HomeMy Public PortalAbout2011-09-26 Transformation Report to City Council1
Report to Board of Directors - September 27, 2011
Transformation Steering Committee has voted on the following resolution:
1. That the following list of Project be completed:
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2. That the City be asked (Mayor and Council) to put a ½ c Economic Development Sales
Tax on the Ballot to fund these projects with a 10 year Sunset provision.
3. That the Vote be taken on February 7, 2012
4. That the Local Economic Development Sales Tax (LED) to be used as the
implementation method.
OTHER ISSUES TO BE DEVELOPED IN THE NEXT 60 DAYS
1. TRANSFORMATION/CITY COUNCIL MOU IDEAS
Honor the work of the Transformation committee.
We agree and concur to use the LED law to facilitate the Transformation ST
We agree to let the Transformation SC manage the campaign and public meetings
We agree that the city will take the projects and tax level and not change it
We agree that the city will set up a Transformation board to complement the LED
Board by law and give it maximum authority by law
The city agrees to manage the projects to complete them by December 31, 2015
2. LIST OF AGREEMENTS WITH OTHER PARTIES CRITICAL TO TRANSFORMATION
PROJECTS
MOU with the State of Missouri/ Office of Administration / MSPRC and JC/Cole
County and Chamber for MSP Improvements and Redevelopment Parameters and
property Use.
LEASE for use of Historic Area for Tours and Events.
MOU with Hawthorn Bank and City for City Parking Garage.
Letter of Intent from SSM for Framework for Reuse and Repurposing of St. Mary’s
Health Center.
Letter of Intent from LU for development of those programs envisioned at ST.
Marys
Letter of Intent from the LCRA agreeing to provide property acquisition services to
the TDC in the Old Town and Capitol Avenue Projects.
Letter of Intent from City agreeing to a Time line and Pro-Forma on completing of
the Conference Center.