Title
Paragon Star - Presentation of I-470 Western Gateway Transportation Development District proposal
Body
Issue/Request:
Paragon Star - Presentation of I-470 Western Gateway Transportation Development District proposal
Key Issues:
The Paragon Star Development Team will be presenting the City Council with a request to form a new regional Transportation Development District (referred to as the I-470 Western Gateway TDD). The purpose of forming a new TDD and replacing the existing regional TDD is to include additional properties including the Paragon Star Village (retail area), and fund additional projects in the region.
A resolution supporting the formation of the I-470 Western Gateway TDD has been placed on the January 4, 2018 City Council agenda for consideration. Approval of the resolution will authorize staff to file an action in Jackson County Circuit Court to form the I-470 Western Gateway Transportation Development District. This TDD will fund improvements to the I-470 and View High interchange to convert View High Drive under the interstate into a diverging-diamond configuration, along with other transportation improvements within and near the TDD.
Proposed City Council Motion:
Presentation only. A Resolution supporting the formation of the proposed I-470 Western Gateway TDD has been placed on the January 4, 2018 City Council agenda for consideration.
Background:
The Existing Regional TDD (Southwest I-470 TDD) -
The City Council previously authorized the formation of the Southwest I-470 Transportation Development District (the “Southwest I-470 TDD”). This TDD was approved by the Jackson County Circuit Court on September 12, 2016 and formation was completed in an election of the property owners in December 2016. The Southwest I-470 TDD generally includes the property within the Summit Woods Shopping Center and property along the north side of I-470 from Pryor Road to View High Drive. The purpose of the Southwest I-470 TDD was to fund regi...
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