Title
A Resolution of the Land Clearance for Redevelopment Authority of Lee’s Summit, Missouri, Recommending that the City Council Approve the Project 2 (East Village) LCRA Redevelopment Plan within the 291 South LCRA Redevelopment Area and Take Other Actions to Implement the Project 2 Plan.
Body
Issue/Request:
This is a resolution that would recommend approval of the East Village LCRA Redevelopment Plan to implement the Oldham Village Redevelopment Project as part of the larger 291 South LCRA Redevelopment Plan and Redevelopment Area.
Key Issues:
Consideration of Project 2 and the developer’s request for extended tax abatement for the apartment project and sales tax exemption on the residential and commercial components of the project.
Timeline: See Exhibit 8 of the Project 2 Plan
Start: First quarter 2026
Finish: 2034
Presenters
Matt Pennington, Drake Development
David Bushek, Chief Counsel of Economic Development and Planning