Title
An Ordinance approving a cooperative agreement among Oldham Investors, LLC, the Oldham Village Transportation Development District and the City of Lee’s Summit, Missouri, to implement the Oldham Village Transportation Development District.
Body
Issue/Request:
This ordinance would approve the Cooperative Agreement to implement the Oldham Village Transportation Development District (“TDD” or “District”).
Key Issues:
Implementation of the TDD for the Oldham Village project.
Proposed City Council Motion:
A move for approval of An Ordinance Approving a Cooperative Agreement among Oldham Investors, LLC, the Oldham Village Transportation Development District and the City of Lee’s Summit, Missouri, to implement the Oldham Village Transportation Development District.
Background:
On January 7, 2025, the City Council held public hearings regarding the approval of the incentive package for the Oldham Village project. One of the action items following those hearings was approval of Resolution 25-01, which authorized City staff to take action in circuit to file a TDD petition and support formation of the TDD in court. However, consideration of the TDD petition did not require a City Council public hearing.
After January 2025, the project has continued to move forward and the developer proposed certain revisions to the form of TDD petition, as compared to the form that was reviewed and approved by the City Council at the January 7, 2025 Council meeting. On September 23, 2025, the City Council approved Resolution 25-21 which approved the amended form of TDD Petition. The TDD was formed by order of the Jackson County Circuit Court on November 25, 2025.
The TDD is for the purpose of imposing a sales tax to fund public transportation improvements for the Oldham Village project.
Impact/Analysis:
This Cooperative Agreement will implement the TDD.
Timeline:
Construction of the project is proceeding now.
Presenters
David Bushek, Chief Counsel of Economic D...
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