Title
An Ordinance approving a development agreement between Lee’s Summit Senior Community, LLC, and the City of Lee’s Summit, Missouri, for the Princeton Senior Community Development.
(Note: First read by Council on October 1, 2019. Passed by unanimous vote.)
Body
Issue/Request:
An Ordinance approving a development agreement between Lee’s Summit Senior Community, LLC, and the City of Lee’s Summit, Missouri, for the Princeton Senior Community Development.
Key Issues:
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Proposed Council Motion:
I move for adoption of an Ordinance approving a development agreement between Lee’s Summit Senior Community, LLC, and the City of Lee’s Summit, Missouri, for the Princeton Senior Community Development.
Background:
On April 9, 2019, the City Council approved Ordinance No. 8612 which approved the preliminary development plan for the Princeton Senior Community (the “Project”), which was subject to the Developer entering into a development agreement with the City to provide for certain Public Improvements which are necessary for the Project.
The Project will be constructed on a 12-acre parcel for the senior care facility by Lee’s Summit Senior Community, LLC (the “Developer”), a single purpose entity managed by O’Reilly Development Company, LLC, based in Springfield, Missouri, on the south side of Highway 50 and west of Ranson Road.
The Project is proposed to consist of “The Princeton” which will contain approximately 153 units which will contain 91 independent living units, 44 assisted living units, and 18 memory care units. The project is projected to create 65 new jobs.
Impact/Analysis:
The Public Improvements to be funded and constructed by Developer consist of the Water Improvements, the On-Site Sewer Improvements and the Transportation Improvements as listed below. All Improvements shall be designed, engineered, and constructed by or at the direction of the Developer.
Water Improvements
Install approximately 2650 linear feet of 12-inch ...
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