Board Bill Number 261 In Session 2017-2018

Approv. amendment RPA2 City Foundry TIF

Summary

BOARD BILL #261 INTRODUCED BY ALDERMAN RODDY AN ORDINANCE RECOMMENDED BY THE TAX INCREMENT FINANCING COMMISSION OF THE CITY OF ST. LOUIS TO AMEND THE CITY FOUNDRY SAINT LOUIS REDEVELOPMENT PLAN AND REDEVELOPMENT PROJECT AREAS BY AMENDING THE REDEVELOPMENT PLAN BY: (1) COMBINING REDEVELOPMENT PROJECT AREAS 2 AND 3 INTO A NEW REDEVELOPMENT PROJECT AREA 2; (2) REVISING THE BOUNDARY BETWEEN REDEVELOPMENT AREA 1 AND THE NEW REDEVELOPMENT AREA 2; (3) CHANGING THE USE IN NEW REDEVELOPMENT AREA 2 FROM RESIDENTIAL TO RETAIL AND OFFICE; (4) REVISING THE FINANCING PLAN TO REMOVE TAX ABATEMENT AS AN INCENTIVE IN REDEVELOPMENT AREA 2; AND (5) ACTIVATING THE NEW REDEVELOPMENT AREA 2; ESTABLISHING THE CITY FOUNDRY SAINT LOUIS RPA2 SPECIAL ALLOCATION FUND; MAKING FINDINGS WITH RESPECT THERETO; AUTHORIZING CERTAIN ACTIONS BY CITY OFFICIALS; AND CONTAINING A SEVERABILITY CLAUSE.

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Overview

Session: 2017-2018

Primary Sponsors: Joseph D Roddy

Ordinance: 70750 effective 04/28/2018

Committee: Housing, Urban Development and Zoning

Legislative History

Legislative activities for this board bill. Learn more about what these activities mean.

  • 02/16/2018

    First Reading

  • 02/23/2018

    Second Reading

  • 03/02/2018

    Perfection

  • 03/09/2018

    Third Reading

Votes

03/09/2018 Vote Results

Aye Votes 19
No Votes 1
Final Passage Vote

View vote details

Ordinance

Ordinance Number: 70750

Effective Date: 04/28/2018

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