The Lee’s Summit City Council has signed off on a tax increment financing agreement with Parrot Properties LLC, the developers of the $69 million Village at View High shopping center. The agreement guarantees $2.3 million in revenue for the developer through a community improvement district plus $5 million from the TIF, which jumps to $8 million if an anchor grocery store tenant is successfully brought into the development.
The Lee’s Summit City Council has signed off on a tax increment financing agreement with Parrot Properties LLC, the developers of the $69 million Village at View High shopping center. The agreement guarantees $2.3 million in revenue for the developer through a community improvement district plus $5 million from the TIF, which jumps to $8 million if an anchor grocery store tenant is successfully brought into the development. File photo
The Lee’s Summit City Council has signed off on a tax increment financing agreement with Parrot Properties LLC, the developers of the $69 million Village at View High shopping center. The agreement guarantees $2.3 million in revenue for the developer through a community improvement district plus $5 million from the TIF, which jumps to $8 million if an anchor grocery store tenant is successfully brought into the development. File photo

Council approves TIF agreement for $69 million Village at View High development

April 06, 2018 11:37 PM