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Merriam council approves funding agreement to study incentives for Antioch–Shawnee Mission development
Summary
The City Council voted 6-0 to accept a funding agreement with Slater Investors, LLC, and to receive a $30,000 retainer to pay consultants to evaluate possible TIF or CID incentives for development at the northwest corner of Shawnee Mission Parkway and Antioch.
The Merriam City Council voted 6-0 to approve a funding agreement with Slater Investors, LLC, to pay consultants to evaluate potential public incentives for a proposed project at the northwest corner of Shawnee Mission Parkway and Antioch.
The agreement, presented by city staff, requires a $30,000 retainer from the developer to cover outside legal and professional costs while the city studies the viability of tax-increment financing (TIF), a community improvement district (CID) or other public–private partnership structures. City staff and the…
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