*May 9, 2017—Mayor Bryan Jacobs Leads Discussion on Dollar Tree’s $110 Million Investment
Warrensburg, Mo. – On May 9, 2017 the Mayor and City Council approved an industrial development project for the new distribution center. This was Bryan Jacobs first Council meeting serving as the Mayor of Warrensburg. During the General Election in April, Robin Allen and Casey Lund were elected for three- year terms. Shortly after, Jacobs was voted to serve as the new Mayor.
At the beginning of the meeting, Mayor Jacobs introduced the public hearing segment where Tracy Brantner, Executive Director of the Johnson County Economic Development Corporation provided highlights about the project. Dollar Tree’s distribution center will be located on Highway 13 and NE 200 Road, the project will be the first to occupy Warrensburg’s new industrial park entitled “Brady Commerce Park.” The 1.2 million sq ft facility will cover about 27 acres under roof. The proposed project will employ 375 within 3 years and invest approximately $110 million.
The Chapter 100 bonds were essential to this opportunity. Chapter 100 is provided locally and then the State allows the sales tax exemption on the state sales tax portion. The Missouri Department of Revenue is the oversight agency. The project incentives available through Chapter 100 include a 75% average tax abatement on real and personal property over a 15 year period and a state, county and local sales tax exemption on the purchase of eligible construction materials. In addition, the project will be allowed an exemption on production- related machinery and equipment sales tax. The City partnered with several local entities for this project to be a success to include bond experts from Gilmore & Bell who have been guiding the community through the complex Chapter 100 process.
“The City of Warrensburg is well positioned to continue the positive momentum currently taking place in the community,” Warrensburg Mayor Bryan Jacobs said. “Businesses are choosing Warrensburg, more jobs are being created, which will ultimately lead to increased revenue for the city. While we have long known the great assets Warrensburg holds, we are excited that Dollar Tree saw the great opportunities as well.”
City Manager, Harold Stewart mentioned the school district never hesitated when asked to assist with the project. He sent out special recognition to the State of Missouri Partnership, Johnson County, Kansas City Power & Light, Missouri Gas Energy, Missouri American Water, city staff, and all individuals who teamed up to grow the City of Warrensburg.
*(Press Release Pending Company Approval) For further information, contact the City of Warrensburg at 660-747-9131.
Click here for Press Release: Mayor Bryan Jacobs Leads Discussion on Dollar Tree’s $110 Million Investment.pdf