A public hearing is scheduled tonight on $17.2 million in industrial revenue bonds for Associated Wholesale Grocers property at 5000 Kansas Ave. in Kansas City, Kan.
The Unified Government Commission meeting will begin at 7 p.m. Nov. 20 in the Commission Chambers, City Hall, lobby level, 701 N. 7th St., Kansas City, Kan.
The commission will consider an ordinance to allow issuing $17.2 million in industrial revenue bonds for AWG’s property, including a newly constructed corporate office tower.
According to UG documents, AWG has consolidated its offices into a newly constructed corporate office tower at the property location.
Previously the commission authorized issuing $6.5 million in IRBS and a payment in lieu of taxes scheduled with an 80 percent tax abatement on the new office tower only. The PILOT also included base tax values for the existing land and improvements.
The Court of Tax Appeals granted the exemption, but only for the new office tower financed with the $6.5 million in IRBs, according to UG documents.
The current PILOT includes the other land and improvements, and that property is also subject to ad valorem taxes, UG documents stated. The current request for $17.2 million in IRBs is enough to finance all AWG property, the documents stated. The PILOT would remain the same, with only the new office tower eligible for the tax abatement.
On the consent agenda for the meeting:
– Two ordinances authorizing the issuance of industrial revenue bonds for PQ Corp.’s expansion at 1700 Kansas Ave. The first is for $22 million and the second, for $34.1 million. Last year the commission adopted a resolution approving the intent to issue $219 million in IRBs and a 75 percent tax abatement, and approved an ordinance to issue $101 million in IRBs for the project.
– Resolutions to authorize improvements and the manner to pay for them in the CMIP budget for 2015 temporary note and bond financing. This includes 14 projects in the 2015 CMIP budget; eight ongoing projects in the 2015 CMIP budget requiring an amendment or additional financing; and reimbursement for five projects the UG expects to make capital improvements and intends to reimburse itself.
– A resolution approving General Motors performance agreement regarding a paint shop addition at the Fairfax Assembly Plant. There is a 50 percent payment in lieu of taxes for the $80 million expansion. If automotive suppliers to the plant locate in Wyandotte County, there may be an additional 5 percent per supplier applied to the PILOT, up to 75 percent maximum.
– An ordinance to authorize UG lawyers to commence legal proceedings to acquire property for the Oak Grove Road, South 53rd to South 55th Street project.
– A plat submitted of KCK PACES, 59th and Nogard.
Also on the agenda:
– Appointments by the mayor to the 47th and Mission Road Area Development and Management Committee of Commissioner Hal Walker, Commissioner Ann Murguia and Heidi Holliday, Rosedale Development Association.
– Several Land Bank properties for yard expansion.
To see the UG Commission agenda, visit www.wycokck.org, and go to “Public Meetings.”