City of Brentwood Board of Aldermen Regular Meeting Agenda 2026-06-15
City Approves Development Agreement With Extra Space Storage
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Description
Brentwood approved a development agreement with Extra Space of Brentwood MO LLC for a mixed-use storage and retail project. The city will issue IRBs with a 20-year abatement period and participation in PILOT payments, as well as reimburse eligible signage costs above $1.15 million and up to $125,219 in OMCI stormwater funds.
Contract Details
Contract Amount
Taxable industrial revenue bonds (IRB); up to $1,150,000 eligible costs for signs; reimbursed up to $125,219 in OMCI funds
Vendor
EXTRA SPACE OF BRENTWOOD MO LLC
Agency
City of Brentwood, MO
Contract Type
OTHER
Document Date
June 15, 2026
Contract Term
Abatement period of 20 years; project and bond deadlines by 2026-12-31
Renewal Date
2046-08-31
Renewal Info
Development agreement terminates with project completion, bond failure, or default. Tax abatement runs for 20 years post-construction.
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City of Brentwood Board of Aldermen Regular Meeting Agenda 2026-06-15
City of Brentwood Board of Aldermen Regular Meeting Agenda 2026-06-15
City of Brentwood Board of Aldermen Regular Meeting Agenda 2026-06-15
City of Brentwood Board of Aldermen Regular Meeting Agenda 2026-06-15
City of Brentwood Board of Aldermen Regular Meeting Agenda 2026-06-15
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