Board Bill Number 199 In Session 2017-2018

Redevelopment plan for 4601 South Broadway

Summary

BOARD BILL NO. 199 INTRODUCED BY ALDERMAN DAN GUENTHER An ordinance approving a Redevelopment Plan for the 4601 South Broadway. ("Area") after finding that the Area is blighted as defined in Section 99.320 of the Revised Statutes of Missouri, 2000, as amended, (the "Statute" being Sections 99.300 to 99.715 inclusive), containing a description of the boundaries of said Area in the City of St. Louis ("City"), attached hereto and incorporated herein as Exhibit "A", finding that redevelopment and rehabilitation of the Area is in the interest of the public health, safety, morals and general welfare of the people of the City; approving the Plan dated September 26, 2017 for the Area ("Plan"), incorporated herein by attached Exhibit "B", pursuant to Section 99.430; finding that there is a feasible financial plan for the development of the Area which affords maximum opportunity for development of the Area by private enterprise; finding that no property in the Area may be acquired by the Land Clearance for Redevelopment Authority of the City of St. Louis ("LCRA") through the exercise of eminent domain; finding that the property within the Area is unoccupied, but if it should become occupied the Redeveloper shall be responsible for relocating any eligible occupants displaced as a result of implementation of the Plan; finding that financial aid may be necessary to enable the Area to be redeveloped in accordance with the Plan; finding that there shall be available 10 year tax abatement (first 5 years based on 100% of the assessed value of the incremental improvements and second 5 years based on 0% of the assessed value of the incremental improvements) ; and pledging cooperation of the Board of Aldermen and requesting various officials, departments, boards and agencies of the City to cooperate and to exercise their respective powers in a manner consistent with the Plan.

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Overview

Session: 2017-2018

Primary Sponsors: Dan Guenther

Ordinance: 70695 effective 01/27/2018

Committee: Neighborhood Development

Legislative History

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

  • 11/17/2017

    First Reading

  • 12/01/2017

    Second Reading

  • 12/08/2017

    Perfection

  • 12/15/2017

    Third Reading

Votes

12/15/2017 Vote Results

Aye Votes 25
No Votes 1
Final Passage Vote

View vote details

Ordinance

Ordinance Number: 70695

Effective Date: 01/27/2018

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