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The council approved a development agreement and related measures to create the Merriam Town Center Community Improvement District, set up new budgeting funds, and authorize up to $32 million in industrial revenue bonds for nearby commercial projects.
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The council moved forward with a major redevelopment package for the Merriam Town Center area near Interstate 35 and Johnson Drive. It approved a development agreement, created the Town Center community improvement district, and set up a new fund so district money can be tracked separately. The council also approved a resolution of intent to issue up to $32 million in industrial revenue bonds, which can help provide sales tax exemptions for qualifying construction materials and equipment. Separately, the council authorized staff to notify Johnson County of its intent to exceed the revenue neutral rate and hold public hearings on August 24, after staff said the city faces about $400,000 in reduced general fund revenue for 2027.
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