The first glimpse the public will get of the new Gateway development agreement likely will come later this month when the packet for a Jan. 2 council work session is published.
The January session is the first scheduled meeting for the council to review and discuss what is expected to be the final agreement. Currently, the final votes on the development agreement and the special financing districts created to help fund the project will be taken on Jan. 16 by the council. Next week the planning commission will hold a hearing on the final site plan for the Gateway project and a Dec. 19 city council meeting will set the public hearing for Jan. 16 on creating the Community Improvement District (CID).
The development agreement and its final financing proposals are slated to be discussed by the council at the Jan. 2 work session and a Jan. 9 Finance and Administration Committee meeting.
Recently, Walmart agreed to participate in a half-cent sales tax addition for the CID. Other tenants had already agreed to an additional one-cent sales tax to pay the bonds. The council will have several options on the CID financing from applying a half-cent to all of the Gateway businesses or keeping the one percent on the others or some other combination of those two possibilities.
At a finance committee meeting Wednesday night Councilor Amy Miller suggested she might want 30 days to study the final agreement, which would put the Jan. 16 timetable in jeopardy. Developer Tom Valenti expressed concern that the timetable would be pushed back again. Earlier this fall, the city had projected final votes in late November.
Walmart is the major anchor for the development at Roe and Shawnee Mission Parkway, but residential units and a significant number of other retailers are included in the project.