VIDEO: Housing, Urban Development and Zoning Committee, November 18,2020

Housing, Urban Development and Zoning Committee, November 18,2020
The committee will meet to review and discuss the following:
Discussion
Annual TIF Report from SLDC.

Board Bills
Board Bill Number 136
Introduced by Alderwoman Dwinderlin Evans

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the N. Newstead Ave./Lexington Ave./Whittier Ave./Kennerly Ave. Redevelopment Area. This Board Bill will allow up to a twenty-five (25) year tax abatement; 10 years tax abatement based on 95% of the assessed value of the incremental improvements followed by 15 years tax abatement based on 50% of the assessed value of the incremental improvements. This Area includes 154.36 acres of both occupied and unoccupied residential and commercial buildings and vacant lots.

Board Bill Number 159
Introduced by Alderman Joseph D. Roddy

This Board Bill eliminates the 4494 Lindell Special Allocation Funds for the TIF due to the Developer failing to enter into the Redevelopment Agreement timely without an extension. The Special Allocation Funds will pass through any PILOTs and EATs captured to the statutory Taxing Jurisdictions.

Board Bill Number 164
Introduced by Alderman Joseph D. Roddy

This Board Bill determines that the Tax Increment Financing Plans listed in Exhibit “A” that were established five, ten, fifteen or twenty years ago are making satisfactory progress, except as noted, as required by Section 99.865.3 RSMo.

Board Bill Number 165
Introduced by Alderman Joseph D. Roddy, Alderwoman Heather Navarro

This Board Bill eliminates the Maryland Plaza North, Convention Center Hotel, 1141-1151 South Seventh Street, 1312 Washington and MLK Plaza Special Allocation Funds for these Tax Increment Financings (TIFs) because the City payed off and retired the Notes/Bonds for said TIFs. The Special Allocation Funds will pass through any PILOTs and EATs captured to the statutory Taxing Jurisdictions.

More information:
City of St. Louis: https://ift.tt/1mi93KN
Board of Aldermen https://ift.tt/1ZhZE6y

This video is the result of a law passed in 2016 by 21st Ward Alderman Antonio French. The historic “Transparency in Government Law” requires all public meetings of the St. Louis Board of Aldermen; the Board of Estimate & Apportionment; the Board of Public Service; and the Preservation Board be recorded and made available on an official City of St. Louis YouTube channel.

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