Lee's Summit Land Clearance Authority Meeting Minutes January 2025
T&W Steel Co., Inc. Receives LCRA Incentive Package Recommendation
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Description
The Land Clearance for Redevelopment Authority recommended City Council approve the redevelopment incentive package for T&W Steel Co., Inc., including $565,653 in estimated incentives for their new industrial facility relocation and expansion over ten years.
Contract Details
Contract Amount
$565,653 (total estimated incentives, including $24,750 sales & use tax exemption and $77,510 property tax abatement)
Vendor
T&W STEEL CO INC
Agency
City of Green Ridge, MO
Contract Type
CONSTRUCTION
Document Date
January 29, 2025
Contract Term
10 years (75% property tax abatement for 10 years)
Renewal Date
2035-01-29
Renewal Info
75% property tax abatement lasts for 10 years as part of the LCRA plan. No auto-renewals.
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