The Lee's Summit City Council has stamped its approval on a set of incentives that will help Cerner expand its data center in Lee's Summit. The health IT company has purchased the north building at the Summit Technology Campus for about $106 million and plans to pour more than $422 million into new computer equipment, the Lee's Summit Journal reports.
The City Council has approved Chapter 100 incentives for the project, which will eliminate property taxes on Cerner's investment, the report says. As part of the deal, Cerner will make payments of roughly 50 percent of the taxes it would have paid. Additional payments in lieu of taxes will generate more than $1.3 million for local schools, the city, and other tax jurisdictions.