Focus Area: Legal
Staff Contact: Ron Shaver
Subject: Resolution setting the date and time of a public hearing regarding adoption of a STAR Bond Project Plan in the vicinity of 119th Street and Renner Boulevard.
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title:
title
Consideration of Resolution No. 24-1056 setting the date and time of a public hearing regarding adoption of a STAR Bond Project Plan for Project Area 1 of the Olathe Gateway STAR Bond Project District pursuant to K.S.A. 12-17,161 et seq. (Olathe Gateway Project)
Body
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Summary:
On September 17, 2024, the City Council adopted Ordinance No. 24-35 establishing a STAR Bond Project District and approving a STAR Bond Project District Plan. The District was created to promote, stimulate and develop the general and economic welfare of the state of Kansas and the City as a “major commercial entertainment and tourism area” containing a “major multi-sport athletic complex” in accordance with the Kansas STAR Bond Act, K.S.A. 12-17,161 et seq. (the “Act”).
Staff, along with the City’s bond counsel, Gilmore & Bell, P.C., has worked with the developer of the proposed STAR Bond Project, Loretto Commercial Development, LLC, to prepare a STAR Bond Project Plan (Attachment A). On October 14, 2024, the Planning Commission made a finding that the proposed Plan is in conformance with the Comprehensive Plan of the City.
The Project Plan may be described in a general way as 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.
The Project Plan to be considered by the Governing Body at the public hearing includes, but is not limited to: (a) a summary of the feasibility study required by the Act; (b) a reference to the District Plan; (c) a description and map of the Project Area; (d) the relocation assistance plan as required by the Act; and (e) a detailed description of the buildings and facilities proposed to be constructed or improved within the Project Area.
The attached resolution (Attachment B) provides for notice of a public hearing to be conducted on November 19, 2024, to consider adoption of the STAR Bond Project Plan. At the public hearing a representative of the City will present the Project Plan, the Governing Body will receive public comment on the Project Plan, and after the conclusion of the public hearing, the Governing Body may adopt the Project Plan by Ordinance passed upon a 2/3 vote of the Governing Body in accordance with the provisions of the Act.
At the same meeting, the Governing Body will also consider creation of a Community Improvement District (CID) and adoption of an amended Tax Increment Financing (TIF) Area 2 Project Plan for the Olathe Gateway project.
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Financial Impact:
To be determined.
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Action Needed:
Approve Resolution No. 24-1056 setting the date and time of a public hearing regarding adoption of a STAR Bond Project Plan for Project Area 1 of the Olathe Gateway STAR Bond Project District pursuant to K.S.A. 12-17,161 et seq.
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Attachment(s):
A: STAR Bond Project Plan
B: STAR Bond Project Plan Public Hearing Resolution