Title
An Ordinance approving the Redevelopment Agreement and the Lease Agreement between the City of Lee’s Summit, Missouri and 1601 SE Hamblen Road, LLC (T&W Steel Company) to implement the 1601 SE Hamblen Road, LLC Land Clearance for Redevelopment Authority Redevelopment Plan.
Body
Issue/Request:
Approval of contracts to implement the LCRA Redevelopment Plan that was approved in March 2025 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 Agreement and Lease Agreement to implement the 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 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 Agreement 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 January 22, 2025, the LCRA Plan was presented to the LCRA Board of Commissioners, and the Board then passed Resolution 2025-1 which recommended approval of the LCRA Plan.
The 1601 SE Hamblen Road, LLC Land Clearance for Redevelopment Authority Redevelopment Plan was approved through the adoption of Ordinance No. 10084 on March 4, 2025. That ordinance was 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 53,600 square feet. The LCRA Redevelopment Plan also provides for associated onsite and offsite sitework and infrastructure, inc...
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