Title
An Ordinance approving the Redevelopment Contract and the Lease Agreement between the City of Lee’s Summit, Missouri and Reinhart Foodservice, L.L.C., to implement the Reinhart Foodservice Land Clearance for Redevelopment Authority Redevelopment Plan.
(Note: First read by Council on September 19, 2023. Passed by unanimous vote.)
Body
Issue/Request:
Approval of contracts to implement the LCRA Redevelopment Plan that was approved in July 2023 for the Reinhart Foodservice industrial expansion project.
Key Issues:
Approval of the Redevelopment Contract and Lease Agreement to implement the LCRA Redevelopment Plan to provide sales tax exemption on the purchase of construction materials and 84 real property tax abatement for a period of 10 years for the Reinhart Foodservice development, as a reimbursement source for the redevelopment costs associated with the project.
Proposed City Council Motion:
I move for adoption of an Ordinance approving the Redevelopment Contract and the Lease Agreement between the City of Lee’s Summit, Missouri and Reinhart Foodservice, L.L.C., to implement the Reinhart Foodservice Land Clearance for Redevelopment Authority Redevelopment Plan.
Background:
On April 18, 2023, Developer made a conceptual incentive request to the City Council for the requested incentive package and received positive non-binding feedback from the Council.
On May 24, 2023, the LCRA Plan was presented to the LCRA Board of Commissioners, and the Board then passed Resolution 2023-2 which recommended approval of the LCRA Plan.
The Reinhart Foodservice Land Clearance for Redevelopment Authority Redevelopment Plan was approved through the adoption of Ordinance No. 9709 on July 11, 2023. That ordinance was subject to the execution of a Redevelopment Contract and Lease Agreement to implement the Redevelopment Plan, and this ordinance will satisfy that condition.
The proposed development provides for the design, development, and construction of an expa...
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