Title
An Ordinance approving the Reinhart Foodservice, LLC Land Clearance for Redevelopment Authority Redevelopment Plan.
(Note: First read by Council on June 20, 2023. Passed by unanimous vote.)
Body
Issue/Request:
This is an ordinance to approve the Reinhart Foodservice , LLC LCRA Redevelopment Plan, which would provide sales and use tax exemption on construction materials and real property tax abatement for the proposed expansion of the company’s industrial facility which is operated by Reinhart Foodservice, LLC (the “Developer”) which is located at 290 SE Thompson Drive, in Lee’s Summit, Missouri.
The LCRA Plan provides for the expansion of the existing facility which is currently approximately 120,000 square feet, to approximately 170,000 square feet. The facility expansion consists of a freezer, cooler, dry warehouse and new employee entrance and breakroom areas. The LCRA Plan will establish public ownership during the construction of improvements for Developer to receive and use a sales tax exemption certificate for the purchase of construction materials that are used in the construction of the Project, and thereafter for a period of 10 years to facilitate real property tax abatement.
The LCRA Plan will establish public ownership during the construction of improvements for Developer to receive and use a sales tax exemption certificate for the purchase of construction materials that are used in the construction of the Project, and real property tax abatement at 84% for 10 years.
Key Issues:
Public hearing to consider the LCRA Redevelopment Plan for the Reinhart Foodservice expansion project.
Motions:
I move for second reading of An Ordinance Approving the Reinhart Foodservice, LLC LCRA Redevelopment Plan.
I move for approval of An Ordinance Approving the Reinhart Foodservice, LLC LCRA Redevelopment Plan.
Background:
On April 18, 2023, Developer made a conceptual incentive request to the City Council for the requested incentive package and ...
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