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Leawood council adopts Hallbrook North redevelopment plan, approves TIF and CID incentives
Summary
The Leawood City Council unanimously approved a redevelopment plan and incentives for the Hallbrook North project, authorizing a 20‑year tax increment financing district, a 22‑year 1.5% Community Improvement District and a resolution indicating intent to issue industrial revenue bonds for sales tax exemptions on construction materials. The council recorded the consultant feasibility findings and committed to using a 5% share of captured TIF revenue for park improvements.
The Leawood City Council on Dec. 15 unanimously adopted a redevelopment project plan for the Hallbrook North site and approved a package of public incentives the developer requested, including a 20‑year tax increment financing (TIF) district and a 22‑year Community Improvement District (CID) carrying a 1.5% added sales tax on district sales.
City bond counsel Kevin Wimpey and financial advisor David Arterberry presented the development agreement and an updated feasibility analysis prepared for the city. Arterberry summarized the revenue projections the city relied on: roughly $108.7 million in captured incremental property tax over 20 years, about $9.9 million from the proposed CID, and about $18.8 million from redirected transient guest taxes, with combined incentives and sales‑tax exemptions estimated in the low hundreds of millions over the statutory terms. Wimpey told the…
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