STAR Bond Project District - Extension of Time RECEIVED
CITY MANAGER'S OFFICE •
ow,PER Asp P
`*4,t* r4 AUG
7 20�5 phone: (785)296-3481 L*** * * ; 7.—
1000 fax: (785)296-5055
Topeka,S.W. 66612- S5,Suite 100 an s a S admin @kansascommerce.com
Topeka,KS 66612-1354 jl fax:
Pat George,Secretary Department of Commerce Sam Brownback,Governor
August 3, 2015
Jason Gage
City Manager
City of Salina
300 West Ash
P.O. Boxes 736
Salina, KS 67402-0736
Re: . STAR Bond Project District—Downtown Salina
Dear Mr. Gage:
Thank you for your August 3, 2015 letter requesting additional time for the city to submit its
STAR Bond Project Plan. You explain the city and developer have been working diligently to
develop the substantive components of the Project Plan as well as the financing structure for the
Project. The financing structure is complex as the Project involves multiple public and private
revenue sources.
The Salina STAR Bond Project District was deemed an "eligible area" within the meaning of
K.S.A. 12-17, 165 pursuant to my letter to the City dated May 8, 2015. In my May 8th letter, I
indicated the city should submit a proposed STAR Bond Project Plan within 90 days from the
date of your eligibility finding or August 6, 2015.
I appreciate the complexity of all STAR Bond projects and this project in particular. It is also
important for the city to submit a fully developed and comprehensive STAR Bond Project Plan.
Therefore,-I grant the city's request for an extension of time to submit the Project Plan The Plan
is currently due August 6,2015, arid I will extend that date until November 6, 2015. As part of
this extension process, I ask the city and developer to keep Commerce staff updated on the
progress and status of this Project.
I you have any questions please call me at (785) 296-2741.
Since ly,
iii
Pat George /
Secretary
•