CONSTRUCTIONAPPROVED

City of Mission Special City Council Meeting Agenda Packet 2026-06-03

Mission Approves $10.28M TIF Deal with Encore Land LLC

Reimbursement cap for Private TIF Eligible Expenses of $10.28 million; purchase of City parcel for $250,000City of MissionENCORE LAND LLCJune 3, 2026

Trusted by teams at

Description

The City of Mission approved an Amended and Restated Redevelopment Agreement with Encore Land, LLC for the Encore Multi-Family Project, establishing a $10.28 million TIF pay-as-you-go incentive, sale of a city-owned parcel for $250,000, and strict requirements for affordable housing, LEED certification, and public parking. The agreement formalizes a 20-year TIF reimbursement and project milestones. Encore Land, LLC is responsible for delivering the 180-unit development including public benefits as stipulated in the contract.

Contract Details

Contract Amount

Reimbursement cap for Private TIF Eligible Expenses of $10.28 million; purchase of City parcel for $250,000

Vendor

ENCORE LAND LLC

Agency

City of Mission, KS

Contract Type

CONSTRUCTION

Document Date

June 3, 2026

Contract Term

Construction commencement by October 1, 2026; Project completion by December 31, 2028; TIF reimbursement period July 1, 2028 – June 30, 2048 (20 years)

Renewal Date

2048-06-30

Renewal Info

No automatic renewal; City holds right of reversion on parcel if project fails to proceed; Amendment history documented, with this agreement restating and amending previous redevelopment contracts for the site.