Focus Area: Legal
Staff Contact: Ron Shaver
Subject: Resolution setting the date and time of a public hearing regarding the establishment of the 119th Street and Renner Community Improvement District.
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title:
title
Consideration of Resolution No. 24-1057 setting the date and time of a public hearing regarding the establishment of the 119th Street and Renner Community Improvement District pursuant to K.S.A. 12-6a26 et seq. (Olathe Gateway Project)
Body
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Summary:
On October 10, 2024, the City received a petition for creation of the 119th Street and Renner Community Improvement District (Attachment A). The petition was submitted pursuant to K.S.A. 12-6a26 et seq. (the “Act”) and the City’s CID Policy. The CID Petition is submitted in conjunction with the proposed STAR Bond Project Plan and TIF Area 2 Project Plan for the Olathe Gateway Project.
The proposed CID includes the following mixed-used development:
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 public and private infrastructure.
The petition proposes that a 1% CID sales tax be levied within the CID. The estimated cost of the Olathe Gateway project is $341,032,777, of which $9,548,541 would be paid from the proceeds of the proposed CID sales tax (2.8% of total anticipated project costs).
The attached resolution (Attachment B) provides for notice of a public hearing to be conducted on November 19, 2024, to consider creation of the CID and the levy of a CID sales tax within the proposed CID.
At the same meeting, the Governing Body will also consider and adoption of the STAR Bond Project Plan and the TIF Project 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. 24-1057 setting the date and time of a public hearing regarding a substantial change to an existing redevelopment district plan and the adoption of a redevelopment project plan pursuant to K.S.A. 12-1770 et seq.
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Attachment(s):
A: 119th & Renner CID Petition
B: 119th & Renner CID Public Hearing Resolution