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Home » News » Summit Place TIF Contract Passes In City Council

Summit Place TIF Contract Passes In City Council

Summit Place TIF Contract Passes In City Council

July 19, 2014

By Carlee Edwards
CarleeE@lstribune.net

City Council approved the Summit Place TIF contract which gives 18.5 million dollars to RED Development for their new Summit Place shopping center last Thursday night, July 10, at the Lee’s Summit City Council meeting at City Hall.

On May 14, 2014 the council approved the TIF plan for Summit Place. The plan was then finalized by staff on July first and submitted to council on July 2.

The contract was laid out plainly for the council, explaining the limits of the TIF contract and how exactly the city shall be reimbursed. The TIF contract provides certainty for the developer and requires adherence to the TIF rules that are contracted. RED Development has also developed the Summit Crossing center and Summit Fair, receiving TIF contracts from the city for both.

Money left over from the School District Education Grant and money left from the Summit Fair TIF can go into the Summit Place expenses which add up to 72 million dollars. Also, money from the Summit Place TIF can go to Summit Fair cost as long as the developer is substantially complete with both Summit Place and Summit Fair.

City Manager, Steve Arbo explained that this expansive project brings with it benefits for the whole city. It should create a new revenue stream for the city and expand the retail options in area.

“This represents the best outcome for the applicant and the city,” Arbo said. “Some level of subsidy is required in order for the retail expansion to occur.”

This application however was met with some concern by members of the council. Councilmember Holland expressed his doubt that the revenue from the completed project will bring in the amount expected.

“The money isn’t there,” Councilmember Holland said.

The council plans on having 2 million dollars ready for a power line removal project by next year, which should come in from the TIF contract reimbursement.  

“The chances on that happening are slim to none,” Holland stated.

Councilmember Holland then went on to question City Manager Arbo on his managing this project from the beginning.

“You were unable to get the developer to move even one dime,” Holland chided Arbo.

“If I truly believed that they needed something less than 18.5 million dollars then I would make every effort to get there,” Arbo defended his support of the project.
RED developed Summit Crossing and Summit Fair, which have both been commended in the community and people have expressed a desire for more retail options in the area.

It has been announced that the new shopping center would be focused around a Sam’s Club, which Councilmember Holland expressed his disapproval of.

 “This is the prime real estate area in Lee’s Summit and I don’t think Sam’s Club fills the need that we have,” Holland said.

“I think it contributes to the overall balance of that area,” Arbo defended

Councilmember Forte also spoke up in Arbo’s defense.

“He didn’t vote,” Forte stated. “We voted.”

The plan for this project has been in motion for some time, and although the budget has not decreased, the council has continued to vote in favor of it.

“When I first looked at it, I didn’t like it at all,” Counilmember Carlyle said before adding her present feelings on the matter. “The ultimate good for Lee’s Summit is to make this work.”

On a motion made by Mayor Pro Tem Gray, and second by Councilmember Binney, the Council again voted in favor of the contract between the City of Lee’s Summit and RED Development for their project area near U.S. 50 and Interstate 470 with 5 vote “Aye” and 3 “No” from Councilmembers Johnson, Holland and Mosby.



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