The Ways and Means Committee will meet to discuss and review the following:
Board Bill Number 1
Introduced by President Lewis E Reed, Alderman Joseph Vollmer
This bill is the City’s Annual Budget Appropriation for the Fiscal Year beginning July 1, 2020 and ending June 30, 2021, amounting in the aggregate to the sum of One Billion, One Hundred Sixteen Million, Three Hundred Seventy-Five Thousand, Four Hundred Ninety-Seven Dollars ($1,116,375,497) which sum is hereby appropriated from Revenue and Special Funds named for the purposes hereinafter enumerated and containing an emergency clause.
Board Bill Number 53
Introduced by Alderwoman Heather Navarro
The purpose of the bill is to establish a Community Improvement District (“CID”) known as the Forest Park TOD Community Improvement District.
Board Bill Number 55
Introduced by Alderman Joseph D. Roddy
This Board Bill seeks to establish the Iron Hill Community Improvement District in order to remediate blight within the proposed district; construct, reconstruct, install repair, maintain and equip various improvements within the proposed district; impose a sales and use tax; impose a special assessment; and carry out other functions authorized by Section 67.1400 et seq, RSMo. The proposed district is generally bounded by Gratiot Street to the North, S. Grand Boulevard to the East, Chouteau Avenue to the South, and Spring Street to the West. In addition, this Bill seeks to confirm prior determinations that the area within the proposed district is blighted and that the proposed district with serve a public purpose.
Board Bill Number 57
Introduced by Alderwoman Christine Ingrassia
Overall Purpose/Reasons for the Board Bill This Board Bill creates the Soccer Stadium Community Improvement District (the “District”). What the Board Bill Will Do The Master Redevelopment Agreement among the City, TKFC LC, and the Land Clearance for Redevelopment Authority of the City of St. Louis, approved by Ordinance No. 71109, contemplates that the District will be created upon proper petition to the City. The Master Redevelopment Agreement and this Board Bill contemplate that, subject to approval of the qualified voters (i.e., the owners of real property within the District), the District will impose a 1.0% sales and use tax within its boundaries (the “District Sales Tax”). The revenues from the District Sales Tax will be used to fund certain eligible improvements and services related to the development of a professional soccer stadium and related team facilities, including: • Remediation of blighted conditions within the District, including demolition and clearance of existing structures; • Street, sidewalk and lighting improvements throughout the District; • Storm and sanitary sewer improvements throughout the District; • Utility improvements throughout the District • Landscape improvements throughout the District; • Parking improvements throughout the District; and • Public safety, marketing and economic development services as permitted by the CID Act. The Main Components of the Board Bill Attached to the Board Bill is the Petition for the creation of the District. The Impact of the Board Bill to the Community The Board Bill is in furtherance of the Redeveloper’s investment of more than $500 million in the City to attract an expansion Major League Soccer franchise and construct a professional soccer stadium and related team facilities.
Event Type: Aldermanic Committee Meeting
When: Thursday, June 18, 2020 at 10:00 AM
Ward: Many Wards
Contact Phone: (314) 622-3287