The Johnson County Board of County Commissioners convened on October 2, 2025, to discuss significant developments regarding the issuance of taxable industrial revenue bonds (IRBs) aimed at financing a new industrial facility in New Century, Kansas. The proposed resolution number 124-25 seeks to authorize the issuance of bonds not exceeding $25.3 million, alongside a 10-year ad valorem tax abatement on the facility's improvements.

During the meeting, Mr. Johnson, representing the airport commission, emphasized the economic impact of the airport as a vital regional asset and an economic engine for the county. He highlighted the importance of self-sustainability for airports, which is supported by the issuance of IRBs. These bonds are part of the county's economic development incentive program, designed to attract both aviation and non-aviation industries, ultimately creating jobs and fostering long-term growth.

The discussion also touched on the challenges of leasing land at the airport, which is not available for purchase. This leasing model can complicate efforts to attract tenants, as potential customers may be hesitant to commit to properties that are still under development. Mr. Johnson noted that the current land generates no revenue, making the development of new facilities crucial for financial sustainability.

Commissioners expressed their support for the initiative, acknowledging the collaborative efforts of the airport commission and bond counsel in navigating the complexities of the project. The meeting also clarified the structure of payments in lieu of taxes (PILOT) associated with the IRBs, which will ensure that a portion of property tax revenue continues to flow to local taxing jurisdictions.

In conclusion, the Board of County Commissioners is set to revisit the resolution for approval in the upcoming session, marking a significant step towards enhancing the economic landscape of Johnson County through strategic development at the airport.