Board Bill Number 137 | Session 2023-2024
Chapter 99 Redevelopment Plan for the 4132 South Compton Ave. Redevelopment Area
This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 4132 South Compton Ave. Redevelopment Area. The project consists of the renovation of a single-family home in the Dutchtown neighborhood. The prospective redeveloper acquired the property from LRA and plans on renovating the home consisting of 3 bedrooms and 3.5 bathrooms at the cost of $350,000. The redeveloper plans to utilize private funds for this project and State Historic Credits. The house will be owner occupied. Based on the Recommended Abatement Map approved October 26, 2018 by Board of Aldermen Resolution 104, the staff recommends a 10-year tax abatement based on 95 percent of the assessed value of the incremental improvements.
Latest Bill text:
- Introduced (892.16 KB PDF)
Legislative activities and outcomes for this board bill. Learn more about what these activities mean.
Bill text was introduced (892.16 KB PDF).10/13/2023
Referred to a Committee
The bill was assigned to the Housing, Urban Development and Zoning Committee.11/14/2023
The bill was passed out of committee with a recommendation of do pass during the Housing, Urban Development and Zoning Committee hearing.11/17/2023
The bill was passed.
These materials are not a part of the legislation. They may be presented by the sponsor, other Board members, special guest speakers or others to help further explain the proposal, provide other evidence, give additional information and/or alternative ideas or opinions.
1 document has been uploaded Title File Size St. Louis Development Corporation (SLDC) presentation on BB137 during the Board of Aldermen’s Housing, Urban Development and Zoning Committee Meeting Tuesday, November 14, 2023 HUDZ November 2023_1.pdf 1.96 MB
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