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City Officials Aid Ottawa Industrial Growth Plan
Ottawa officials outlined a revenue bond plan to attract industry led by H. D. Lee. The city sells bonds to a Kansas City bank to fund land and building costs, then leases to Lee with 20-year repayment via lease payments. Lee gains a tax break for 10 years, while the city may reuse the building if needed and uses a similar plan to entice other firms through Ottawa Industrial Development, Inc.
MENTIONED IN THIS ARTICLE
Linda Ellis
Ottawa
H. D. Lee Company
Ottawa City Commission
H. D. Lee
Ing
City National Bank
Kansas City
Lee
Donald Capper
Lee Company
Otetawa