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Johnson County to consider $75 million IRBs, 10‑year PILOT for cold storage at New Century
Summary
Airport development staff asked the Board of County Commissioners Aug. 14 to authorize issuance of taxable industrial revenue bonds up to $75 million and a 10‑year PILOT to finance a cold‑storage facility at New Century Airport.
Johnson County Airport staff presented Resolution No. 092‑25 on Aug. 14 to authorize the issuance of taxable industrial revenue bonds (IRBs) not to exceed $75 million to finance construction of a cold‑storage industrial facility at New Century (the project commonly described as Yukon/CJ Logistics and serving Flora Food Group). Staff also proposed a 10‑year ad valorem tax abatement on improvements beginning at $0.46 per square foot escalating 2%…
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