ORDINANCE NO. 52-745 AN ORDINANCE OF THE CITY OF WICHITA, KANSAS ESTABLISHING THE SOCE CORNER COMMUNITY IMPROVEMENT DISTRICT; AUTHORIZING THE MAKING OF CERTAIN PROJECT IMPROVEMENTS RELATING THERETO; APPROVING THE ESTIMATED COSTS OF SUCH PROJECT IMPROVEMENTS; LEVYING A 2.0% CID SALES TAX; PROVIDING FOR THE METHOD OF FINANCING THE SAME; AND AUTHORIZING THE EXECUTION OF A DEVELOPMENT AGREEMENT RELATING THERETO. WHEREAS, the provisions of K.S.A. 12-6a26 et seq., as amended, (the “Act”) set forth the procedure for the establishment of a community improvement district; and WHEREAS, pursuant to the Act, a petition (the “Petition”) was filed with the City Clerk of the City of Wichita, Kansas (the “City”), which Petition proposes the creation of a community improvement district (the “SoCe Corner Community Improvement District”), the completion of a project therein consisting of improvements and renovations to multiple buildings containing approximately 20,000 square feet of commercial and office space and five residential units, and other items eligible for reimbursement under the Act (collectively the “CID Project”), provides the estimated cost of the CID Project, and proposes the imposition of a community improvement district sales tax in the amount of 2.0% (the “CID Sales Tax”); and WHEREAS, the Act provides that prior to creating a community improvement district, the City Council of the City (the “Governing Body”) shall, by resolution, direct and order a public hearing on the advisability of the creation of such community improvement district; and WHEREAS, the Governing Body adopted Resolution No. 25-222 (the “Resolution”) on May 13, 2025, directing that a public hearing on the proposed SoCe Corner Community Improvement District be held June 10, 2025, and directing the City Clerk to provide for notice of such public hearing as set forth in the Act; and WHEREAS, the Resolution was published once each week for two consecutive weeks in the official newspaper of the City and notice of the hearing regarding the creation of the SoCe Corner Community Improvement District was given to all property owners within the proposed SoCe Corner Community Improvement District in accordance with the Act. NOW THEREFORE, BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY OF WICHITA, KANSAS: Section 1. Creation of the SoCe Corner Community Improvement District; Authorization of CID Project. The Governing Body hereby creates the SoCe Corner Community Improvement District within the City and approves the boundaries thereof. A legal description of the property within the SoCe Corner Community Improvement District is set forth in Exhibit A attached hereto. A map generally outlining the boundaries of the SoCe Corner Community Improvement District is attached hereto as Exhibit B and incorporated herein by reference. The Governing Body hereby finds and determines that it is advisable to authorize the CID Project described herein and as such authorizes the CID Project. Section 2. Cost of CID Project; No Special Assessments. The estimated cost of the CID Project is $2,612,000. The maximum cost of the CID Project expected to be funded from the CID Sales Tax, exclusive of administrative fees, is $450,000. Section 3. Method of Financing. The CID Project will be financed on a pay-as-you-go basis. There will be no special assessments levied pursuant to the Act and there will be no bonds issued pursuant to the Act. Section 4. Imposition of CID Sales Tax. The Governing Body hereby imposes the CID Sales Tax within the SoCe Corner Community Improvement District in an amount of 2.00% on the selling of tangible personal property at retail or rendering or furnishing services taxable pursuant to the Kansas retailers’ sales tax act, or as otherwise provided by law, within the SoCe Corner Community Improvement District. The City Clerk shall cause all notices required by the Act to be given following passage of this ordinance. The CID Sales Tax will commence on the day set forth in the required documentation provided by the City to the Kansas Department of Revenue or as soon as may be imposed thereafter. The CID Sales Tax shall remain in effect for the maximum period provided for in the Act, or such period as may be required for payment from CID Sales Tax revenues of the maximum amount of costs approved for CID Project in Section 2, above, whichever is the lesser period. Section 5. Collection of the Sales Tax. The collection of the CID Sales Tax shall be made in the manner presented in the Act. Section 6. Segregation of the Sales Tax Revenues. All revenues derived from the collection of the CID Sales Tax shall be deposited into a special fund of the City to be designated as the SoCe Corner CID Sales Tax Revenue Fund. Section 7. Development Agreement. The City and signers of the Petition have negotiated a Development Agreement (the “Development Agreement”) relating to the CID Project, the development thereof, and the construction and payment of improvements related thereto. The Development Agreement is hereby approved in substantially the form presented to the Governing Body, with such changes or modifications as may be approved by the City Manager and as may be approved as to form by the City Attorney. The Mayor is hereby authorized to execute the Development Agreement and such other documents as may be necessary to implement the intent of this Ordinance and the Development Agreement, as may be approved by the City Manager and as may be approved as to form by the City Attorney, by and on behalf of the City and the City Clerk is hereby authorized to attest such signature. Section 8. Further Authority. The City shall, and the officers, employees and agents of the City, including Gilmore & Bell, P.C., the City’s bond counsel, are hereby authorized and directed to, take such action, expend such funds and execute such other documents, certificates and instruments, as may be necessary or desirable to carry out and comply with the intent of this Ordinance and to carry out, comply with and perform the duties of the City with respect thereto. Section 9. Effective Date; Recording. This Ordinance shall take effect from and after its passage by the Governing Body, and its publication once in the official newspaper of the City. This Ordinance shall also be filed of record in the office of the Register of Deeds of Sedgwick County, Kansas. PASSED by the City Council of the City of Wichita, Kansas, on June 17, 2025. EXHIBIT B MAP OF DISTRICT (SEAL) Lily Wu, Mayor ATTEST: City Clerk APPROVED AS TO FORM: Jennifer Magaña, Director of Law and City Attorney EXHIBIT A LEGAL DESCRIPTION OF DISTRICT Parcel 8: Lots l and 3, on Lawrence, now Broadway Avenue, Parkhurst’s Addition to Wichita, Kansas, Sedgwick County, Kansas Parcel 9: All of Lot 5 and the north of 16 feet 9 inches of Lot 7, on Lawrence, now Broadway Avenue, Parkhurst’s Addition to Wichita, Kansas, Sedgwick County, Kansas Parcel 10: The north 25 feet of Lot 9 and the south 8 feet 3 inches of Lot 7, on Lawrence now Broadway Avenue, Parkhurst’s Addition to Wichita, Kansas, Sedgwick County, Kansas Parcel 11: Lot 11 and the south of 5 feet of Lot 9, on Lawrence, now Broadway Avenue, Parkhurst’s Addition to Wichita, Kansas, Sedgwick County, Kansas