Ordinance 71719

Chapter 99 Redevelopment Plan for the 4923-4949 Dr. Martin Luther King Dr. Redevelopment Area

New Search

Summary

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 4923-4949 Dr. Martin Luther King Dr. Redevelopment Area. The prospective redeveloper plans on renovating the commercial building at 4949 Dr. Martin Luther King Dr. which will house a restaurant space for the approximate cost of $3.7million. The redevelopment plan and blighting study also includes the long vacant commercial building at 4923-4925 Dr. Martin Luther King Dr. for the possibility of using eminent domain in the future as an action of last resort if negotiations fail. This Board Bill will allow ten (10) years of tax abatement based on 95 percent of the assessed value of the incremental improvement).

Download

St. Louis City Ordinance 71719 Document (4.32 MB PDF)

Overview

Session: 2023-2024

Board Bill Number: 66

Primary Sponsors: Sharon Tyus

Effective: 10/25/2023

Legislative History

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

  • 06/15/2023

    First Reading

    Bill text was introduced (3.89 MB PDF).

  • 06/15/2023

    Referred to a Committee

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

  • 06/29/2023

    Committee Hearing

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

  • 07/14/2023

    Second Reading

  • 07/20/2023

    Perfection

    The bill was passed.

  • 09/15/2023

    Engrossment

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

  • 09/15/2023

    Third Reading

    The bill was passed.

  • 09/15/2023

    Delivered to Mayor

  • 09/27/2023

    Mayor Returns Bill

    The bill was approved.

  • 09/27/2023

    Delivered to Register

  • 09/29/2023

    Register Returns Notice with Ordinance Number

    Register returns ordinance number 71719. Effective date is 10/25/2023

Topics

Was this page helpful?      



Comments are helpful!
500 character limit

Feedback is anonymous.