Board Bill Number 72 Votes In Session 2021-2022

Amended and Restated Redevelopment Agreement and Financing Agreement i

Board Bill

This Board Bill will approve an Amended and Restated Redevelopment Agreement and Financing Agreement in connection with the City Foundry Saint Louis Tax Increment Financing (TIF) Second Amended RPA 2 Redevelopment Plan. The City Foundry Saint Louis TIF was approved in 2017 by passage of Ordinance No. 70431. The Redevelopment Area described in the Redevelopment Plan was originally divided into four Redevelopment Project Areas (“RPA”). TIF was adopted in RPA 1 upon passage of Ordinance No. 70431. In 2019, by passage of Ordinance No. 70750, the Redevelopment Plan was amended to rearrange RPA boundaries and describe a more detailed redevelopment proposal for RPA 2. The City Foundry Saint Louis Tax Increment Financing (TIF) Second Amended RPA 2 Redevelopment Plan further amends the Redevelopment Plan with respect to RPA 2 only. The City and FOPA Partners, LLC entered into a Redevelopment Agreement dated as of June 13, 2019 with respect to RPA 2. This redevelopment agreement must now be amended to conform to the Second Amended RPA 2 Redevelopment Plan. In connection with the Second Amended RPA 2 Redevelopment Plan and Amended and Restated Redevelopment Agreement: • The Developer will completion of the Alamo Drafthouse Building. • The Developer will construction of approximately (a) 37,000 square feet of retail space, (b) 59,000 square feet of office space, (c) 280 residential apartments, and (d) 492 structured parking spaces in the remainder of RPA 2. • The total TIF assistance will increase from $17,259,000 to $18,000,000. • The total private investment will increase by $60 million+, resulting in the percentage of total costs funded by TIF decreasing from 17.7 percent to 11.25 percent of total costs.

View Board Bill 72 details

07/16/2021 Final Passage Vote Results

Aye 25
No 1
Final Passage Vote
Ward Alderman Position
2 Lisa Middlebrook Aye
3 Brandon Bosley Aye
4 Dwinderlin Evans Aye
5 James Page Aye
6 Christine Ingrassia Aye
8 Annie Rice Aye
9 Dan Guenther Aye
10 Joseph Vollmer Aye
11 Sarah Martin Aye
12 Bill Stephens Aye
13 Anne Schweitzer Aye
14 Carol Howard Aye
15 Megan E Green Aye
16 Tom Oldenburg Aye
17 Tina (Sweet-T) Pihl Aye
18 Jesse Todd Aye
19 Marlene E Davis Aye
20 Cara Spencer Aye
22 Jeffrey L Boyd Aye
23 Joseph Vaccaro Aye
24 Bret Narayan Aye
26 Shameem Clark Hubbard Aye
27 Pamela Boyd Aye
28 Heather Navarro Aye
President Lewis E Reed Aye
25 Shane Cohn No
7 Jack Coatar Did Not Vote
1 Sharon Tyus Present
21 John Collins-Muhammad Absent

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