City Considers $56M IRBs for Compass 70 Project
City of Bonner SpringsCity · Bonner Springs, KS- Disclosed value
- Not to exceed $56,000,000 (bond principal)
- From agenda
- Document date
- Nov 10, 2025
- Term
- 10-year property tax abatement period
The 30-second brief
The City will consider authorizing issuance of up to $56 million in taxable Industrial Revenue Bonds to finance Scannell Properties, LLC’s Building 3A project at the Compass 70 Logistics Center. The project includes a 10‑year, 70% property tax abatement contingent on community investment commitments.
Scannell Properties LLC holds this financial services contract with City of Bonner Springs. Its other public contracts on record include work for City of Manteca and Lakota Local Schools.
Term as filed: 10-year property tax abatement period.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $56,000,000 (bond principal)
- Document date
- November 10, 2025
- Term
- 10-year property tax abatement period
- Vendor
- Scannell Properties LLC
- Agency
- City of Bonner Springs
- Source document
- City of Bonner Springs Council Agenda November 2025 (Agenda)
Scannell Properties LLC's other public contracts
More City of Bonner Springs contracts
Questions about this contract
Who was awarded the financial services contract by City of Bonner Springs?
Scannell Properties LLC was awarded this financial services contract by City of Bonner Springs, as recorded on November 10, 2025. The contract value is Not to exceed $56,000,000 (bond principal).
How much is the Scannell Properties LLC contract with City of Bonner Springs worth?
The Scannell Properties LLC contract with City of Bonner Springs is valued at Not to exceed $56,000,000 (bond principal), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in City of Bonner Springs Council Agenda November 2025 (Agenda), dated November 10, 2025 from City of Bonner Springs. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Scannell Properties LLC hold?
Scannell Properties LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Bonner Springs currently buying?
Explore City of Bonner Springs's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.