Title
An Ordinance approving a Development Agreement between Paragon Star, LLC, and the City of Lee's Summit, Missouri, for the Paragon Star project.
(Note: First reading by Council on July 7, 2020. Passed by unanimous vote.)
Body
Issue/Request:
Approval of a Development Agreement to arrange for the construction of public improvements associated with the Paragon Star project.
Key Issues:
Road improvements including internal drives, View High Drive, interchange improvements, water improvements, sewer improvements, parking lots and pedestrian trails.
Proposed City Council Motion:
I move for adoption of Bill No. 20-116 an Ordinance approving a Development Agreement between Paragon Star, LLC, and the City of Lee's Summit, Missouri for the Paragon Star project.
Background:
On October 10, 2016, the City Council approved Ordinance No. 7987 which approved the preliminary development plan for the sports complex portion of the Paragon Star 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 development. On June 11, 2019, the City Council approved Ordinance No. 8644 which approved the preliminary development plan for the Paragon Star Village portion of the Paragon Star Project (collectively with the development approved by Ordinance No. 7987, 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. Both ordinances contain a clause which provides that the developer shall execute a development agreement with the City to address public improvements, and that no building permits shall be issued until written proof is provided to the City that the development agreement has been recorded with the Jackson County Recorder of Deeds.
Impact/Analysis:
Developer will be responsible for funding and constructing the public improvements...
Click here for full text