Title
An Ordinance approving the redevelopment contract and the lease agreement between the City of Lee’s Summit, Missouri and 1601 SE Hamblen Road, LLC to implement the amended 1601 SE Hamblen Road, LLC Land Clearance for Redevelopment Authority Redevelopment Plan.
Body
Issue/Request:
Approval of agreements to implement the Amended LCRA Redevelopment Plan as approved for the 1601 SE Hamblen Road, LLC industrial project, also known as T&W Steel Company, Inc. Industrial Project.
Key Issues:
Approval of the Redevelopment Contract and Lease Agreement to implement the Amended LCRA Redevelopment Plan to provide sales tax exemption on the purchase of construction materials and real property tax abatement for a period of 10 years for the 1601 SE Hamblen Road, LLC (T&W Steel Company, Inc.) development, as a reimbursement source for the redevelopment costs associated with the project.
Proposed City Council Motion:
I move for second reading of an Ordinance approving the Redevelopment Contract and the Lease Agreement between the City of Lee’s Summit, Missouri and 1601 SE Hamblen Road, LLC, to implement the 1601 SE Hamblen Road, LLC Land Clearance for Redevelopment Authority Redevelopment Plan.
Background:
On March 25, 2026, the Amended LCRA Plan was presented to the LCRA Board of Commissioners, and the Board then passed Resolution 2026-2 which recommended approval of the Amended LCRA Plan.
The Amended 1601 SE Hamblen Road, LLC Land Clearance for Redevelopment Authority Redevelopment Plan is 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, construction and relocation of a facility which will be approximately 73,300 square feet. The Amended LCRA Redevelopment Plan also provides for associated onsite and offsite sitework and infrastructure, including, without limitation, utilities, stormwater manag...
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