Council to consider plan extending tax rebates for property upgrades
Business and residential properties along the Main Street corridor that undergo substantial improvements would qualify for 10 years of property tax rebates under a revitalization plan to be considered by the Lansing City Council.
The council will conduct a public hearing on the plan and then consider its adoption at its meeting today. The meeting begins at 7 p.m. at City Hall, 800 First Terrace.
The idea is to spur development within a short period of time. In addition to the Main Street corridor, the plan also defines a small area along Eisenhower Road at New Lawrence Road.
Among the benefits of the plan listed by the city are:
¢ It provides incentives for housing improvements through property tax refunds.
¢ It does not interfere with current property tax revenues.
¢ It will create new long-term tax revenue without creating a fiscal burden for the city or county.
¢ It will offer incentives for development where development might not otherwise occur.
¢ It will help reverse the outward migration of residents and the resulting deterioration of neighborhoods within the city.
A minimum investment of $10,000 would be necessary for a commercial project to be eligible for the rebate; the minimum threshold for residential properties in the corridor would be $5,000 to be eligible for the rebate. The rebates would be based on the increase in assessed value after the first year of the improvement's completion.
Here's the agenda:
¢ Consider minutes from the council's March 17 regular meeting and the March 24 special meeting.
¢ Proclaim April 11 as Arbor Day in Lansing, as part of the city's requirement to gain status as a Tree City U.S.A.
¢ Consider a resolution supporting the Kansas PRIDE program.
¢ Conduct a public hearing and consider a resolution adopting the Neighborhood Revitalization Plan.
¢ Consider purchase of two Polaris Ranger Utility vehicles for use at the Wastewater Utility Plant for a total of $16,538, from the low bidder Van Wall Equipment of Olathe.
¢ Consider a replat of The Maples of the Woodland Hills, Phase 4.
¢ Consider changing the name of Blueberry Court in Wyndham Hill subdivision to Allyssa Court.
¢ Consider approval of the final development plan for the Main Street Center extension.
¢ Consider prioritizing road and bridge projects for the Kansas Department of Transportation's five-year plan.
¢ Hear reports from city staff and council members.