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Governing body approves Sunflower Crossing redevelopment plan, TIF and CID for South Topeka site
Summary
The governing body approved the Sunflower Crossing tax increment finance (TIF) project plan, a development agreement with BHI Development Inc. and a 1% community improvement district (CID) to reimburse up to $1.88 million over a capped term; staff said the total project cost is estimated at $16 million.
The governing body voted to adopt the Sunflower Crossing redevelopment project plan and related financial incentives, approving a development agreement with BHI Development Inc. and an ordinance to create a 1% community improvement district (CID) for the South Topeka site.
Deputy City Manager Braxton Copley summarized the project as three buildings at the northwest corner of Topeka Boulevard and Kansas Avenue — a QuickTrip convenience store to be third-party owned, a 3,500-square-foot retail box, and a 6,500-square-foot build-to-suit restaurant or…
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