Shawnee County commissioners voted unanimously Dec. 30 to adopt a resolution expressing the county’s intent to issue taxable industrial revenue/debt bonds in an estimated principal amount of $65,000,000 for a proposed multifamily housing project by Union Development Holdings LLC.

Bond counsel and county staff described the financing as an inducement resolution intended to allow the developer to pursue project exemptions and to seek low-income housing tax credits that will help finance construction. Bob Perry, appearing for bond counsel, said the project would pursue a project exemption certificate so contractors and developers would not pay sales tax on certain furnishing and fixture purchases, which Perry said “otherwise, the math doesn’t work.”

Perry and project counsel described the planned development as a mixed‑unit building downtown east of the water tower near 12th and Quincy, with approximately 101 one‑bedroom units, 84 two‑bedroom units and 66 three‑bedroom units, on land the developer has purchased near Eleventh and Twelfth east of Monroe. No public commenters spoke during the hearing, and counsel on the Zoom call (Ben Bigham of Pozzanelli) was available to answer questions about the financing structure.

Commissioners emphasized that the county’s action was an expression of intent and not a final approval of construction plans. Perry and county staff said the project still must complete city planning approvals and submit a cost‑benefit analysis and any ad valorem exemption paperwork necessary for future hearings. The board closed the public hearing and adopted resolution 2024‑95 by a 3‑0 vote.

Next procedural steps: developer counsel and county staff will complete required project documentation, and a bond resolution and any related ad valorem or exemption hearings will be scheduled as those documents are finalized.