Board Bill Number 138 In Session 2023-2024

Chapter 99 Redevelopment Plan for the 3041 Locust Blvd. Redevelopment Area

Summary

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 3041 Locust Blvd. Redevelopment Area. This Area has a parcel that includes a commercial building that is in the Midtown Neighborhood. The property in the Area is currently blighted and is in a deteriorated condition that constitutes an economic liability to the City. The building was purchased for $1.1 million. The prospective redeveloper plans on renovating the commercial building at 3041 Locust St. into 8 apartments and 5,800 sf for offices for the approximate cost of $4.7 million including acquisition. Private financing and historic tax credits will be sought to finance the project. This Board Bill includes no use of eminent domain and ten (10) year tax abatement based on 75 percent of the assessed value of the incremental improvements.

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Latest Bill text:

Overview

Session: 2023-2024

Introduced: 10/13/2023

Primary Sponsors: Laura Keys

Latest Activity: Register Returns Notice with Ordinance Number

Ordinance: 71757 effective 01/18/2024

Legislative History

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

  • 10/13/2023

    First Reading

    Bill text was introduced (2.83 MB PDF).

  • 10/13/2023

    Referred to a Committee

    The bill was assigned to the Housing, Urban Development and Zoning Committee.

  • 11/14/2023

    Committee Hearing

    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

    Second Reading

  • 12/01/2023

    Perfection

    The bill was passed.

  • 12/08/2023

    Engrossment

    The bill was engrossed during the Engrossment, Rules, Resolutions and Credentials Committee.

  • 12/08/2023

    Third Reading

    The bill was passed.

  • 12/08/2023

    Delivered to Mayor

  • 12/18/2023

    Mayor Returns Bill

    The bill was approved.

  • 12/19/2023

    Delivered to Register

  • 01/09/2024

    Register Returns Notice with Ordinance Number

    Register returns ordinance number 71757. Effective date is 01/18/2024

Supporting Materials

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 BB 138 during the Board of Aldermen’s Housing, Urban Development and Zoning Committee Meeting Tuesday, November 14, 2023 HUDZ November 2023_.pdf 1.96 MB

Votes

12/08/2023 Vote Results

Aye Votes 13
No Votes 0
Final Passage Vote

View vote details

Ordinance

Ordinance Number: 71757

Effective Date: 01/18/2024

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