Board Bill Number 162 In Session 2023-2024

Redevelopment Plan for the 3101-3115 South Jefferson Ave. and 2614-2624 Arsenal St. Redevelopment Area

Summary

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 3101-3115 South Jefferson Ave. & 2614-2624 Arsenal St. Redevelopment Area. The project consists of vacant lots in the Benton Park West neighborhood. The prospective redeveloper plans constructing a multi-story building with 49 senior citizen residential units, at the cost of $14.5 million. The redeveloper plans to utilize LIHTC and private funds for this project. Staff supports up to fifteen (15) years of tax abatement as follows: ten (10) years of tax abatement based on 90% of the assessed value of incremental improvements followed by five (5) years of tax abatement based on 50% of the assessed value of incremental improvements.

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Latest Bill text:

Overview

Session: 2023-2024

Introduced: 11/17/2023

Primary Sponsors: Alisha Sonnier

Latest Activity: Register Returns Notice with Ordinance Number

Ordinance: 71773 effective 01/26/2024

Legislative History

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

  • 11/17/2023

    First Reading

    Bill text was introduced (3.22 MB PDF).

  • 11/17/2023

    Referred to a Committee

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

  • 12/05/2023

    Committee Hearing

    The bill was passed out of committee with a recommendation of do pass during the Housing, Urban Development and Zoning Committee hearing.

  • 12/08/2023

    Second Reading

  • 12/08/2023

    Perfection

    The bill was passed.

  • 12/15/2023

    Engrossment

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

  • 12/15/2023

    Third Reading

    The bill was passed.

  • 12/15/2023

    Delivered to Mayor

  • 12/26/2023

    Mayor Returns Bill

    The bill was approved.

  • 12/26/2023

    Delivered to Register

  • 01/09/2024

    Register Returns Notice with Ordinance Number

    Register returns ordinance number 71773. Effective date is 01/26/2024

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.

2 Files have been uploaded
Title File Size
Documents provided by The St. Louis Development Corporation (SLDC) at the Housing, Urban Development and Zoning Committee meeting held Tuesday, December 5, 2023 in the Kennedy Room BoA Summary_Benton Park Place (2).pdf 1.07 MB
Documents provided by The St. Louis Development Corporation (SLDC) at the Housing, Urban Development and Zoning Committee meeting held Tuesday, December 5, 2023 in the Kennedy Room HUDZ December 2023.pdf 1.45 MB

Votes

12/15/2023 Vote Results

Aye Votes 13
No Votes 0
Final Passage Vote

View vote details

Ordinance

Ordinance Number: 71773

Effective Date: 01/26/2024

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