Title
An Ordinance approving the Redevelopment Contract and the Lease Agreement between the City of Lee’s Summit and Ellis Glen, LLC, to implement the Ellis Glen Land Clearance for Redevelopment Authority Redevelopment Plan.
(Note: First read by Council on June 20, 2023.)
Body
Issue/Request:
Approval of contracts to implement the LCRA Redevelopment Plan that was approved in March 2023 for the Ellis Glen project.
Key Issues:
Approval of the Redevelopment Contract and Lease Agreement to implement the LCRA Redevelopment Plan to provide sales tax exemption on the purchase of construction materials and 75% real property tax abatement for a period of 25 years for the Ellis Glen development, as a reimbursement source for the redevelopment costs associated with the project.
Proposed City Council Motion:
I move for adoption of An Ordinance Approving the Redevelopment Contract and the Lease Agreement between the City of Lee’s Summit and Ellis Glen, LLC, to Implement the Ellis Glen Land Clearance for Redevelopment Authority Redevelopment Plan.
Background:
On September 20, 2022, Developer made a conceptual incentive request to the City Council for the requested incentive package and received positive non-binding feedback from the Council.
On October 4, 2022, the City Council passed Ordinance No. 9514 which approved a rezoning from District RP-2 to District CBD, and a preliminary development plan for the proposed project.
On February 22, 2023, the LCRA Plan was presented to the LCRA Board of Commissioners, and the Board then passed Resolution 2023-1 which recommended approval of the LCRA Plan.
The Ellis Glen Land Clearance for Redevelopment Authority Redevelopment Plan was approved through the adoption of Ordinance No. 9643 on March 21, 2023. That ordinance was subject to the execution of a Redevelopment Contract and Lease Agreement to implement the Redevelopment Plan, and this ordinance will satisfy that condition.
The proposed development provides for ...
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