Last week, Leavenworth city commissioners approved a resolution to provide a financial incentive for the renovation of the local Price Chopper store.
Commissioners approved a resolution of intent to issue industrial revenue bonds.
City Manager Paul Kramer said issuing industrial revenue bonds will allow the developers to utilize the city’s exemption for state and local sales taxes for labor and building materials.
Kramer said the resolution approved last week was non-binding, but it was a show of good faith on the part of the city government.
He said additional financial incentives for the project will come before city commissioners during future meetings.
Joel Riggs, a representative of Super Market Developers, said approval of the resolution last week allowed the developers to move forward with the purchase of equipment that required 12-14 weeks of lead time.
Super Market Developers is a subsidiary of Associated Wholesale Grocers.
Riggs said Balls Food Stores, the owner of the Leavenworth Price Chopper store, is partnering with Associated Wholesale Grocers for the project.
He said the project will be an investment on the part of the owner of about $12 million.
Riggs said the goal of the renovation project is to make the local Price Chopper appear to be a new store inside and out.
He said the plan is to start the project in the late summer or early fall and have it completed by the summer of 2021.
He said the store will remain open during the construction.
“The store will not be closed,” Riggs said. “We will be phasing it.”
Commissioners approved the resolution by a vote of 4-0. Commissioner Jermaine Wilson had to leave the meeting early and did not participate in the vote.
Commissioners participated in the meeting using an online videoconferencing service.
Kramer said other matters related to the renovation project will come before commissioners during the next couple of months including a development agreement and public hearings for some of the financial incentive requests.
“There’s still a lot to come,” he said.