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Marysville council sets April hearing for Rocky Heights improvement district; developer outlines funding steps
Summary
The City Council voted to set a public hearing April 14 to consider creating the Rocky Heights improvement district and directed staff to request an updated financial assurance letter for the development. Frontier Development Group gave a project update and described pending state funding applications.
The Marysville City Council voted to set a public hearing for 7 p.m. April 14 to consider establishing the Rocky Heights improvement district and directed city staff to request an updated financial-assurance letter for the Rocky Heights project.
The hearing will satisfy a statutorily required checkpoint before the council can take further action on a development district, Councilmembers said during the meeting. City staff and the developer said the updated assurance mirrors prior terms but replaces an expiring instrument while the project remains incomplete.
Tyler Holman of Frontier Development Group told the council the developer has advanced predevelopment work on the Kester project and has submitted plans and historic-preservation applications. Holman said the team has planned 12 residential units on upper floors, is adding an elevator to serve most units and has submitted environment and CDBG (Community Development Block Grant) materials covering the commercial portion. He said the project team has opened talks with the Kansas Department of Commerce about a shovel-ready loan program and has applied to the Kansas Housing Resources Corporation; decisions from those agencies, Holman said, will determine whether work begins.
Holman also said the developer has asked the council to consider engaging Gilmore & Bell to prepare industrial revenue bond (IRB) work that could make the project eligible for a sales-tax exemption; he emphasized that no construction would start until the key housing funding award is secured.
Council members discussed the legal and procedural role of the hearing, describing it as a public checkpoint that gives residents the opportunity to comment on the district before the council advances the next steps.
Council action: the council approved a motion directing staff to send an updated financial-assurance letter to the developer and later approved a motion setting the RHID hearing for April 14 at 7 p.m. The motions carried by voice vote; recorded tallies were not specified in the meeting transcript.
The hearing is scheduled to be part of the council's regular meeting on April 14, at which time the council will receive public comment and may consider subsequent steps for the Rocky Heights improvement district.
