The Unified Government Neighborhood and Community Development Committee will meet at 5 p.m. Monday, April 29, in the fifth floor meeting room, City Hall, 701 N. 7th St., Kansas City, Kansas.
The Economic Development and Finance Committee meeting will follow.
On the agenda for the Neighborhood and Community Development Committee meeting are an update of the Land Bank policy, the Land Asset Management Program.
Also on the agenda are three properties to be transferred to the Land Bank: 1824 N. 13th St., 3042 Hiawatha St. and 3044 Hiawatha St.
There also are two requests to donate vacant lots to the Land Bank, one at 3431 Barnett Ave. and one at 2204 N. 12th St.
Back on the agenda for further discussion is the Northeast hold area on Land Bank properties.
Land Bank applications not in the Northeast hold area include 113 S. Cherokee St., 3113 Strong Ave., 1419 S. 32nd, 1201 Gilmore, 14141 Minnesota Ave., and 617 S. 11th St.
Land Bank applications in the Northeast hold area include 3044 Hiawatha St., 3042 Hiawatha St., 3040 Hiawatha St., 3034 Hiawatha St., 2128 Lafayette Ave., 2126 Lafayette Ave., 2204 N. 11th St., 1139 Everett Ave., 1137 Everett Ave., 2707 N. 15th St., 847 Sanford Ave., 2311 N. 5th St., 418 Haskell Ave., 3227 Farrow Ave., 1918 Parkview Ave., 3420 N. 29th St., 2512 N. 21st St., 624 Garfield Ave., 2926 N. 13th St., 4600 Parkview Ave., 3301 N. 44th Terrace, 3246 N. 44th Terrace, 3241 N. 44th Terrace, 2510 N. 13th St., 1214 Haskell Ave., 701 Parallel, 315 Richmond, 1104 Brown Ave., 1100 Brown Ave., 515 Troup Ave., 513 Troup Ave., 3201 Cleveland Ave., 2639 N. 22nd St., and1865 N. 29th St.
Also on the agenda is an update on the Land Bank rehab program.
On the agenda for the Economic Development and Finance Committee meeting is an amendment to the Legends West Lawn development agreement. The amendment would extend the date of completion for the project from March 31 to June 30.
Also on the agenda is a resolution to authorize approval of the development agreement with NorthPoint Development for the Turner Logistics Center.
This project is at I-70 and the Turner Diagonal freeway. The logistics center would include industrial, distribution and manufacturing space. According to the proposed agreement, it would have up to 2.7 million square feet and a capital investment of up to $125 million at full build-out. The developer would agree to build at least 1 million square feet of buildings.
The project would be constructed in phases, with the first phase a 366,000 square-foot building. Some phases could be combined. The second phase would include a 432,640 square-foot building; the third phase, a 226,240 square-foot building; the fourth phase, a 488,800 square-foot building; the fifth phase, a 488,800 square-foot building; the sixth phase, a 436,800 square-foot building; and the seventh phase, a 349,800 square-foot building, according to the development agreement.
There are penalties included in the agreement in case the minimum buildings are not completed. Instead of the penalties, the developer would be able to choose community improvement special assessments on the project site.
According to the agreement, the design, development and construction project costs would be paid with private equity and debt, except for the public infrastructure improvements, which would be paid with a combination of the developer’s contribution, with UG, state and federal funding.
Industrial revenue bond financing would pay for some costs, and according to the proposed agreement, the developer may obtain an exemption on property taxes and may use a sales tax exemption for construction materials, equipment and furnishings. The UG would receive payments in lieu of taxes instead of the property taxes. These payments would start at 14 cents per square foot in 2020 and rise every year, until reaching 48 cents per square foot in 2033, and remaining at 48 cents per square foot through 2039. On 1 million square feet, 14 cents per square foot would be about $140,000, and 48 cents per square foot would be about $480,000. The amounts could be reduced if the UG receives infrastructure reimbursement credits.
The data on the total project budget was not included in the agenda information.
As part of the development agreement, the interchange at I-70 and the Turner Diagonal would be reconfigured into a diverging diamond interchange, reusing the existing concrete bridges.
According to the agreement, the Kansas Turnpike Authority would design and construct the new interchange. There would be a $1.5 million private contribution from the developer and a contribution not to exceed $7.5 million from the UG.
Also on the committee agenda is a report on the 2018 reserves and fund balance, as well as a report of the first quarter 2019 investments.
There also will be a review of an approved budget policy.
Agendas are posted at www.wycokck.org.