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Council continues public hearing, approves IRB letter of intent after applicant adds jobs commitment
Summary
WAM 4200 LLC expanded its proposal to include capital investment and five new jobs, which staff said qualified it for an 80% property tax abatement; council closed the hearing and adopted the resolution.
The Wichita City Council took action on a request by WAM 4200 LLC to issue industrial revenue bonds (IRBs) for acquisition and renovation of three existing buildings at 4200 West Harry.
Troy Anderson, assistant city manager, said WAM 4200 proposed roughly $2 million in renovations, plus a new commitment to create five manufacturing jobs for aircraft parts and auxiliary equipment. That additional employment changed the incentive…
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