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Council approves Chapter 100 taxable IRB for KCI Raymore Building 4 LLC
Summary
Raymore approved an ordinance authorizing taxable industrial revenue bonds under Chapter 100 for the KCI Raymore Building 4 LLC project; the measure passed unanimously on second reading.
The Raymore City Council on Sept. 22 approved on second reading an ordinance authorizing taxable industrial revenue bonds for the KCI Raymore Building 4 LLC project under the city’s Chapter 100 framework. The council voted unanimously, 8-0, to approve Bill 39 86, which authorizes the city to enter required agreements and take related actions to support the industrial development project. Council Member Dougwund moved the approval; Council Member Holman seconded. The ordinance was read by title only and no additional terms or incentives were read into the record at the meeting. The bill was presented as part of unfinished business and passed without recorded dissent. The transcript shows the council intends for the action to facilitate an industrial development project, but the ordinance title and meeting record did not detail bond size, tax abatement amounts, or project schedule.
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