Board Bill Number 421 | Session 2005-2006

AN ORDINANCE restructuring TIFs

Board Bill

AN ORDINANCE REQUIRING THAT FUTURE TAX INCREMENT FINANCING REDEVELOPMENT PLANS DISTRIBUTE TO THE TAXING DISTRICTS OF THE CITY OF ST. LOUIS A MINIMUM OF FIFTY PERCENT (50%) OF PAYMENT IN LIEU OF TAXES ON REAL PROPERTY FOR ANY RESIDENTIAL COMPONENT OF REDEVELOPMENT PROJECTS.

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Legislative History

Session:2005-2006
Sponsor: Gregory Carter
Co-Sponsors:
Committee: Housing, Urban Development and Zoning
Actions: 02/16/2006 First Reading

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