Ordinance 70434

Summary

BOARD BILL NO. 226 INTRODUCED BY ALDERWOMAN CHRISTINE INGRASSIA and ALDERMAN JACK COATAR An Ordinance relating to the proceeds from an increase of one half of one percent in the rate of the local use tax levied by the City of St. Louis pursuant to Ordinance No. 65609, which increase corresponds to a proposed one half of one percent local sales tax for economic development purposes; calling and providing for the holding of an election in the City of St. Louis on April 4, 2017, for the purpose of submitting to the qualified voters of the City of St. Louis a proposal to use the proceeds of such one half of one percent increase in the local use tax levied by the City of St. Louis for the purpose of providing funding for minority job training and business development programs and a multipurpose stadium for soccer, local amateur sports, concerts, and community events; directing the Comptroller to collect the proceeds of such one half of one percent increase in the local use tax levied by the City of St. Louis from the State of Missouri to be held separate and apart from all other proceeds of the local use tax levied by the City of St. Louis; authorizing and directing that the proceeds of such one half of one percent increase in the local use tax levied by the City of St. Louis be used for the purpose of providing funding for minority job training and business development programs and a multipurpose stadium for soccer, local amateur sports, concerts, and community events subject to voter approval of such purposes; containing a severability clause; and containing an emergency clause.

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