Title
Resolution 2026-3: A Resolution of the Land Clearance for Redevelopment Authority of Lee’s Summit, Missouri, recommending approval of the Arborside LCRA Redevelopment Plan
Body
Issue/Request:
This resolution would provide the formal recommendation of approval from the LCRA Board of Commissioners for the Arborside LCRA Redevelopment Plan, which is a component of the Infrastructure Financing Plan that the City and Land Reserve have jointly developed to fund the primary public infrastructure improvements for the northern approximately 1000 acres of property that is planned to be developed by Land Reserve, Inc. The Financing Plan has been developed through a joint effort between Land Reserve and City staff to fund primary public infrastructure improvements to serve this property.
Key Issues:
Consider and provide a recommendation to the City Council regarding the Arborside LCRA Redevelopment Plan as part of the long-term land-use planning and infrastructure financing for the northern approximately 1000 acres owned by Land Reserve.
Background:
On March 26, 2024, the City Council heard a presentation from City staff and representatives of Land Reserve, Inc., a Utah corporation (“LR”), regarding the development of approximately 4,203 acres of property within the City (collectively the “Property”). LR is under contract to purchase certain portions of the Property and anticipates purchasing the balance of the Property over time. After purchasing any portion of the Property, LR intends to sell such portions of the Property to third parties for usage and development.
The City Council approved Ordinance No. 9888 on April 9, 2024, which led to the execution of the Memorandum of Understanding between Suburban Land Reserve, Inc., and the City (the “MOU”). The purpose of the MOU is to coordinate for the planning, platting and zoning for development of the Property and the establishment of a financing plan for financing the construction of public infrastructure to serve development of the Property, as well as the attraction and inducement of certain private development to the Property. The Parties also seek to coordinate for the acquisition of portions of the Property for public institutional uses by the City and other governmental entities as the Property develops over time.
Since entering into the MOU, City staff has held regular meetings and work sessions with representatives of LR, to work on the tasks set forth in the MOU. The teams have developed a financing plan for the northern property.
On August 12, 2025, the City and Land Reserve teams delivered a conceptual presentation to the City Council for the purpose of receiving feedback from the City Council on the financing plan that is being developed for the northern property. The City Council provided positive feedback after this presentation to continue working on the financing plan for the northern property. This presentation to the LCRA Board will serve as an introduction to the financing plan, including an explanation of upcoming action items that the LCRA Board will be asked to consider in 2026 as part of the financing plan.
On March 25, 2026, City staff and representatives of Land Reserve provided a presentation to the LCRA Board as background for the Arborside LCRA Plan that is being advanced through this application. This public hearing is a continuation of the planning work being undertaken by City staff to advance the financing plan for the Arborside area. On May 12, 2026, the City and Land Reserve teams provided an update to the City Council regarding the financing plan for the northern approximately 1000 acres of Land Reserve property and received positive feedback to proceed.
Presenters
Ryan Elam, Assistant City Manager
David Bushek, Gilmore & Bell, P.C., City economic development legal counsel
Curt Petersen, Polsinelli P.C., attorney for Land Reserve