Title
Public Hearing: Amended and Restated Master Plan for Industrial Development Projects (Chapter 100) for the Streets of West Pryor Development
Body
Issue/Request:
This is a public hearing to consider an amendment to the Chapter 100 Master Plan for the Streets of West Pryor Project to conform the Master Plan to the approved preliminary development plans for the project as a whole and the current development schedule.
Key Issues:
Streets of West Pryor, LLC (Developer) is requesting amendments to the Chapter 100 Master Plan for Industrial Development Projects to extend the schedule to match the current status of the development, to update the description of the Phase 2 apartment project and to change the boundaries between the commercial and the apartment projects.
Background:
On December 18, 2018, the City Council held the original public hearing for the Master Plan for Industrial Development Projects for the Streets of West Pryor Development pursuant to Chapter 100 of the Revised Statutes of Missouri. On January 8, 2019, the City Council approved the Master Plan for Industrial Development Projects for the Streets of West Pryor Project (the “Chapter 100 Master Plan” or the “Master Plan”) through the adoption of Ordinance No. 8540.
On February 19, 2019, the City Council approved three separate Chapter 100 transactions and the associated Chapter 100 bond documents through the adoption of three separate ordinances for:
(1) the Commercial Project (Ordinance No. 8564, $60 million)
(2) the Grocery Store Project (Ordinance No. 8565, $17 million) and
(3) the Apartment Project (Ordinance No. 8566, $48 million)
Since the adoption of these ordinances, Developer has undertaken the construction of portions of the project, and has received additional zoning approvals to revise the development for the western and southern lots. The grocery store, two restaurants, a supplement store and a coffee shop are open. Another restaurant is under construction, and the cons...
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