NOTICE OF PUBLIC HEARING - 5 YEAR TIF REPORT (KOHL'S 2021-2025)

Notice of Public Hearing – 5 Year TIF Report (2021 – 2025)
Redevelopment Project Area 1 (Kohl’s)
I-44/US 63 TIF Redevelopment Plan & Project

In accordance with RSMo Section 99.865.3 the City of Rolla, Missouri will conduct a public hearing regarding the progress of the Redevelopment Project Area 1 (Kohl’s) of the I-44/US 63 Redevelopment Area at 6:30 pm on Monday, December 15, 2025 at Rolla City Hall (901 N. Elm St., Rolla, MO).  Redevelopment Project Area 1 and the redevelopment project for such area are described in the “I-44/US 63 TIF Redevelopment Plan & Project,” approved by Ordinance No. 3978 on October 18, 2010. In 2012, the redevelopment project was completed and Redevelopment Project Area 1 is currently occupied by a Kohl’s department store.  

There is no bonded indebtedness associated with Redevelopment Project Area 1, however, the City and Kohl’s Department Stores, Inc. are parties to a Redevelopment Agreement dated as of November 1, 2010, whereby incremental tax revenues are used to reimburse Kohl’s for certain eligible expenditures associated with the redevelopment. 

Any questions regarding this Notice should be directed to City Administrator Keith Riesberg at (573) 426-6948.

(For publication in Phelps County Focus on 11/13, 11/20, 11/27 and 12/4.)