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 W. Santa Fe Street.
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title:
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Consideration of Resolution No. 25-1056 calling and providing for the giving of notice of a public hearing on July 15, 2025, on the advisability of creating a community improvement district (the 200 W. Santa Fe Street CID).
Body
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Summary:
On June 5, 2025, the City received a Community Improvement District (CID) petition (Attachment A) from Sunflower Olathe 1, LLC for creation of a CID over 200 W. Santa Fe Street. The Petition was submitted pursuant to the Kansas Community Improvement District Act (K.S.A. 12-6a26 et seq.) and the City’s CID Policy. The petition proposes the levy of a 2% CID sales tax for up to 22 years.
The general nature of the proposed project is to renovate, redevelop or improve the CID to consist of: construction and reconstruction of the approximately 8,827 square foot existing structure and addition of approximately 15,500 additional square feet for purposes of a restaurant and entertainment establishment similar in concept to Char Bar located at 15348 Old Town Drive, Parkville, Missouri, and other facilities or improvements associated with or incidental to such use, including demolition of existing facilities and all public and private infrastructure improvements or facilities as further described in that certain Development Agreement between the City and CB Olathe Holdings LLC dated as of May 19, 2025 (Attachment B); and the City’s administrative costs in establishing and maintaining the CID, and other items collectively permitted to be financed within the CID under the Act.
The attached resolution (Attachment C) provides for the notice of a public hearing to consider creation of the CID on July 15, 2025. If approved, the CID sales tax would begin being levied once the project is complete.
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Financial Impact:
Total investment in the project is anticipated to be $10,521,660, of which $9,021,500 would be eligible for reimbursement from CID proceeds per the Development Agreement.
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Action Needed:
Approve Resolution No. 25-1056 calling and providing for the giving of notice of a public hearing on July 15, 2025, on the advisability of creating a community improvement district (the 200 W. Santa Fe Street CID).
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Attachment(s):
A: CID Petition
B: Development Agreement
C: CID Public Hearing Resolution