Town of Butler City Council Meeting Minutes May 5, 2026
Butler OKs $11.46M Chapter 100 Plan for Hertzog
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Description
The City of Butler approved an Industrial Development Plan Agreement with Hertzog Meat Company involving $11,462,000 in Chapter 100 industrial revenue bonds. The project will redevelop the former Wal-Mart into a food processing and retail facility with tax abatements and payments in lieu of taxes over a ten-year term.
Contract Details
Contract Amount
$11,462,000.00
Vendor
HERTZOG MEAT COMPANY
Agency
Town of Butler, MO
Contract Type
FINANCIAL_SERVICES
Document Date
May 5, 2026
Contract Term
10 years (expected bond term)
Renewal Info
Industrial development revenue bonds structured over an expected ten-year term; property is city-owned during the term and reverts to Hertzog upon bond payoff. Any future ownership changes must return to City Council for approval.
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Town of Butler City Council Meeting Minutes May 5, 2026
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