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Sedgwick County approves interlocal to administer Keych Eye neighborhood revitalization plan
Summary
The Sedgwick County Commission voted 4-1 to approve an interlocal agreement letting the county administer Keych Eye’s neighborhood revitalization program, which offers temporary property-tax rebates to encourage rehabilitation and new construction in four target areas.
The Sedgwick County Board of County Commissioners voted 4-1 on Wednesday to approve an interlocal agreement with the City of Keych Eye and two local school districts to administer a neighborhood revitalization plan designed to attract housing and commercial investment.
Anissa Redd, division of finance, told commissioners the program “is designed to stimulate development, improve quality of life and address aging infrastructure and dilapidated properties,” and that “the core of the plan is to offer property tax rebates as an incentive.” The plan would rebate taxes on the incremental increase in building value after improvements; residential rehabilitation would receive a 100% rebate for five years, while new residential construction would receive a 50% rebate. Commercial projects would…
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