The Overland Park City Council on Monday moved along projects that will help beautify two aging shopping centers in town with an added 1 percent sales tax.
First, the council approved a community improvement district and the imposition of a 1 percent CID sales tax for the Ranchmart South Shopping Center, located near 95th Street and Mission Road.
The CID will be used toward building façade improvements to the east and south buildings and to the parking structure adjacent to the south building.
The total estimated cost of the project is $8.1 million, with the CID bringing in $2.8 million.
The council also approved a CID and imposition of a 1 percent CID sales tax for the Nall Hills Shopping Center, located near 95th Street and Nall Avenue. The sales tax at both shopping centers would come to 9.85 percent.
The developer, Nall Hills Retail, LLC, plans to make building facade improvements to buildings in the shopping center, tenant improvements and related infrastructure improvements including surface parking, landscaping, sidewalks, lighting and signage.
A key feature of the project is the addition of a specialty grocery store within the center. The developer originally listed Sprouts as the store in planning documents but has since taken off the name in city documents. Leslie Karr of the planning department said she was not sure what the grocery store is going to be.
The total estimated cost of the project is around $24 million, with the maximum CID reimbursement being $6.6 million.
The council also approved Federally Taxable Private Activity Revenue Bonds in the amount not to exceed $2.9 million for this project as well.
Jennifer Bhargava: email@example.com