Gilmore & Bell, P.C.
09/30/2024
(Published in the Great Bend Tribune on October 10, 2024)
RESOLUTION NO. 100724-E
A RESOLUTION OF THE CITY OF GREAT BEND, KANSAS, STATING THAT THE CITY IS CONSIDERING THE ESTABLISHMENT OF A STAR BOND PROJECT DISTRICT WITHIN AN ELIGIBLE AREA OF THE CITY AND PROVIDING FOR NOTICE OF A PUBLIC HEARING TO CONSIDER SUCH ESTABLISHMENT UNDER THE AUTHORITY OF THE STAR BOND ACT.
WHEREAS, pursuant to K.S.A. 12-17,160 et seq., as amended (the “Act”), the City of Great Bend, Kansas (the “City”) is authorized to create a STAR bond project district within an eligible area of the City for certain purposes set forth in the Act; and
WHEREAS, the City is considering establishment of a STAR bond project district to be known as the “Great Bend STAR Bond Project District” to promote, stimulate and develop the general and economic welfare of the State of Kansas and the City as a major commercial entertainment and tourism area; and
WHEREAS, the City intends to hold a public hearing to consider establishment of the “Great Bend STAR Bond Project District” which shall consist of: (i) a portion of the Great Bend Municipal Airport property located East of SW 60 Avenue, South of W. Barton County Road, West of Runway 17/35; and North of SW 10 Road; and (ii) a parcel of property commonly known as 3017 10th Street; including public rights of way adjacent thereto, all within the City; and
WHEREAS, the Act provides that prior to creating any STAR bond project district, the City shall, by resolution, call a public hearing to consider establishment of the STAR bond project district and shall give notice of the public hearing in accordance with the Act.
NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF THE CITY OF GREAT BEND, KANSAS, AS FOLLOWS:
Section 1. Public Hearing. Notice is hereby given that the City Council of the City (the “City Council”) will conduct a public hearing to consider establishment of the Great Bend STAR Bond Project District on October 21, 2024, at 6:30 p.m. or as soon thereafter as possible, at City Hall, located at 1209 Williams Street, Great Bend, Kansas. At the public hearing, the City Council will consider findings necessary for establishment of a STAR bond project district. Following the conclusion of the public hearing, the City Council will consider an ordinance making certain findings related to and establishing the Great Bend STAR Bond Project District.
Section 2. District Boundaries and Location. The legal description of the proposed boundaries of the Great Bend STAR Bond Project District are described on Exhibit A attached hereto. A map generally outlining the boundaries of the proposed Great Bend STAR Bond Project District is attached hereto as Exhibit B. A description and map of the proposed Great Bend STAR Bond Project District will be available for inspection at City Hall, 1209 Williams Street, Great Bend, Kansas, during regular business hours.
Section 3. District Plan. The Great Bend STAR Bond Project District plan is as follows (the “District Plan”):
The buildings and facilities to be constructed or improved in the Great Bend STAR Bond Project District generally include a mixed-use development consisting of some or all of the following uses: entertainment uses, exhibition uses, retail uses, restaurant uses, other general commercial development; hotel uses; visitor amenities; and associated public and private infrastructure. The Great Bend STAR Bond Project District may consist of multiple STAR bond project areas as delineated in one or more STAR bond project plans to be approved for property within the STAR bond project district.
Section 4. Applicable Incentives. The following state, federal, and local tax incentives apply, or are anticipated to apply, within the Great Bend STAR Bond Project District, or a business located or to be located within the Great Bend STAR Bond Project District:
STAR bond financing; tax exempt financing; community improvement district financing; tax increment financing; and/or economic development revenue bond financing and related tax abatements and exemptions.
Section 5. Notice. The City Clerk will give notice of the public hearing in accordance with the provisions of the Act, which include that a copy of this Resolution and Exhibits A and B attached hereto, will be:
(a) Provided via certified mail, return receipt requested, to the Board of County Commissioners of Barton County, Kansas; and the Board of Education of USD 428, Barton County, Kansas (Great Bend).
(b) Provided via certified mail, return receipt requested, to each owner and occupant of land within the proposed Great Bend STAR Bond Project District not more than 10 days following the date of adoption of this Resolution.
(c) Published once in the official City newspaper not less than one week nor more than two weeks preceding the date fixed for the public hearing.
(d) Posted at a prominent location on the first page of the website of the City.
Section 6. Bond Authority; Reimbursement. The Act provides that certain STAR bond project costs, interest on interim financing and associated financing costs are to be paid by the issuance of bonds of the City (the “Bonds”). The Bonds may be issued to reimburse expenditures made on or after the date which is 60 days before the date of this Resolution, pursuant to Treasury Regulation 1.150-2.
Section 7. Further Action. The Mayor, City Administrator, and other officials and employees of the City, including Gilmore & Bell, P.C., Bond Counsel, are hereby further authorized and directed to take such other actions as may be appropriate or desirable to accomplish the purposes of this Resolution.
Section 8. Effective Date. This Resolution shall be effective upon adoption by the City Council.
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ADOPTED by the City Council of the City of Great Bend, Kansas on October 7, 2024.