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Council extends milestones for Galleria and City Place projects; approves related sales-tax exemption extension
Summary
The Overland Park City Council approved amendments extending project milestones for the Galleria and City Place redevelopment agreements and extended a previously approved resolution of intent to issue economic development revenue bonds (sales-tax exemption) for a component of City Place.
At its May 5 meeting the Overland Park City Council unanimously approved amendments that extend developer milestone deadlines for two multi-phase redevelopment projects and extended a related resolution of intent for a sales-tax exemption.
Christy Stallings, a city economic development staff member, told the council the Finance Administration Economic Development Committee had unanimously recommended the milestone extensions for the Galleria project and for components of the City Place redevelopment. Stallings explained these…
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