Board Bill Number 131 In Session 2024-2025

Appropriation of a Portion of the Rams Settlement Funds

Summary

This Board Bill is recommended by the Board of Estimate and Apportionment appropriating a portion of funds received under the settlement agreement reached with the National Football League and the Los Angeles Rams. It authorizes certain expenditures of such funds, to the extent received, to support reinvestment in downtown and disinvested neighborhoods, including North and Southeast St. Louis, meeting certain thresholds under the Economic Justice Index; directs the investment of funds while agencies program and plan for necessary expenditures consistent with the Board Bill; provides that the City shall seek a return on any funds used for real estate rehabilitation projects in disinvested areas; and authorizes contracts and other documents to expend the funds, to the extent received. It contains a severability clause and contains an emergency clause.

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Overview

Session: 2024-2025

Introduced: 11/15/2024

Primary Sponsors: Pamela Boyd

Latest Activity: Perfection

Co-Sponsors:

Tom Oldenburg, Cara Spencer, Laura Keys

Legislative History

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

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
Proposed Committee Substitute to be reviewed at the Housing, Urban Development and Zoning Committee meeting scheduled for Tuesday, January 14, 2025 at 11am in the Kennedy Room. BB131CS Clean Copy.pdf 364.66 KB
Presentation on Board Bill Number 131. Ald. Boyd Presentation for 1-14-25 HUDZ Cmte Hearing--8-25.pdf 421.48 KB

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