Focus Area: Legal
Staff Contact: Ron Shaver
Subject: Public hearing and ordinance creating a STAR Bond District at the southwest and northeast corners of 119th Street and Renner Boulevard.
________________________________________________________________________________
title:
title
Public hearing and consideration of Ordinance No. 24-35 creating a STAR Bond Project District in the vicinity of 119th Street and Renner Boulevard pursuant to K.S.A. 12-17,161 et seq.
Body
________________________________________________________________________________
Summary:
On August 6, 2024, the governing body adopted Resolution No. 24-1036 providing 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 Kansas Secretary of Commerce has provided the City a letter that the proposed District is an “eligible area” for the purpose of establishing a STAR Bond Project District as contemplated by K.S.A. 12-17,165 (Attachment A).
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 (Attachment B) to create the STAR Bond Project District. The ordinance notes that the governing body has made a finding and a determination that notice of the public hearing conducted on this date was made in accordance with the provisions of the Act, and that the proposed District described in the Resolution constitutes a “major commercial entertainment and tourism area” including a “major multi-sport athletic complex” and an “eligible area” and therefore a “STAR bond project,” all as such terms are defined in the Act.
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.
________________________________________________________________________________
Financial Impact:
To be determined.
________________________________________________________________________________
Action Needed:
Conduct the public hearing. Approve Ordinance No. 24-35 creating a STAR Bond Project District pursuant to K.S.A. 12-17,161 et seq.
________________________________________________________________________________
Attachment(s):
A: KDOC STAR Bond Eligibility Letter
B: STAR Bond District Ordinance