Lee's Summit Land Clearance Authority Meeting Minutes January 2025
LCRA Incentives Recommended for T&W Steel Co., Inc. Expansion
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Description
The Lee's Summit Land Clearance for Redevelopment Authority recommended approval of LCRA incentives for T&W Steel Co., Inc., supporting the relocation and expansion of their steel fabrication business. The package includes sales/use tax exemptions and a ten-year real property tax abatement, with total estimated incentives of $565,653.
Contract Details
Contract Amount
$565,653 (total incentives: $24,750 sales/use tax exemption + $77,510 real property tax abatement)
Vendor
T&W STEEL CO INC
Agency
City of Green Ridge, MO
Contract Type
OTHER
Document Date
January 29, 2025
Contract Term
10 years property tax abatement
Renewal Date
2035-01-29
Renewal Info
10-year fixed PILOTs schedule, with abatement granted for 10 years. No mention of auto-renewal or extensions.
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