Three development projects and their financing are on tonight’s agenda for the Unified Government Commission.
The commission will meet at 7 p.m. Thursday, May 14, at City Hall, Commission Chambers, lobby level, 701 N. 7th St., Kansas City, Kan.
A special session is planned first, at 6 p.m., a litigation update that is not open to the public.
The 7 p.m. agenda includes items about three industrial revenue bond issues.
They are NPIF2 Kansas Avenue, at 5100 Kansas Ave.; Premier Automotive near The Legends area; and Dairy Farmers of America, near 98th and France Family Drive.
There are also Land Bank items on the agenda.
The Dairy Farmers of America project is requesting a resolution of intent to issue IRBs, according to agenda information. It is a $30 million capital investment that includes a 100,000-square-foot or more office building, 300-plus jobs with an average salary of $90,000, and a 20-year commitment to the site, which includes 12 acres. On Feb. 26, the UG Commission authorized the county administrator to make a development agreement with DFA.
The agenda stated that at a future date, an ordinance authorizing the issuance of IRBs will be required, along with a public hearing to consider the payment in lieu of taxes, tax abatement.
The resolution of intent to issue up to $18 million in industrial revenue bonds for the NPIF2 Kansas Avenue project at 5100 Kansas Avenue was approved April 30, according to agenda documents. On tonight’s agenda is an ordinance authorizing the IRBs.
The developer is ready to start construction on the Kansas Avenue commercial redevelopment project, according to UG agenda information.
Premier Automotive near The Legends area has submitted an IRB application for $12 million to finance the construction of three new auto dealerships in The Legends Auto Plaza area, according to agenda information. The UG Commission will be asked for its approval.
In February, the UG Commission adopted a master resolution of intent to issue IRBs for this area, the amended Vacation Village District. The resolution gave the developer, SVVI LLC, the right to assign a portion of the benefits under the resolution to another entity with the approval of the UG, according to agenda information.
There will be no property tax abatement with this auto plaza project, the agenda information stated.
Four items are on the Land Bank agenda.
The applicants and the addresses of the property to be transferred include Ja Mia Development LLC, 2053 Springfield Blvd., yard extension; Stephanie Dickens, 2748 Quindaro Blvd., yard extension; Rose Washington, 357 Quindaro Blvd., yard extension; and Linda Puentes, 2947 N. 35th St., yard extension.