missouri, being described as follows: Commencing at the Northwest corner of the Northeast Quarter of said Section 9; thence South 0 o West, along the West line of said Northeast Quarter, feet to the Southwest corner of Bennington Crest, a subdivision of land in Kansas City, Clay County, Missouri, said point being the True Point of Beginning of the tract to be herein described; thence South 89 o East, along the South line of said Bennington Crest, feet; thence North 68 o East, along said South line, feet; thence North 22 o West, along the Easterly line of said Bennington Crest, feet; thence North 04 o West, along said Easterly line, feet; thence North 35 o East, along said Easterly line, feet; thence North 70 o West, along the Southerly line of Block 1, said Bennington Crest, feet; thence North 80 o West, along said South line, feet; thence North 0 o East, feet; thence Easterly, along the Southerly right-ofway line of Parvin Road, on a curve to the right, having an initial tangent bearing of South 85 o East, a radius of feet, an arc distance of feet; thence South 66 o East, along said Southerly right-of-way line, feet; thence {File: EDCKC/60/HUN/PARDCORR/540/ DOC /}{File: EDCKC/60/HUN/PARDCORR/540/ DOC

7 Easterly, along said Southerly right-of-way line and the Northerly line of Waffle House at Parvin Road, a subdivision of land in Kansas City, Clay County, Missouri, on a curve to the left, tangent to the last described course, having a radius of feet, an arc distance of feet; thence South 10 o West, along said Northerly line, feet; thence South 62 o East, along said Northerly line, feet; thence South 01 o West, along the Westerly right-of-way line of Interstate Route 435, as now established, and the Easterly line of said Waffle House at Parvin Road, feet; thence South 21 o West, along said Westerly right-of-way line, feet; thence South 16 o East, along said Westerly right-of-way line, feet; thence South 05 o West, along said Westerly right-of-way line, feet; thence South 20 o West, along said Westerly right-of-way line, feet; thence South 27 o West, along said Westerly right-of-way line feet; thence South 67 o West, along said Westerly right-of-way line, feet; thence South 20 o West, along said Westerly right-of-way line, feet; thence North 89 o West, feet; thence South 0 o West, feet to its intersection with said Westerly right-of-way line; thence South 49 o West, along said Westerly right-of-way line, feet; thence South 69 o West, along said Westerly rightof-way line, feet; thence South 41 o West, along said Westerly right-of-way line, feet; thence South 64 o West, feet to its intersection with the West line of the East one-half of said Section 9; thence North 0 o East, along said West line, feet to the True Point of Beginning. Containing acres, more or less. And all that part of the Northeast Quarter and all that part of the Southeast Quarter of Section 4, Township 50, Range 32, Kansas City, Clay County, Missouri, being described as follows: Beginning at the Northeast corner of the Southeast Quarter of said Section 4; thence South 0 o West, along the East line of Great Midwest Commerce Center- District 1, a subdivision of land in Kansas City, Clay County, Missouri, feet to the Southeast corner thereof; thence South 88 o West, along the Southerly line of said Great Midwest Commerce Center-District 1, feet; thence Northwesterly, along said Southerly line, on a curve to the right, tangent to the last described course, having a radius of feet, an arc distance of feet; thence North 66 o West, along said Southerly line, feet; thence North 23 o East, along the Westerly line of Lot 3, said Great Midwest Commerce Center-District 1 and its Southerly prolongation, feet to the Northwest corner thereof; thence South 75 o East, along the Northerly line of said Lot 3, feet to its intersection with the Westerly right-of-way line of N. Corrington Avenue, as now established; thence North 22 o East, along said Westerly right-of-way line, feet; thence Northerly, along a curve to the left, tangent to the last described course, having a radius of feet, an arc distance of feet; thence North 0 o East, along said Westerly right-of-way line, feet; thence North 89 o West, feet; thence North 0 o East, feet to a point on the North line of the Southeast Quarter of said Northeast Quarter; thence South 89 o East, feet to a point on the East line of said Northeast Quarter; thence South 0 o West, along said East line, feet to the Point of Beginning. Containing acres, more or less. Except that portion on the East and South being used for road right-of-way. {File: EDCKC/60/HUN/PARDCORR/540/ DOC /}{File: EDCKC/60/HUN/PARDCORR/540/ DOC

8 And all that part of Section 10 and 11, Township 50, Range 32, Kansas City, Clay County, Missouri, lying above the Winterset Ledge of limestone rock, being described as follows: Commencing at the Southeast corner of the Southeast Quarter of said Section 10; thence North 89 o West, along the South line of said Southeast Quarter, feet to a point on the Northwesterly right-of-way line of the Chicago, Milwaukee, St. Paul and Pacific Railroad, said point being the True Point of Beginning of the tract to be herein described; thence continuing North 89 o West, along said South line, feet; thence North 0 o East, feet to its intersection with the Southerly rightof way line of Missouri Route No. 210, as now established; thence South 88 o East, along said Southerly right-of-way line, feet; thence North 39 o East, along said Southerly right-of-way line, feet; thence South 88 o East, along said Southerly right-of-way line, feet to its intersection with the Northwesterly line of the aforementioned Chicago, Milwaukee, St. Paul and Pacific Railroad; thence South 45 o West, along said Northerly right-of-way line, feet to the True Point of Beginning. Containing acres, more or less. The aggregate total area of the above described tracts of land containing 1, acres, more or less. {File: EDCKC/60/HUN/PARDCORR/540/ DOC /}{File: EDCKC/60/HUN/PARDCORR/540/ DOC

9 Amendment No. 5 EXHIBIT 1B: PROJECT LEGAL DESCRIPTION Project Area 4 August 14, 2000 Revised April 4, 2013 LEGAL DESCRIPTION: All that part of Sections 1 and 2, Township 50 North, Range 32 West of the 5 th Principal Meridian in Kansas City, Clay County, Missouri, being bounded and described as follows: Beginning at the Southwest corner of the Northwest Quarter of said Section 1, said point also being on the Kansas City, Missouri, City Limits; thence South 00 28'03" West, along the West line of the Southwest Quarter of said Section 1 and along said City Limits, 1, feet; thence South 78 20'20" West, feet; thence North 78 10'10" West, feet; thence North 25 35'49" West, feet; thence South 01 38'00" West, feet; thence South 55 51'10" West, feet; thence South 43 51'10" West, feet; thence North 00 34'55" East, feet; thence North 89 16'30" West, feet; thence South 00 34'55" West, feet; thence North 89 16'30" West, feet; thence North 00 34'55" East, feet; thence North 89 16'30" West, feet; thence North 00 34'55" East, feet; thence North 88 40'49" West, feet; thence North 01 18'48" East, 1, feet; thence North 69 56'38" East, feet; thence North 20 03'22" West, feet; thence North 01 18'48" East, feet; thence South 77 04'50" West, feet; thence North 88 41'15" West, feet; thence North 01 18'48" East, 1, feet; thence South 88 53'15" East, 3, feet; thence South 01 06'45" West, 1, feet to a point on the South line of said Northwest Quarter, said point also being on said City Limits; thence North 89 19'19" West, along said South line and along said City Limits, feet to the Point of Beginning. Containing 8,357,354 square feet or acres, more or less. {File: EDCKC/60/HUN/PARDCORR/540/ DOC /}{File: EDCKC/60/HUN/PARDCORR/540/ DOC

10 Amendment No. 6: Exhibit 2 {File: EDCKC/60/HUN/PARDCORR/540/ DOC /}{File: EDCKC/60/HUN/PARDCORR/540/ DOC

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13 Amendment No. 8: Exhibit 4: Project Area 4 {File: EDCKC/60/HUN/PARDCORR/540/ DOC /}{File: EDCKC/60/HUN/PARDCORR/540/ DOC

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16 Amendment No. 9: Exhibit 5 Estimated Redevelopment Project Costs {File: EDCKC/60/HUN/PARDCORR/540/ DOC /}{File: EDCKC/60/HUN/PARDCORR/540/ DOC

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18 Amendment No. 10: Exhibit 6: Development Schedule {File: EDCKC/60/HUN/PARDCORR/540/ DOC /}{File: EDCKC/60/HUN/PARDCORR/540/ DOC

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20 Amendment No. 11: Exhibit 12: Supplement to the Existing Conditions Study {File: EDCKC/60/HUN/PARDCORR/540/ DOC /}{File: EDCKC/60/HUN/PARDCORR/540/ DOC

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