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Council approves IRBs and PILOT agreement for Merriam Grand Station apartments
Summary
The council approved ordinance-level industrial revenue bonds and a payment-in-lieu-of-taxes (PILOT) arrangement for the Merriam Grand Station apartments, setting a fixed annual PILOT payment to taxed entities while providing the developer with a property-tax abatement for a term.
MERRIAM, Kan.
The Merriam City Council on Aug. 25, 2025 waived the customary first reading and then approved an ordinance authorizing industrial revenue bonds and associated bond documents for the residential component of Merriam Grand Station, and it approved a payment-in-lieu-of-taxes (PILOT) arrangement to mitigate effects on other taxing entities.
City staff explained the IRB structure is the statutory mechanism by which a developer…
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