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Shawnee County approves up-to-$65 million revenue bonds for Union at Tower District
Summary
The Shawnee County Commission approved a resolution authorizing up to $65 million in multifamily housing revenue bonds for the Union at Tower District development after a public hearing. The bonds will support construction of a 250‑unit apartment project and provide sales‑tax exemptions for construction materials.
The Shawnee County Board of County Commissioners on April 3 approved a resolution authorizing issuance of multifamily housing revenue bonds of up to $65,000,000 to finance construction of the Union at Tower District project.
Bond counsel Bob Perry opened a public hearing on the resolution, describing the project as a 250‑unit multifamily complex near Southeast Quincy and 11th Street being developed by an affiliate of the Annex Group. Perry said the project will use proceeds to acquire, construct and improve the facility and that sale of low‑income housing tax credits to investors is part of the financing plan. The county’s bond resolution will permit the developer to claim sales‑tax exemptions for construction materials, Perry said.
Perry also told the commission the City Council had approved a reinvestment or modified tax increment district for the site to allow the developer to recoup a portion of costs. No public speakers registered for or against the project during the hearing.
After closing the hearing, the commission voted to adopt Resolution No. 2025‑29. The motion passed unanimously, 3‑0.
The resolution authorizes the county to issue industrial revenue bonds labeled as multifamily housing revenue bonds in an amount not to exceed $65,000,000 and does not itself appropriate county general funds for the project. Details on final bond terms, purchasers of tax credits or the developer affiliate’s legal name were not specified in the hearing record.
The county’s action triggers state and federal reporting requirements tied to tax‑exempt financing and the tax‑credit equity structure; bond counsel said the public hearing was required by the tax code to permit the sales‑tax exemption and other bond privileges.
Commissioners present at the meeting were Aaron Mace (chair), Bill Rippon and Kevin Cook. Bond counsel Bob Perry presented the item and took questions from the commission before the hearing was opened and closed.
