Mission has come to an agreement for the purchase price of the old Neff Printing building at 7080 Martway. The site is scheduled to become a 32-unit affordable senior housing project, but that is dependent on the approval of low income housing tax credits from the Kansas Housing Resource Corporation (KHRC).
Brinshore Development has agreed to pay the city $283,500 for the property in a combination of payments for the property and administrative fees. The city had paid $280,000 to acquire the building. However, the city also funded a “lost opportunity study” for $8,500 to determine if better options were available for the site. Brinshore has agreed to pay for demolition of the existing building.
At a finance committee meeting Wednesday, councilor Amy Miller voted against sending the agreement on to the full council for approval. She has previously opposed the senior housing project, contending a better solution for the property might be available in the future. She also asked for a full accounting of the amount the city has spent on the property.
Even if the council approves the sale price and pre-development agreement with Brinshore next week, several hurdles remain that could stop the project. The first of those is the decision on state tax credits, which is expected in May. The second would be a council decision on a tax increment financing district or neighborhood revitalization district that would provide funding to the project.
Closing on the sale would not occur unless those issues can be worked out and the project gets plan commission approvals and a final development agreement approval.