Ordinance 71630

Chapter 99 Redevelopment Plan for the 704-710 North 2nd St. Redevelopment Area

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Summary

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 704-710 North 2nd St. Redevelopment Area. The prospective redeveloper is acquiring the properties for $1,998,000 and plans on renovating the building for the approximate cost of $10,246,000. The redeveloper plans to utilize private funds and historic credits for this project. The properties will have commercial space on the first floors and a total of 33 residential units on the upper floors of the two buildings. This Board Bill will allow ten (10) years of tax abatement (10 years based on 75 percent of the assessed value of the incremental improvements).

Download

St. Louis City Ordinance 71630 Document (2.38 MB PDF)

Overview

Session: 2022-2023

Board Bill Number: 169

Primary Sponsors: Jack Coatar

Effective: 03/16/2023

Legislative History

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

  • 01/13/2023

    First Reading

    Bill text was introduced (1.83 MB PDF).

  • 01/13/2023

    Referred to a Committee

    The bill was assigned to the Housing, Urban Development and Zoning Committee.

  • 01/19/2023

    Committee Hearing

    The bill was passed out of committee with a recommendation of do pass during the Housing, Urban Development and Zoning Committee hearing.

  • 01/20/2023

    Second Reading

  • 01/27/2023

    Perfection

    The bill was passed.

  • 02/03/2023

    Engrossment

    The bill was engrossed during the Engrossment, Rules, Resolutions and Credentials Committee.

  • 02/03/2023

    Third Reading

    The bill was passed.

  • 02/03/2023

    Delivered to Mayor

  • 02/17/2023

    Mayor Returns Bill

    The bill was approved.

  • 02/17/2023

    Delivered to Register

  • 03/02/2023

    Register Returns Notice with Ordinance Number

    Register returns ordinance number 71630. Effective date is 03/16/2023

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