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Council consents to add parcel to Hunter Industrial Park after county explains FILO incentives
Summary
The council unanimously approved a resolution consenting to include property in the Multi County Business Park (Hunter Industrial Park) after a special guest from the county explained fee-in-lieu-of-tax (FILO) treatment, a 50% special-source revenue credit for up to 15 years, and a previously agreed revenue split that directs 25% of net fee payments to the city.
The City Council voted unanimously to consent to the inclusion of a parcel into a Multi County Business Park within the City of Lawrence — adding territory to Hunter Industrial Park — after a county representative explained how the multi-county park mechanism and fee-in-lieu-of-tax (FILO) arrangements work.
When a council member asked which property would be added, the presiding officer invited a special guest to explain. Unidentified Speaker 3 described the county’s multi-county park…
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