Columbia agrees to annex 45 acres that will become site of trucking facility

COLUMBIA, Mo. (KMIZ)

The Columbia City Council on Monday night approved to annex more than 45 acres of land into the city that will eventually become a trucking facility.

The agreement was made with KW COU, LLC for a property on the north side of Enterprise Drive, east of Route Z. The 45.15-acre area was not considered within the city before and as a result was not able to connect to the city’s sewer system.

The sewer that would serve the property was also discussed last year during a sewer extension agreement between the city and Setzer Properties.

“Per the Extension Agreement, compensation for the installed improvements to KW COU, LLC would be generated from future connection of the 35 properties within a defined 675-acre ‘service territory,’ the council memo states. “Distribution of collected revenue to compensate KW COU, LLC for the sewer main extension expenses is only permitted to occur once approval of the attached annexation agreement has been given. Distribution of collected revenue to off-set incurred expenses to KW COU, LLC has a specified term of 20 years following approval of the annexation agreement.”

Proposed trucking facility has an estimated investment value between $35 million-$40 million, per the memo. A number of FedEx signs were seen at the property on Monday.