Bevo Community Improvement District
Details about the Bevo Community Improvement District
A community improvement district, to be known as “The Bevo Community Improvement District” (hereinafter referred to as the “District”), is hereby established pursuant to the CID Act on certain real property described below to provide services, construct improvements, impose taxes and carry out other functions as set forth in the Petition, which is attached hereto as Appendix A and incorporated herein by this reference.
The District boundaries are set forth in the Petition and are specifically described in Appendix B attached hereto and made a part of this Ordinance.
Apply to Serve (3 openings)
Openings include appointments labeled "Serving Beyond Term."
Ordinance 70353; Mo. Rev. Stat. Sections 67.1401 through 67.1571.
Board Duties and Purpose
The District is authorized by the CID Act, at any time, to issue obligations, or to enter into agreements with other entities with the authority to issue obligations, for the purpose of carrying out any of its powers, duties, or purposes. Such obligations shall be payable out of all, part or any combination of the revenues of the District and may be further secured by all or any part of any property or any interest in any property by mortgage or any other security interest granted. Such obligations shall be authorized by resolution of the District, and if issued by the District, shall bear such date or dates, and shall mature at such time or times, but not more than ten (10) years from the date of issuance, as the resolution shall specify. Such obligations shall be in such denomination, bear interest at such rate or rates, be in such form, be payable in such place or places, be subject to redemption as such resolution may provide and be sold at either public or private sale at such prices as the District shall determine subject to the provisions of Mo. Rev. Stat. §108.170.
The District is also authorized to issue such obligations to refund, in whole or part, obligations previously issued by the District.
Member RequirementsAppointments require Board of Aldermen approval.
The Petition provides that the District shall be shall be governed by a Board consisting of eleven (11) Directors (the "Directors" and each a "Director), such Directors to be appointed by the Mayor of the City with the consent of the Board of Aldermen, in accordance with the CID Act and the qualifications set forth in the Petition.
Qualifications: Each Director, during his or her term, shall meet the following requirements:
(a) be at least 21 years of age;
(b) be a Missouri resident for at least one (1) year prior to appointment to the Board; and
(c) either be an owner of commercial real property or its legally authorized representative within the District (" Property Owner"), an owner of a business or its legally authorized representative operating within the District ("Business Owner") or a Registered Voter.
Board Representation: In order to ensure fair representation of the District, the Board representation shall meet the following requirements:
(a) at least four (4) Directors shall be Property Owners and Business Owners concurrently; and
(b) at least three (3) Directors shall be Property Owners; and
(c) At least three (3) Directors shall be Business Owners.
(d) at least one (1) Director shall be a Registered Voter who is a Property Owner and a Resident of a Single-Family Property Owner; and
(e) at the Board's discretion, two (2) Registered Voters who are residents of the Bevo Mill Neighborhood, one (1) from the east side of Gravios and one (1) from the west side of Gravois who are not a property owner, business owner or a resident within the boundaries of the Bevo Community Improvement District who meets all the qualifications cited in 4 B 2 above may be appointed by the Mayor to serve as an Ex Officio Director. Said Ex Officio Director shall have no authority to make or second motions or to vote on any action that may come before the Board of Directors.
The failure of the Board to meet the preceding representation requirement shall not affect the Board's authority to hold meetings, exercise any of the District's powers, or take any action otherwise lawful.
Terms of the Initial Directors:
Three (3) of the Directors initially appointed by the Mayor with the consent of the Board of Aldermen shall serve an initial term of two (2) years; four (4) of the Directors initially appointed by the City shall serve an initial term of three (3) years; and four (4) of the Directors initially appointed by the Mayor shall serve an initial term of four (4) years. Ex Officio Director shall serve a term of two (2) years. The initial Directors shall serve for the term set out in the Ordinance of the Board of Aldermen appointing them and until their successor Directors are appointed.
Terms of Successor Directors:
Successor Directors shall serve a term of three (3) years and successor Ex Officio Directors shall serve a term of two (2) years on the Board.
Directors shall be appointed by the Mayor with the consent of the Board of Aldermen by resolution according to a slate submitted to the Mayor by the Board. Following submission of the slate to the Mayor.
Per Ordinance 70353, Section 4c states, no earlier than one hundred and eighty (180) days and not later than ninety (90) days prior to the first day of each fiscal year, the District shall submit to the Board of Aldermen a proposed annual budget for the District, setting forth expected expenditures, revenues, and rates of assessments, if any, for such fiscal year. The Board of Aldermen may review and comment on this proposed budget, but if such comments are given, the Board of Aldermen shall provide such written comments no later than sixty (60) days prior to the first day of the relevant fiscal year, such comments shall not constitute requirements, but shall only be recommendations.
Per Ordinance 70353, Section 8 states, within one hundred twenty (120) days after the end of the fiscal year, the District shall submit a report to the Register of the City and the Missouri Department of Economic Development stating the services provided, revenues collected and expenditures made by the District during the fiscal year. The Register shall retain this report as part of the official records of the City and shall also cause this report to be spread upon the records of the Board of Aldermen, pursuant to Section 67.1471 of the CID Act
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