Unified Government Economic Development & Finance Committee Agenda March 30, 2026
UG weighs $250M IRB package for NorthPoint logistics park
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Description
The Unified Government is considering an amendment to its industrial revenue bond agreement with NorthPoint Development LLC to increase the maximum bond authorization by $95 million to a total of $250 million for the Turner Logistics Center. The amendment maintains a 10‑year property tax abatement with PILOT payments and adds a $202,500 Community Benefit Fund contribution per new bond issuance, with a public hearing scheduled for April 16, 2026.
Contract Details
Contract Amount
Increase of $95,000,000 for a revised total of $250,000,000 in industrial revenue bonds
Vendor
NORTHPOINT DEVELOPMENT LLC
Agency
Wyandotte County, KS
Contract Type
FINANCIAL_SERVICES
Document Date
March 30, 2026
Contract Term
Property tax exemption for 10 years from completion of each of eight buildings; sales tax exemption on construction
Renewal Date
2029-12-31
Renewal Info
Amends the 2019 master Resolution of Intent R-36-19 by increasing the authorized aggregate bond amount; existing 10‑year abatement terms, PILOT schedule, and issuance window through December 31, 2029 remain in effect.
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