Tuesday, June 9, 2026

Endeavor to persevere

**Summary: Topeka Development Corporation (TDC) Board Meeting – June 9, 2026**

This was a short public meeting of the TDC Board (City of Topeka channel). Key attendees included Board President Duncan, Vice President Hoer, and other directors (Hiller, Ortiz, Baldi Aqua, Banks, etc.). Kale and Miller were absent.

### Main Agenda Items:

1. **Approval of May 19, 2026 Minutes**  
   Approved unanimously.

2. **Executive Session**  
   Recessed briefly (~15 minutes) for discussion of financial affairs/trade secrets related to a corporation (per KSA 75-4319). No action taken upon return to open session.

3. **Update on Hotel Topeka Sale to Endeavor Hotel Group LLC** (Item 6)  
   - IRB (Industrial Revenue Bonds) process moving forward with Shawnee County.  
   - Components: Sales tax exemption for improvements, property tax exemption, and private activity bonds.  
   - First reading done; final vote likely June 11 or 19.  
   - Negotiations ongoing for management agreement with the county.  
   - Endeavor remains committed to closing even without full agreement.  
   - Inspection period ends **June 14**; closing on or before **July 14**.

4. **Amendment #3 to Hotel Topeka Purchase Agreement** (Item 7)  
   - Allows assignment of the contract from Endeavor Hotel Group LLC to a new single-purpose entity: **YBR Properties WG Topeka LLC** (YBR).  
   - Reason: Standard practice to limit liability for the parent company. Endeavor will retain ~90% ownership.  
   - Original agreement restricted assignments (to prevent flipping) and has a 5-year post-closing transfer restriction (to closely held/affiliated entities).  
   - Board approved the amendment unanimously (10-0). Certificate of good standing for YBR provided.

5. **Approval of $16,289.25 for York Chiller Oil Filter Replacement** (Item 8)  
   - Emergency repair on the older York chiller at Hotel Topeka (contingent on governing body fund transfer).  
   - Background: Hotel had reliability issues with chillers since city purchase in 2023. They rehabbed one chiller (~$217k) and did minimal work on the York (~$34k previously).  
   - Current failure due to unavailable oil filter → retrofit needed.  
   - Recommendation: Fix it now (~60 days from closing) to maintain backup cooling capacity, especially for summer/high occupancy.  
   - (Transcription cuts off mid-discussion, but this was the core rationale.)

**Meeting Notes**: Focused heavily on the Hotel Topeka transaction and related maintenance. No other major developments or public comments detailed in the available transcript. The board moved efficiently.

This aligns with your ongoing coverage of Topeka hotel redevelopment, TDC/JEDO processes, and economic development incentives (IRB, etc.). Let me know if you'd like a deeper analysis, key quotes for a post/video, comparison to prior meetings, or help drafting commentary!

Henry McClure
785.383.9994 

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