Housing, Urban Development and Zoning Committee Meeting

07/07/21, 2:00 PM - 4:00 PM

Notice: St. Louis City officials recommend that residents follow CDC guidance for COVID-19 safety. Current CDC guidance states that people should avoid large events and gatherings when possible, and use masks and social distancing when gathering with those outside your household. Please use a virtual meeting option if you can. See the CDC website for guidance on large and small gatherings.

Aldermanic Committee Meeting
Housing, Urban Development and Zoning

Admission: Free.

Overview:

Due to the COVID-19 virus the Board of Aldermen is holding regular meetings by electronic Webinar. Each meeting will have an electronic link and phone number that can be used to view and/or listen to a meeting. Each meeting will also have a Meeting ID Number that can be used if requested while you are accessing the meeting.

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You may also watch the meeting on Youtube @https://youtube.com/CityofStLouisMO   

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Meeting ID: 82138562249
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Meeting ID: 82138562249

Public Hearing 
The Committee will take Public Comment on Board Bill Numbers 71, 72 and 73 as well as any of the Resolution Numbers listed below. Please see the below instructions on how to register to speak to the committee. 

Public Hearing Procedures:
Those interested in making a comment should send an email expressing their interest to speak as well as their name, street address, email contact address and the Board Bill and/or Resolution Number(s) they wish to speak about. This email should also indicate whether you are “for”, “against” or have “no position” on the Board Bill or Resolution. This email should be sent to the Board of Aldermen Clerk - Mr. Terry Kennedy at: kennedyt@stlouis-mo.gov.

Persons may also call 314 589-6845 and leave a message with the above information. Those who do not have an email address or wish to call into the meeting by phone to speak, should call the phone number above and express their interest to speak as well as leave their full name, phone number  and all the requested information above. 

Those responding by email will receive an email confirmation and then later a link that will allow them to join the meeting as a speaker. Procedures will also be sent to you. Those calling in will receive a return phone call with this information. 

All requests to speak must be made by 11am - July 7, 2021. Speakers will be called to speak in accordance to the Rules of the St. Louis Board of Aldermen which can be found on the Board of Aldermen Website.

https://www.stlouis-mo.gov/government/departments/aldermen/rules/index.cfm 

Written comments to be shared with the committee about the listed items below may be emailed toMr. Terry Kennedy at: kennedyt@stlouis-mo.gov. They may also be mailed to: Mr. Terry Kennedy; Clerk St. Louis Board of Aldermen; Board of Aldermen Room 230; St. Louis City Hall; St. Louis, Mo. 63103.  

The committee will meet to review and discuss the following:   

Board Bills

Board Bill Number 2
Introduced by President Lewis E Reed, Alderman John Collins-Muhammad, Alderman Jeffrey L Boyd

The United States government recently has enacted legislation appropriating additional funding for City activities and expenses related to the COVID-19 pandemic. In this Ordinance, the Board of Aldermen authorizes the Mayor or his or her designees to apply for and accept funds received from the American Rescue Plan Act of 2021, Pub. L. No. 117-2, § 9901 (March 11, 2021), directs the Comptroller to establish a new account for the receipt of funds (solely to the extent received), appropriates the funds (solely to the extent received); containing a severability clause; and containing an emergency clause. Appropriation of this funding will greatly benefit the public by providing additional resources for addressing housing instability and public health and welfare.

Board Bill Number 71
Introduced by Alderwoman Tina (Sweet-T) Pihl

This Board Bill will approve the City Foundry Saint Louis Tax Increment Financing (TIF) Second Amended RPA 2 Redevelopment Plan. The City Foundry Saint Louis TIF was approved in 2017 by passage of Ordinance No. 70431. The Redevelopment Area described in the Redevelopment Plan was originally divided into four Redevelopment Project Areas (“RPA”). TIF was adopted in RPA 1 upon passage of Ordinance No. 70431. In 2019, by passage of Ordinance No. 70750, the Redevelopment Plan was amended to rearrange RPA boundaries and describe a more detailed redevelopment proposal for RPA 2. The City Foundry Saint Louis Tax Increment Financing (TIF) Second Amended RPA 2 Redevelopment Plan further amends the Redevelopment Plan with respect to RPA 2 only. The first phase of the RPA 2 redevelopment project, consisting of an approximately 46,000 square foot dining and entertainment building (the “Alamo Drafthouse Building”) is under construction; however, the remainder of RPA 2 is still vacant. The proposed amendment to the Redevelopment Plan will revise the scope of the redevelopment project for RPA 2 to include: • Completion of the Alamo Drafthouse Building. • Construction of approximately (a) 37,000 square feet of retail space, (b) 59,000 square feet of office space, (c) 280 residential apartments, and (d) 492 structured parking spaces in the remainder of RPA 2. • Increase in the total TIF assistance from $17,259,000 to $18,000,000. • $60 million+ increase in private investment, resulting in the percentage of total costs funded by TIF decreasing from 17.7 percent to 11.25 percent of total costs.

Board Bill Number 72
Introduced by Alderwoman Tina (Sweet-T) Pihl

This Board Bill will approve an Amended and Restated Redevelopment Agreement and Financing Agreement in connection with the City Foundry Saint Louis Tax Increment Financing (TIF) Second Amended RPA 2 Redevelopment Plan. The City Foundry Saint Louis TIF was approved in 2017 by passage of Ordinance No. 70431. The Redevelopment Area described in the Redevelopment Plan was originally divided into four Redevelopment Project Areas (“RPA”). TIF was adopted in RPA 1 upon passage of Ordinance No. 70431. In 2019, by passage of Ordinance No. 70750, the Redevelopment Plan was amended to rearrange RPA boundaries and describe a more detailed redevelopment proposal for RPA 2. The City Foundry Saint Louis Tax Increment Financing (TIF) Second Amended RPA 2 Redevelopment Plan further amends the Redevelopment Plan with respect to RPA 2 only. The City and FOPA Partners, LLC entered into a Redevelopment Agreement dated as of June 13, 2019 with respect to RPA 2. This redevelopment agreement must now be amended to conform to the Second Amended RPA 2 Redevelopment Plan. In connection with the Second Amended RPA 2 Redevelopment Plan and Amended and Restated Redevelopment Agreement: • The Developer will completion of the Alamo Drafthouse Building. • The Developer will construction of approximately (a) 37,000 square feet of retail space, (b) 59,000 square feet of office space, (c) 280 residential apartments, and (d) 492 structured parking spaces in the remainder of RPA 2. • The total TIF assistance will increase from $17,259,000 to $18,000,000. • The total private investment will increase by $60 million+, resulting in the percentage of total costs funded by TIF decreasing from 17.7 percent to 11.25 percent of total costs.

Board Bill Number 73
Introduced by Alderwoman Tina (Sweet-T) Pihl

This Board Bill will authorize the issuance of taxable industrial revenue bonds to facilitate a sales and use tax exemption on construction materials purchased in connection with the multi-family residential, office, retail and structured parking portions of the RPA 2 Redevelopment Project described in the City Foundry Saint Louis Tax Increment Financing (TIF) Second Amended RPA 2 Redevelopment Plan. The bonds are payable only from lease revenues paid by the Developer and not from any City tax revenues. Additionally, the Board Bill (see Section 3.1 of Exhibit F) requires the Developer to make a $1,800,000 Equitable Development Contribution to the Affordable Housing Trust Fund, which will be used for affordable housing purposes in the 17th Ward and North of Delmar.

Event published: Jul 2, 2021 1:04 PM
Last updated: Jul 6, 2021 11:12 AM

Location:
Webinar

Sponsor:
Board of Aldermen

Email:
Kennedy, Terry

Phone:
(314) 622-3287

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