STAR bond definition
Examples of STAR bond in a sentence
On July 16, 2015, the City Council of the City (the “Governing Body”) adopted Resolution No. 19-2015 indicating that the Governing Body was considering the establishment of a STAR bond district (the “STAR Bond District”) pursuant to K.S.A. § 12-17,160 et seq., as amended (the “STAR Bond Act”) and established a date for a public hearing on such proposed establishment.
The District may consist of multiple STAR bond project areas as delineated in one or more STAR bond project plans to be approved for property within the District.
The parties recognize and acknowledge certain provisions in the Act governing the "relocation" of certain businesses into STAR bond districts, and the parties specifically agree that none of the STAR Bond Proceeds may be spent in any manner that directly benefits any Auto Dealerships that relocate from elsewhere in the State of Kansas into the District.
Adjacent to the attractions and located in the STAR bond district also would be apartments and senior housing.
HSP understands that the statutory requirements for this study are articulated in the Kansas STAR Bond Act at K.S.A. 12, 17,166(b), and state that any city or county proposing to undertake a ST AR bond project within a STAR bond project district established pursuant to K.S.A. 12-17, 165, and amendments thereto, shall prepare a feasibility study.
Representatives of Derby Destination Development, LLC are here today to present and respond to questions about a proposal to bring attractions to Derby's STAR bond district for an outdoor adventure sports complex with a hotel, public access lagoon, and indoor waterpark plus an aerial park and glamping business.
The Project is seeking use of various public tax investments, including STAR bond financing.
The Parties, together with Goodsports Village Wichita, LLC and Goodsports Communities, Inc., entered into a Development Agreement dated September 13, 2013 (the “Original Development Agreement” and with all amendments thereto the “Agreement”) in connection with a STAR bond district created by the City pursuant to K.S.A. § 12-17,160 et seq., as amended, known as the K-96 Greenwich STAR Bond District (the “District”), within the City.
Each active STAR bond project in the Wichita MSA supports distinctly different major tourism attractions and retail components.
The Parties have entered into a Development Agreement dated September 13, 2013 (the “Original Development Agreement” and with all amendments thereto the “Agreement”) in connection with a STAR bond district created by the City pursuant to K.S.A. § 12-17,160 et seq., as amended, known as the K-96 Greenwich STAR Bond District (the “District”), which comprises over 400 acres of property located within the City.