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Board approves development agreement, chapter 100 tax abatement for proposed Extra Space self‑storage
Summary
The Brentwood Board of Aldermen approved Resolution 15-94 authorizing a development agreement with Extra Space in the Manchester Road corridor that uses Chapter 100 industrial revenue authority to offer a partial tax abatement on improvements; planning approvals remain separate.
The Brentwood Board of Aldermen on June 15 approved Resolution 15-94 authorizing a development agreement with Extra Space of Brentwood, Missouri LLC to build a multi-story, climate‑controlled self‑storage facility with first‑floor retail along the Manchester Road corridor.
An applicant representative described the project as new construction for long‑vacant lots near the eastern end of Manchester and Hanley Road and said the agreement is tied to the broader Manchester Road redevelopment plan. "The project would involve construction of a multi story climate controlled self storage facility with 1st Floor retail, surface parking, related improvements, and monument sign within the Manchester Road corridor," the representative said.
City staff and the City Attorney explained the financing vehicle: the city would use Chapter 100 taxable industrial revenue authority to issue industrial development bonds that allow certain tax exemptions and a partial tax abatement on improvements only. The City Attorney told the board the agreement contemplates a 20‑year partial abatement on improvements and that pilot payments would apply; the transcript language about the exact pilot‑payment term was unclear and is recorded as such in the meeting record.
Mayor David Dimmit and other board members stressed that the development agreement is a financing and redevelopment mechanism only. The City Attorney emphasized that the applicant must still obtain separate conditional‑use and site‑plan approvals through planning and zoning before construction can proceed.
The board moved and the motion carried by voice vote to approve Resolution 15‑94. The resolution authorizes the city to enter the development agreement; it does not, by itself, approve site plans or land‑use permits.
What’s next: the applicant will proceed through planning and zoning reviews (conditional‑use permit, site plan approval) required by the city before construction.
