...Title
An Ordinance approving the Cooperative Agreement between the City of Lee’s Summit, Missouri, and the Lee’s Summit R-7 School District for the 291 North and Highway 50 Interchange Project.
(Note: First read by Council on December 7, 2021.)
...Body
Issue/Request:
An ordinance to approve a Cooperative Agreement with the Lee’s Summit R-7 School District for the 291 North and Highway 50 Interchange Project (the “Interchange Project”)
Council Motion:
I move for adoption of an Ordinance approving the Cooperative Agreement between the City of Lee’s Summit, Missouri, and the Lee’s Summit R-7 School District for the 291 North and Highway 50 Interchange Project.
Background:
On August 18, 2020, City staff made a presentation to the City Council regarding the 291 North and Highway 50 Interchange Project. That presentation focused on these goals:
· Enhance traffic safety & circulation
o Reconstruct 291 North & 50 Interchange
o Reconfigure Blue Parkway
· Move Missouri Highway Patrol (“MHP”) Troop A facility to new location in City
· Redevelop Highway Patrol Property for commercial uses
· Redevelop QuikTrip & commercial sites
· Access is catalyst for additional redevelopment opportunities in the area
Staff explained that the parties involved with the project are:
· City of Lee’s Summit
· Missouri Highway Patrol & Missouri Office of Administration
· Missouri Department of Transportation
· Lee’s Summit R-7 School District
· Developer of Project #1 (current Missouri Highway Patrol Troop A facility)
· QuikTrip
· Other businesses in the Redevelopment Area
After the presentation on the August 18, 2020 agenda, the City Council held first reading of ordinances that would approve the 291 North and Highway 50 Tax Increment Financing Plan (the “TIF Plan”) and four separate TIF Redevelopment Projects. The Council approved Ordinance No. 8945 on September 1, 2020 which approved the TIF Plan.
Following approval of the TIF Plan, City staff engaged in discussions with the Missou...
Click here for full text