Title
Conceptual Economic Development Incentive Request for Community Improvement District, Dillon’s grocery store and retail; mid-block on Douglas Street between Tudor Road and Chipman Road; Phillips Edison Company, LLC, applicant
Body
Issue/Request:
Incentive request by Phillip Edison, LLC, to form a community improvement district on approximately 22 acres of property for a new 99,000 square foot grocery store and additional retail development located on Douglas Street, west of Lee’s Summit North High School, mid-block between NW Tudor Road and E Chipman Road.
Key Issues:
Evaluation of an incentive request under the City's Economic Development Incentive Policy in the form of a community improvement district to fund eligible public improvements costs associated with the project.
Background:
The attached Financial Incentive Application Worksheet and presentation slides from the applicant provide project information and data.
Impact/Analysis:
The City’s presentation slides provide an initial analysis and evaluation of the request.
Presenter
Patricia Jensen, Rouse Frets White Goss Gentile Rhoads, P.C., attorney for applicant
David Bushek, economic development legal counsel for the City
Ryan Elam, Assistant City Manager