First Published June 30, 2010
Public notice is hereby given that the Governing Body of the City of Edgerton, Kansas (the “City”), will conduct a public hearing on Thursday, July 8, 2010, at 7:00 p.m., or as soon thereafter as may be heard, at the Edgerton Community Building, 404 E. Nelson Street, Edgerton, Kansas, in regard to the proposed issuance by the City of its Industrial Revenue Bonds in multiple series, the maximum aggregate principal amount of all series not to exceed $500,000,000 (the “Bonds”) and in regard to an exemption from ad valorem taxation for property constructed or purchased with the proceeds of the Bonds.
The Bonds are proposed to be issued in multiple series under authority of K.S.A. 12-1740 et seq., as amended, to provide funds for acquiring, constructing and equipping a logistics park (the “Logistics Park”) adjacent to the planned BNSF Railway Company intermodal project. The Logistics Park will consist of numerous distribution, warehouse and office facilities built in multiple phases over approximately ten years. The Logistics Park will be located on approximately 560 acres of land surrounded by 191st Street to the south, Waverly Road to the east, and US-56 Highway to the west, and a parcel of land located on the northeast corner of 183rd Street and Waverly Road. The City intends to own each building in the Logistics Park and further intends to lease each building to various entities.
The applicant, the Allen Group-Kansas City, LLC, has requested a 10-year, 75% property tax abatement for the property constructed or purchased with the proceeds of each series of the Bonds. It is anticipated that a separate series of the Bonds will be issued for each building constructed in the Logistics Park, and that each building will receive a separate 10-year, 75% property tax abatement.
A copy of this Notice, together with a copy of the proposed Resolution of Intent of the City indicating the intent of the Governing Body of the City to issue the Bonds and a report analyzing the costs and benefits of such property tax exemption, are on file in the office of the City Clerk and available for public inspection during normal business hours.
All persons having an interest in this matter will be given an opportunity to be heard at the time and place above specified.
Dated this 30th day of June, 2010.
David B. Dillner, City Clerk