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Lenexa approves intent to issue about $9 million in IRBs, grants 10-year tax abatement for warehouse
Summary
The Lenexa City Council adopted a resolution expressing intent to issue approximately $9 million in industrial revenue bonds and approved a 10-year tax abatement and payment-in-lieu agreement for Lenexa Logistics Center East Building 1.
The Lenexa City Council adopted a resolution approving the city’s intent to issue about $9 million in industrial revenue bonds (IRBs) and a 10-year tax abatement for Lenexa Logistics Center East Building 1, a proposed approximately 50,000-square-foot office-warehouse facility in the Lenexa Logistics East business park.
Sean McLaughlin, city attorney, told the council the action follows a 2019…
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