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Valley Center approves tax-rebate package and backs KDOT grant application for National Plastics expansion
Summary
Valley Center council approved a five-year tax-rebate (with possible five-year renewal) for National Plastics to reimburse increases in city property taxes tied to a planned expansion and rail spur, and authorized the city to sponsor a KDOT grant application for the rail improvement. Council discussed rail logistics and state legislation affecting abatements.
Valley Center council voted to approve a tax-rebate agreement with National Plastics that will reimburse increases in the city portion of general property taxes for tax years 2027 through 2031, with a city review in 2031 to consider extending the rebate for up to five additional years. The approved package is structured as a reimbursement to the company for the incremental city tax revenue generated by its planned expansion north of the existing facility.
City staff told the council National Plastics plans a roughly 36,000-square-foot plant expansion and a rail spur. The rebate structure is tiered under the city's economic development policy: capital investment and…
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