UG committee meeting preview
Several development projects are on Monday night’s Unified Government Economic Development and Finance Committee meeting agenda.
The projects include an amendment to the downtown campus redevelopment agreement; an agreement for Scannell Properties to purchase 38 acres of UG property at the Woodlands project; a resolution of intent to issue industrial revenue bonds for the Marek at Mission Cliffs Apartments on West 39th; and resolutsion for the Yards II apartment and riverfront development in the West Bottoms.
Also on the July 6 agenda are a resolution authorizing the issuance of utility system revenue bonds for the Board of Public Utilities, and an ordinance authorizing utility and improvement revenue bonds.
The agenda also includes a first quarter budget to actuals financial report. The remote Zoom meeting will begin after the end of the Neighborhood and Community Development Committee meeting at 5 p.m.
An amendment to the downtown campus redevelopment agreement is on the July 6 agenda. The amendment will change earlier deadlines to align them with the planning process, according to the agenda.
Delays in the planning process will make the July 31 closing date impracticable, according to the resolution. Under the amendment, if closing conditions are not met on or before Dec. 15, the agreement can be terminated by either side. If the developer doesn’t receive final site plan approval and other required approval for the improvements on or before Dec. 3, the date will be extended to Jan. 15.
Woodlands area redevelopment
A purchase agreement for Scannell Properties to buy 34 acres of Unified Government-owned land for $2.031 million as part of the proposed Woodlands development is on the agenda.
The UG Economic Development and Finance Committee will consider the item on Monday, July 6.
A vote on the item is not scheduled on July 6. The matter will be back before the EDF Committee again for a vote on Aug. 10, according to the agenda.
Scannell Properties is proposing a development including a warehouse at The Woodlands, a former horse and dog racing track at 97th and Leavenworth Road, Kansas City, Kansas.
A real estate purchase agreement on Monday night’s agenda would add 34 acres of UG property to be sold to Scannell. The property is described as at the intersection of 99th and Leavenworth Road.
According to the agenda, the purchase price for the 34 acres is $2,031,495.78, based on a price of $59,055.11 per acre.
Mission Cliffs Apartment project
In other action, the Mission Cliffs Apartment development is requesting up to $26.3 million in industrial revenue bonds for the development project, according to the agenda.
The project is at 2913 and 2906 W. 39th Ave. and 3741 South Thompson Circle in Kansas City, Kansas. The developer is SPKS Mission Hills, LLC, an entity formed by Saxon Partners LLC of Hingham, Massachusetts. The development director is Steve Allison from Perry Holdings Development LLC.
The market-rate apartment complex will have two four-story connected apartment buildings with 162 total units, according to agenda information. There will be 80 studio apartments and about 82 one-bedroom apartments.
There will be an outdoor park along South Thompson Avenue with a wind sculpture garden, and buffers between the apartments and neighboring single-family homes.
Yards II Apartment and riverfront development plan
A 200-plus unit luxury apartment complex, the Yards II Apartments, is being planned in the West Bottoms near the Rock Island Bridge project. The UG will be asked to approve a development agreement. The committee also will be asked to set a public hearing date of 7 p.m. Aug. 13 on the redevelopment district.
According to agenda information, the project is on 3 acres of property west of State Line Road, east of the Kansas River, north of Kansas Avenue and south of I-70 in the West Bottoms of Kansas City, Kansas. Project costs are estimated at $41.1 million.
The developer, KC The Yards 2 LLC, an Indiana limited liability company, is owned by Flaherty and Collins Properties in Indianapolis.
According to the executive summary of the project in the agenda, the mixed-use project will be the same or better quality than the Yards Apartment Building at 1660 Genessee St. in Kansas City, Missouri.
The luxury apartments will be market rate, comparable to similar multi-family offerings. It will have 225 to 240 units, with 65 to 70 percent one-bedroom units and about 30 to 35 percent a mix of two-bedroom and three-bedroom units.
The project will have health and fitness facilities, outdoor kitchen and grills, patio space, unit washer and dryer, refrigerator, oven-range and microwave, elevator service, secure access and a dog park. The first floor of the building will have about 6,000 square feet of retail space for retail, restaurant and entertainment uses, according to the agenda.
Construction is to start on or before Dec. 31, 2023, and to be completed by Dec. 31, 2025, according to the agreement.
Incentives included in the project are pay-go tax increment financing capped at $11 million, a community improvement district sales tax of 1 percent. and industrial revenue bonds,
Neighborhood and Community Development Committee
The UG Neighborhood and Community Development Committee will meet at 5 p.m. in a Zoom meeting.
On the agenda is a Land Bank application for 725 S. 4th St., Edwardsville, one cell tower to provide low-cost internet service to Edwardsville residents.
Also on the agenda is an update on the rehab program from the Land Bank.
The meetings are expected to be shown on UGTV, a cable channel on Spectrum channel 2 and Google channel 141, as well as on YouTube.
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