Focus Area: Legal & Economy
Staff Contact: Ron Shaver/Jamie Robichaud
Subject: Resolution setting the date and time for a public hearing regarding creation of a STAR Bond District at the southwest and northeast corners of 119th Street and Renner Boulevard.
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title:
title
Consideration of Resolution No. 24-1036 setting the date and time for a public hearing regarding the establishment of a STAR Bond Project District pursuant to K.S.A. 12-17,161 et seq.
Body
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Summary:
The attached resolution (Attachment B) provides for the notice of a public hearing to consider creation of a Sales Tax and Revenue Bond (STAR) Bond Project District (the Olathe Gateway STAR Bond Project District) at the southwest and northeast corners of 119th Street and Renner Boulevard on September 17, 2024.
The proposed District would be divided into two Project Areas, described as follows:
Project Area 1: Comprised of approximately 63.1335 acres of land generally located at the southwest corner of 119th Street and Renner Boulevard, and generally including a mixed-use development consisting of some or all of the following uses: a multi-sport athletic complex for both professional and youth sports uses and events, entertainment uses, including an amusement park, retail uses, restaurant uses, and other general commercial development; hotel uses; residential uses, including multi-family residential facilities; visitor amenities and accessibility improvements and amenities for disabled visitors; and associated streets and other public and private infrastructure.
Project Area 2: Comprised of approximately 68.71 acres of land generally located at the northeast corner of 119th Street and Renner Boulevard, and generally including a mixed-use development consisting of some or all of the following uses: entertainment uses, retail uses, restaurant uses, and other general commercial development; hotel uses; residential uses, including multi-family residential facilities; visitor amenities and accessibility improvements and amenities for disabled visitors; and associated streets and other public and private infrastructure.
After the public hearing is conducted, the governing body would consider adoption of an ordinance to create the STAR Bond Project District. At a later date, the governing body would consider adoption of an ordinance to adopt a STAR Bond Project Plan and approve a development agreement.
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Financial Impact:
To be determined.
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Action Needed:
Approve Resolution No. 24-1036 setting the date and time for a public hearing regarding the establishment of a STAR Bond Project District pursuant to K.S.A. 12-17,161 et seq.
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Attachment(s):
A: STAR Bond Project District Public Hearing Resolution