Focus Area: Legal
Staff Contact: Ron Shaver
Subject: Public hearing and Ordinance creating the 119th Street and Renner Community Improvement District.
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title:
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Public hearing and consideration of Ordinance No. 24-50 regarding the establishment of the 119th Street and Renner Community Improvement District pursuant to K.S.A. 12-6a26 et seq. (Olathe Gateway Project).
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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 petition proposes that a 1% CID sales tax be levied within the CID.
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.
On October 15, 2024, the City Council adopted Resolution No. 24-1057, directing that a public hearing on the proposed CID be held tonight, declaring its intent to impose the CID sales tax, and requiring the City Clerk to provide for notice of the public hearing as set forth in the CID Act.
The Ordinance (Attachment B) creates the 119th & Renner CID, authorizes the Project as described above, and authorizes the imposition of the CID sales tax within the CID beginning October 1, 2026 for up to 22 years.
Also on tonight’s agenda, the Governing Body will conduct public hearings and consider 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:
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).
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Action Needed:
Approve Ordinance No. 24-50 regarding the establishment of the 119th Street and Renner Community Improvement District pursuant to K.S.A. 12-6a26 et seq. (Olathe Gateway Project).
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Attachment(s):
A: 119th & Renner CID Petition
B: 119th & Renner CID Ordinance