Ordinances by Alderman Michael J Gras

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 490 North Kingshighway Blvd. and 4952-4956 McPherson Ave. Area. The project consists of the renovation of the existing building, the demolition of the two-family building, the construction of a five-story apartment building on top of the existing building and an addition to the existing building to the east. The development will have 118 units ranging from studio to 2 bedrooms above a 127-space parking garage, at the cost of $ 33.5 million. The financial model concludes that the project supports ten (10) years of tax abatement (5 at 90 percent followed by 5 at 75 percent) the LCRA Board concurs. This board bill will allow, ten (10) years of tax abatement (5 at 90 percent followed by 5 at 75 percent).

The proposed bill authorizes the honorary street name Benjamin Polson Way pursuant to Ordinance 68937. Benjamin Polson Way will begin at the intersection of Shawmut Place and Ridge Avenue and run north on Shawmut Place to the intersection of Shawmut Place and North Wells Avenue.

An Ordinance recommended by the Board of Estimate and Apportionment appropriating a portion of funds received under the American Rescue Plan Act of 2021, Pub. L. No. 117-2, § 9901 (March 4, 2021) (ARPA) to the St. Louis Department of Health for a new Reproductive Equity Fund and COVID-19 testing, treatment, and vaccination, authorizing contracts to expend the funds, to the extent received; containing a severability clause; and containing an emergency clause.