(Published at Wichita.gov/LegalNotices on March 27, 2026)
NOTICE OF PUBLIC HEARING
IN CONNECTION WITH TAXABLE INDUSTRIAL REVENUE BONDS
BY THE CITY OF WICHITA, KANSAS
Public notice is hereby given that the City Council (the "City Council") of the City of Wichita, Kansas (the "City"), will conduct a public hearing in connection with the City's Taxable Industrial Revenue Bonds issued on December 22, 2022 in an aggregate principal amount of not to exceed $14,500,000 (the "Bonds"). Such hearing will be conducted on Tuesday, April 7, 2026, or at such later date as shall be established by the City Council during the meeting, at 9:00 A.M., or as soon thereafter as possible, at City Hall, 455 N. Main, Wichita, Kansas 67202. Webb Industrial, LLC (the "Company") has requested the City increase the level of the ad valorem property tax exemption in the last five (5) years the Bonds are outstanding from 50% to 95% per year on the buildings located at 9451 East 40th Street North and 4065 North Webb Road (collectively, the "Project") in the City. The Bonds provided the basis for an ad valorem tax exemption of the financed assets of the Project, issued under authority of K.S.A. 12-1740 et seq., as amended.
A copy of this Notice, together with a copy of the Company's request to the City to increase the level of the ad valorem property tax exemption and a report analyzing the costs and benefits of such ad valorem property tax exemption, are on file in the office of the City Clerk and are available for public inspection during normal business hours. A copy of the proposed Resolution of the City and the Amended Agreement for Payment in Lieu of Taxes is on file in the office of the City Clerk and available for public inspection during normal business hours.
In the event the increase in the ad valorem property tax exemption is ultimately not approved for any reason, the City shall not be deemed to have assumed or incurred any liability or obligation to the Company or any other party by virtue of any proceedings or actions taken in connection therewith.
All persons having an interest in this matter will be given an opportunity to be heard at the time and place specified.
The City Council will not adopt a Resolution amending the percentage of the ad valorem property tax exemption until the public hearing is concluded.
CITY OF WICHITA, KANSAS
By: /s/ Shinita Rice, City Clerk
IPL0326290
Mar 27 2026