Ordinance 71773

Redevelopment Plan for the 3101-3115 South Jefferson Ave. and 2614-2624 Arsenal St. Redevelopment Area

New Search

Summary

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 3101-3115 South Jefferson Ave. & 2614-2624 Arsenal St. Redevelopment Area. The project consists of vacant lots in the Benton Park West neighborhood. The prospective redeveloper plans constructing a multi-story building with 49 senior citizen residential units, at the cost of $14.5 million. The redeveloper plans to utilize LIHTC and private funds for this project. Staff supports up to fifteen (15) years of tax abatement as follows: ten (10) years of tax abatement based on 90% of the assessed value of incremental improvements followed by five (5) years of tax abatement based on 50% of the assessed value of incremental improvements.

Download

St. Louis City Ordinance 71773 Document (3.62 MB PDF)

Overview

Session: 2023-2024

Board Bill Number: 162

Primary Sponsors: Alisha Sonnier

Effective: 01/26/2024

Legislative History

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

  • 11/17/2023

    First Reading

    Bill text was introduced (3.22 MB PDF).

  • 11/17/2023

    Referred to a Committee

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

  • 12/05/2023

    Committee Hearing

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

  • 12/08/2023

    Second Reading

  • 12/08/2023

    Perfection

    The bill was passed.

  • 12/15/2023

    Engrossment

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

  • 12/15/2023

    Third Reading

    The bill was passed.

  • 12/15/2023

    Delivered to Mayor

  • 12/26/2023

    Mayor Returns Bill

    The bill was approved.

  • 12/26/2023

    Delivered to Register

  • 01/09/2024

    Register Returns Notice with Ordinance Number

    Register returns ordinance number 71773. Effective date is 01/26/2024

Topics

Was this page helpful?      



Comments are helpful!
500 character limit

Feedback is anonymous.