Focus Area: Legal
Staff Contact: Ron Shaver
Subject: Resolution setting the date and time for a public hearing regarding creation of a CID at 200 S. Kansas Avenue (Pizza 51 project).
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Consideration of Resolution No. 24-1071 setting a date and time for a public hearing regarding the creation of a community improvement district and the levy of a community improvement district sales tax pursuant to K.S.A. 12-6a26 et seq. (Pizza 51 project) on January 7, 2025.
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Summary:
On November 14, 2024, the City received a Community Improvement District (CID) petition (Attachment A) from PT Property, LLC for creation of a CID over 200 S. Kansas Avenue (the southeast corner of W. Loula Street and S. Kansas Avenue). The Petition was submitted pursuant to the Kansas Community Improvement District Act (K.S.A. 12-6a26 et seq.), the City’s CID Policy, and the Development Agreement (Attachment B) negotiated for redevelopment of the property. The petition proposes the levy of a 2% CID sales tax for up to 22 years.
The general nature of the proposed project is construction and reconstruction of the approximately 1,672 square foot existing structure and addition of approximately 1,100 square feet for purposes of a family-friendly pizza establishment known as “Pizza 51 South” and other facilities or improvements associated with or incidental to such use generally located within and/or contiguous to any portion of the proposed District. The proposed project includes interior demolition and expansion of the former auto repair facility on the property, an outdoor seating patio, parking lot improvements, landscaping, roof, façade, and related improvements.
The project anticipates opening for business in mid-2025.
The attached resolution (Attachment B) provides for the notice of a public hearing to consider creation of the CID on January 7, 2025. If approved, the CID sales tax would begin being levied on July 1, 2025.
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Financial Impact:
Total investment in the Pizza 51 project is anticipated to be $1,085,000, of which $736,173 would be eligible for reimbursement from CID proceeds per the CID Petition.
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Action Needed:
Approve Resolution No. 24-1071 setting a date and time for a public hearing regarding the adoption of a TIF Redevelopment Project Plan pursuant to K.S.A. 12-1770 et seq.
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Attachment(s):
A: CID Petition
B: Development Agreement
C: CID Public Hearing Resolution