Tax Increment Financing Commission
04/15/20, 8:00 AM - 10:00 AM
Notice: Because of the Global Pandemic declared on March 11, 2020, and subsequent Federal, State and Local Public Health Orders, for the protection of the public and in keeping with CDC guidelines, meetings will be restricted to no more than 10 persons maintaining a distance of 6 feet apart. Many meetings will be held via video/teleconference in lieu of in-person meetings. Please review the meeting notice closely for instructions on where/how to join the meeting.
NOTICE OF PUBLIC HEARING
Please take notice that on the 15th April, 2020 at 8:00 a.m., at the offices of the St. Louis Development Corporation, 1520 Market Street, Suite 2000, St. Louis, Missouri 63103, the Tax Increment Financing Commission of the City of St. Louis (the "TIF Commission") will hold a public hearing to consider the approval of the Iron Hill Redevelopment Plan pursuant to the Real Property Tax Increment Allocation Redevelopment Act, Sections 99.800-99.865, RSMo.
Because of the Global Pandemic declared on March 11, 2020, and subsequent Federal, State and Local Public Health Orders, the public may observe and participate in the public hearing only through the following means:
Via Zoom Meeting, https://zoom.us/j/539578999, Meeting ID: 539 578 999
Via telephone by calling (253) 215-8782, Meeting ID: 539 578 999#.
The proposed Redevelopment Plan applies to a redevelopment area consisting of 15 acres in the Midtown Neighborhood bounded by South Grand Blvd. on the East, Chouteau Ave. on the South, South Spring Ave. on the West and Gratiot St. on the North. Redevelopment Area includes all of City Blocks 2184, 2187.03, and 2187.04. The proposed project consists of a large mixed-use development that is expected to include residential apartments, office space, retail, hotel and structured parking uses. Significant roadway, sidewalk and signalization improvements will also be included in the project. The developer has requested $60.66 million in TIF assistance for the approximately $334.5 million redevelopment project.
The proposed redevelopment plan calls for the use of TIF funds for public and private improvements, including, without limitation, (i) acquisition of property, (ii) construction of public improvements serving the redevelopment area, (iii) environmental remediation, (iv) rehabilitation of the existing structure and (v) professional services. A draft of the proposed redevelopment plan is available for review at: https://www.stlouis-mo.gov/government/departments/sldc/documents/iron-hill-tif.cfm.
The public and representatives of all taxing districts affected by this proposed redevelopment plan are invited to submit comments to the attention of the TIF Commission prior to the date of the hearing at the address listed below. All interested persons will be given an opportunity to be heard at the public hearing.
Tax Increment Financing Commission of the City of St. Louis
c/o St. Louis Development Corporation
1520 Market St., Suite 2000
St. Louis, Missouri 63103
Tax Increment Financing Commission
Persons with special needs who need accommodations relating to accessibility should contact Amanda Bloomfield at firstname.lastname@example.org or by phone at (314) 657-3708 or (314) 589-6000 (TTY). Prior notice of two business days is recommended for accommodation requests.
Mar 25, 2020 11:41 AM
Last updated: Apr 3, 2020 3:31 PM
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