ORDINANCE NO. 52-789 AN ORDINANCE MAKING AND FILING AN INCREMENT IN AD VALOREM TAXES FOR THE EAST BANK REDEVELOPMENT DISTRICT, CITY OF WICHITA, KANSAS, FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2026, AND ENDING DECEMBER 31, 2026. WHEREAS, the City of Wichita, Kansas, has established a Redevelopment District designated as the East Bank Redevelopment District under authority ofK.S.A. 12-1770 et seq. of the State of Kansas; and, WHEREAS, the City has by ordinance adopted a redevelopment plan for the East Bank Redevelopment District, the District being created in 1995; and, WHEREAS, the City found that the conditions defined in K.S.A. 12-l 770a of the State of Kansas did exist and therefore the increment in ad valorem taxes for the East Bank Redevelopment District is collected on a yearly basis as defined in K.S.A. 12-1770a of the State of Kansas; and, WHEREAS, the City has by ordinance removed property and reduced the District boundaries, the District boundaries being modified in 2002; and, WHEREAS, the City has by ordinance expanded the District boundaries, the District boundaries being modified in 2004; and, WHEREAS, the City has by ordinance expanded the District boundaries, the District boundaries being modified in 2016; and, WHEREAS, the City has by ordinance reduced the District boundaries, the District boundaries being modified in 2019; and, WHEREAS, the boundaries of the East Bank Redevelopment District are depicted in Exhibit “A” attached hereto; NOW, THEREFORE, BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY OF WICHITA, KANSAS: SECTION 1. The City of Wichita, Kansas, has adopted a budget estimating $2,408,357 of increment funds in ad valorem taxes from the East Bank Redevelopment District (the current boundaries of the District are depicted in Exhibit “A” attached-hereto). SECTION 2. In accordance with Section.1 hereof, the City of Wichita, Kansas, hereby estimates the increment to be collected from ad valorem taxes produced from property located within the East Bank Redevelopment District at $2,408,357 for the year beginning January 1, 2026, and ending December 31, 2026. SECTION 3. The purpose of setting this increment is to pay the direct costs of infrastructure improvements within the Redevel- opment District as defined in K.S.A. l 2-1770a, such costs being integral to the increased development and property valuation within the District, incurred between January 1, 2026, and December 31, 2026, including principal and interest due on special obligation bonds or full faith and credit tax increment bonds issued to finance in whole or in part operation and maintenance expenses and other expenses relating directly to infrastructure improvements within the Redevelopment District. The increment set herein is estimated based on assessment of the value of properties as reported by the Sedgwick County Appraiser’s Office. SECTION 4. That the Director of Finance of the City of Wichita, Kansas, is hereby directed to make proper certification of the in- crement estimated to be produced from ad valorem taxes that are to be levied in the East Bank Redevelopment District to the County Clerk of Sedgwick County, Kansas, in conformity with and as provided by law. SECTION 5. The second reading of this ordinance shall be deferred to August 26, 2025, upon final approval of the City’s proposed budget. SECTION 6. This ordinance shall take effect and be in full force and effect from and after its passage and publication once in the official City paper and the Wichita Eagle. PASSED by the governing body of the City of Wichita, Kansas, this 26th day of August 2025. /s/ Lily Wu, Mayor ATTEST: (SEAL) /s/ Shinita Rice, Deputy City Clerk APPROVED AS TO FORM: /s/ Jennifer Magaña, City Attorney and Director of Law EXHIBIT “A” THE EAST BANK REDEVELOPMENT DISTRICT (TAX INCREMENT FINANCING DISTRICT #3)