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9-23-2015


 

City ponders economic
incentives at I-435/45

by Alan McArthur
Landmark reporter

Parkville is showing its support to possibly use economic incentives for future development in the neighborhood improvement districts along Interstate 435 and Highway 45.

On Tuesday night the board approved a resolution stating its intent to consider any incentives presented to spur development in the area.

The Brush Creek Drainage and Brink Meyer Road Neighborhood Improvement Districts were created to construct infrastructure such as a sewer line and realign a roadway to spur development in the area. However the only development in the area has been a gas station and assessments for the improvements were placed on the property.

The first payments for assessments were due in December 2014, but payments for some properties were not received, leaving the city to cover the payments. For the Brush Creek assessment, 64 percent of the $391,949 total was collected and none of the $277,945 assessment for the Brink Meyer project was collected.

Lauren Palmer, city administrator, told the board some developers have approached the city about possible projects but have been reluctant to develop plans without knowing what incentives may be available.

The Parkville Economic Development Council voted to approve the resolution also. The only negative vote was from Jeanette Cowherd from the Park Hill School District who was worried about tax incentives impacting the school district.

Palmer said the city would attempt to use incentives with the least amount of impact on the school district.

The resolution states developers may use the incentives to offset the “financial hurdle” the assessments present to the properties.

The resolution also references a study done in August 2014 citing multi-family housing and year-round retail as being ideal for the area.

Jim Werner, alderman, said the resolution sends a signal to the development community that Parkville is open for business. But it is not binding and any final proposal would have to be approved by the board of aldermen.

Palmer said she has a meeting with an interested developer later this week and the developer has asked when the resolution may be approved.

The board approved the resolution with a vote of 8-0.