ays city commissioners will decide Thursday whether to approve a resolution for improvement of East 41st Street from Home Depot east to Vineyard Park.
A 3/4-cent sales tax was enacted April 1, 2005, for the Home Depot Transportation Development District (TDD), which currently includes Home Depot, IHOP, Hampton Inn, Town Place Suites by Marriott, the former JT Travel Plaza and a yet-to-be developed area for 47,000 square feet of retail space.
The TDD tax outperformed projections allowing for the 2004 TDD bonds financing the Phase I improvements to be called early and completed in January 2018.
Special Counsel Kevin Wempe with Gilmore & Bell has determined the 3/4-cent TDD sales tax could continue until March 2027 to fund a portion of Phase II improvements.
(Read more: Hays Post)