Resolution Number 110 | Session 2022-2023

Tax Abatement Lighthouse Landing Project

Summary

NOW, THEREFORE, BE IT RESOLVED by the Board of Aldermen of the City of St. Louis that the Board of Aldermen hereby recommends that the Port Authority participate in an industrial revenue bond transaction with the Developer to provide (1) 15 years of real property tax abatement in the following percentages: 90 percent for the first five years, 75 percent for the next five years and 50 percent for the last five years and (2) a sales tax exemption on construction materials for the Project.

Download

Lastest resolution text:

Overview

Session: 2022-2023

Introduced: 09/30/2022

Sponsor: Lisa Middlebrook

Latest Activity: Second Reading

Legislative History

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

Was this page helpful?      



Comments are helpful!
500 character limit

Feedback is anonymous.