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HomeMy Public PortalAboutORD16043BILL NO. 2019-141 SPONSORED BY Councilman Schreiber; Co -Sponsor Councilman Fitzwater ORDINANCE NO. 0044 AN ORDINANCE APPROVING A PETITION FOR THE CREATION OF THE MSP COMMUNITY IMPROVEMENT DISTRICT; ESTABLISHING THE MSP COMMUNITY IMPROVEMENT DISTRICT AS A POLITICAL SUBDIVISION OF THE STATE OF MISSOURI; AND DIRECTING THE CITY CLERK TO NOTIFY THE MISSOURI DEPARTMENT OF ECONOMIC DEVELOPMENT OF THE CREATION OF THE DISTRICT. WHEREAS, Sections 67.1401 to 67.1571 of the Revised Statutes of Missouri (the "CID Act") authorize the governing body of any municipality, upon a proper petition requesting the formation and after a public hearing, to adopt an ordinance establishing a community improvement district; and WHEREAS, a "Petition for the Creation of the MSP Community Improvement District," a copy of which is attached as Exhibit A hereto (the "CID Petition"), was submitted to the City requesting the formation of the MSP Community Improvement District (the "District") on property primarily consisting of the former Missouri State Penitentiary; and WHEREAS, the City Clerk verified that the petition complies with the CID Act; and WHEREAS, the City Council held a duly -noticed public hearing on June 15, 2020, at which all persons interested in the formation of the District were allowed an opportunity to speak and at which the City Council heard all protests and received all endorsements, all in accordance with Section 67.1431 of the CID Act; and WHEREAS, the City Council further finds that the petition to form the District is proper in that it meets all of the requirements of Section 67.1421 of the CID Act. NOW, THEREFORE, BE IT ENACTED BY THE COUNCIL OF THE CITY OF JEFFERSON, MISSOURI, AS FOLLOWS: Section 1. The MSP Community Improvement District is hereby created within the City as a political subdivision of the State of Missouri having the powers and purposes set forth in the CID Petition. The District shall include the contiguous tracts of real estate described in Exhibit A of the CID Petition. Subject to further approvals by the District and its qualified voters, the District is authorized to impose a sales tax as described in the CID Petition. Section 2. The District shall remain in existence for the duration specified in the CID Petition. Section 3. The District shall be governed by a board of directors consisting of five (5) members hereafter appointed by the Mayor with the consent of the City Council in accordance with the CID Act, subject to the qualifications set forth in the CID Petition. Two of the members of the District's board of directors shall be appointed to initial four-year terms and three of the members of the District's board of directors shall be appointed to initial two-year terms. Successor members of the District's board of directors shall be appointed for four-year terms. Section 4. The City Clerk is hereby directed to prepare and file with the Missouri Department of Economic Development the report specified in Section 67.1421.6 of the CID Act. Section 5. The officers of the City are hereby authorized and directed to execute all documents and take such actions as they may deem necessary or advisable to carry out and perform the purposes of this Ordinance and to make ministerial alterations, changes or additions to the documents herein approved, authorized and confirmed which they may approve, and the execution of such action shall be conclusive evidence of such necessity or advisability. All actions taken to date by the officers of the City with respect to the CID Petition and the District, including, without limitation, the execution of the CID Petition and the provision of notices for the public hearing regarding the creation of the District, are hereby ratified. Section 6. It is hereby declared to be the intention of the City Council that each and every part. section and subsection of this Ordinance shall be separate and severable from each and every other part, section and subsection hereof and that the City Council intends to adopt each said part, section and subsection separately and independently of any other part, section and subsection. If any part, section or subsection of this Ordinance shall be determined to be or to have been unlawful or unconstitutional, the remaining parts, sections and subsections shall be and remain in full force and effect, unless the court making such finding shall determine that the valid portions standing alone are incomplete and are incapable of being executed in accord with the legislative intent. Section 7. This Ordinance shall be in full force and effect from and after the date of its passage approval. Presiding Officer ATTEST: Cit Clerk Approved: Owy-v_i :a�&, Mayor Carrie Tergin APPROVED AS TO FORM: City o selor EXHIBIT A CID PETITION [On file with the Office of the City Clerk] AMENDED PETITION FOR THE CREATION OF THE MSP COMMUNITY IMPROVEMENT DISTRICT ORIGINAL DATE: MAY 28, 2020 AMENDED DATE: JUNE 12, 2020 AMENDED PETITION FOR THE CREATION OF THE MSP COMMUNITY IMPROVEMENT DISTRICT To the Mayor and City Council of the City of Jefferson, Missouri (the "City"): The undersigned real property owners (the "Petitioners"), being the owner collectively owning: (1) more than fifty percent (50%) by assessed value of the real property, and (2) more than fifty percent (50%) per capita of all owners of real property within the boundaries of the hereinafter -described proposed community improvement district, does hereby petition and request that the City Council of the City create a community improvement district as described herein under the authority of Sections 67.1401 to 67.157 1, RSMo. (the "CID Act"). In support of this petition, the Petitioners set forth the following information in compliance with the CID Act: 1. District Name. The name for the proposed community improvement district (the "District") is: MSP Community Improvement District 2. Legal Description and Map. A legal description and map of the proposed District are attached hereto as Exhibit A. The proposed district is located entirely within the City. 3. Five -Year Plan. A five-year plan containing a description of the purposes of the proposed District, the services and public improvements that will be funded by the District, an estimate of costs of these services and improvements to be incurred, and other details and requirements as set forth in the CID Act, is attached hereto as Exhibit B (the "Five Year Plan"). 4. Form of District. The proposed district will be established as a political subdivision of the State of Missouri under the CID Act. 5. Board of Directors. The Board of Directors will consist of five members. The initial Board of Directors shall be appointed by the Mayor with the consent of the City Council. Three of the initial directors shall be appointed for an initial term of two years and two of the initial directors shall be appointed for an initial term of four years. Thereafter, all subsequent terms for directors shall be for four years, provided that a director shall continue to serve until a successor director is appointed. All directors shall satisfy the requirements set forth in Section 67.1451.2 of the CID Act. Notwithstanding the foregoing, so long as the State of Missouri owns real property within the District, at least two members of the Board of Directors shall be authorized representatives of the State of Missouri, as designated in writing by the Commissioner of Administration, which authorization may be revoked at any time by the Commissioner of Administration at her sole discretion. Furthermore, the initial terms of the two members of the Board of Directors who are authorized representatives of the State of Missouri, as designated by the Commissioner of Administration, shall be four years. All decisions of the Board of Directors must be approved by a minimum of four (4) members of the Board of Directors. 6. Assessed Value. The total assessed value of all real property in the District is $126,750. 7. Blight. The Petitioners do not seek a declaration of blight at this time. However, given the conditions of the District, the Petitioners anticipate seeking a blight determination at a later date if District -funded blight remediation activities are necessary for the redevelopment of the District 8. Duration of District. The District shall remain in existence one year longer than the term of the below -described District Sales Tax; provided, however, if the qualified voters of the District do not approve the imposition of the District Sales Tax within one year from the approval of the City's ordinance creating the District, then the District shall immediately terminate. 9. Real Property Tax. The Petitioners do not propose that a real property tax be imposed within the District. Accordingly, the maximum rate of a real property tax to be imposed by the District is $0. 10. Business License Tax. The Petitioners do not propose that a business license tax be imposed within the District. Accordingly, the maximum rate of a business license tax to be imposed by the District is $0. 11. Special Assessments. The Petitioners do not propose that special assessments be imposed within the District. Accordingly, the maximum rate of a special assessment to be imposed by the District is $0. 12. Sales Tax. Qualified voters of the District will be asked to approve a sales and use tax of one percent (1.0%) (the "District Sales Tax") to assist in the funding of public improvements, blight remediation activities (if a blight determination is later made) and other services within the District. The District Sales Tax shall expire no later than December 31, 2050. 13. Borrowing Limits. The Petitioners do not seek limitations on the borrowing capacity of the District. 14. Revenue Limits. The Petitioners do not seek limitations on the revenue generation of the District. 15. Authori _ Limits. The Petitioners do not seek limitations on the powers of the District. 16. Revocation of Si ang_ tures. The Petitioners acknowledge that THE SIGNATURES OF THE SIGNERS OF THIS PETITION MAY NOT BE WITHDRAWN FROM THIS PETITION LATER THAN SEVEN (7) DAYS AFTER THE FILING HEREOF WITH THE CITY CLERK. WHEREFORE, the Petitioners respectfully request that the City Council establish the MSP Community Improvement District in accordance with the information set forth in this Petition and take all other appropriate and necessary action that is consistent with the CID Act to establish the requested district. -2- EXECUTION PAGE FOR AMENDED PETITION FOR THE CREATION OF THE MSP COMMUNITY IMPROVEMENT DISTRICT Name of owner: City of Jefferson Owner's telephone number: (573) 634-6410 Owner's mailing address: 320 E. McCarty St. Jefferson City, Missouri 65101 IF SIGNER IS DIFFERENT FROM OWNER: Name of signer: Steven S. Crowell, Jr. State basis of legal authority to sign: City Administrator Signer's telephone number: Signer's mailing address: If owner is an individual: If owner is not an individual, state what type of entity: (573) 634-6410 320 E. McCarty St. Jefferson City, Missouri 65101 ❑ Single ❑ Corporation ❑ Limited Partnership ❑ Partnership ❑ Not-for-profit Corporation Parcel Number Assessed Value 11-03-08-0003-001-010.004 $0.00 ❑ Married ❑ General Partnership ❑ Limited Liability Company ❑ Urban Redevelopment Corporation X Other Political Subdivision By executing this petition, the undersigned represents and warrants that he or she is authorized to execute this petition on behalf of the property owner named immediately above. Date: 6-11- 202 6 Signature: STATE OF MISSOURI ) 711 COUNTY OF COLE 1 Before me personally appeared Steven S. Crowell, Jr., to me personally known to be the individual described in and who executed the foregoing instrument. WITNESS my hand and official seal this /24hday of Lhtn4f- 2020. NotErry Public My Commission Expires: 4. /-4. 2,U24 S-2 No1,ELLNLYD LD OOI Shoe of ota Sod MNssourl ComMssbrmd for Cob GMW NV Commisslon Expires: Apdl 14,2M4 Commisslon Number: 20894040 EXECUTION PAGE FOR AMENDED PETITION FOR THE CREATION OF THE MSP COMMUNITY IMPROVEMENT DISTRICT Name of owner: Stitt Barony LLC Owner's telephone number: (573) 353-6333 Owner's mailing address: 619 Capitol Avenue Jefferson City, Missouri 65101 IF SIGNER IS DIFFERENT FROM OWNER: Name of signer: Holly Stitt State basis of legal authority to sign: Member Signer's telephone number: Signer's mailing address: If owner is an individual: If owner is not an individual, state what type of entity: (573) 353-6333 619 Capitol Avenue Jefferson City, Missouri 65101 ❑ Single ❑ Corporation ❑ Limited Partnership ❑ Partnership ❑ Not-for-profit Corporation Parcel Number Assessed Value 11-03-08-0003-002-018 $126,750.00 S-3 ❑ Married ❑ General Partnership X Limited Liability Company ❑ Urban Redevelopment Corporation ❑ Other By executing this petition, the undersigned represents and warrants that he or she is authorized to execute this petition on behalf of the property owner named immediately above. Date: & - /a— a 0 Signat STATE OF MISSOURI ) COUNTY OF COLE 1 Before me personally appeared Holly Stitt, to me personally known to be the individual described in and who executed the foregoing instrument. WITNESS my hand and official seal this/2%441day of 2020. No ry Public My Commission Expires: 4• Id, 2Q� 4 S-4 By executing this petition, the undersigned represents and warrants that he or she is authorized to execute this petition on behalf of the property owner named immediately above. Date: STATE OF MISSOURI ) COUNTY OF COLE ) Signature: Before me personally appeared , to me personally known to be the individual described in and who executed the foregoing instrument. WITNESS my hand and official seal this day of , 2020. My Commission Expires: S-4 Notary Public EXHIBIT A BOUNDARY DESCRIPTION AND MAP OF THE MSP COMMUNITY IMPROVEMENT DISTRICT CITY TRACT Part of Section 8; Part of U.S. Surveys Nos. 2681 and 3325 all in Township 44 North, Range 1 I West, in the City of Jefferson, Cole County, Missouri; more particularly being all of Inlots 246, 250 and 251, part of Inlots 247, 248, 252, 217, 218, 219, 221 and 222, part of the Edwards Street and Hough Street right-of- ways, part of an alley lying between Inlots 246-249 and 250-253 and part of an alley lying between Inlots 217-220 and 221-224, part of the Old Missouri State Penitentiary Grounds that may include certain platted Inlots, Streets, Alleys and Commons of various un -recorded plats of said City of Jefferson lying within the following described boundary: BEGINNING at a point on the easterly line of the 80 foot wide public street right-of-way known as Chestnut Street, being the southwesterly corner of Inlot 154 of the aforesaid plats of the City of Jefferson; thence N47°46'07"W, along the southern end of that portion of said Chestnut Street right-of-way, vacated by City Ordinance No. 4423, 80.00 feet to a point on the westerly line thereof; thence S41 °59'31 "W, along said Chestnut Street right-of-way line, 218.78 feet to a point on the northerly line of the 80 foot wide street right-of-way known as Capitol Avenue (formerly known as Main Street); thence N47042'34"W, along said Capitol Avenue right-of-way line, 419.17 feet to the easterly line of the 80 foot wide Cherry Street right-of-way; thence N42°05'10"E, along the easterly line of said Cherry Street right- of-way, 1064.91 feet; thence N47053'30"W, 490.25 feet; thence clockwise, southwesterly, on a non - tangent curve to the right, having a radius of 80.00 feet, an arc distance of 151.40 feet (the chord of said curve being S46° 19'49"W, 129.80 feet) to a point on the easterly line of a portion of the 80 foot wide street right-of-way known as Lafayette Street, vacated by City Ordinance No. 3256; thence S42012'53"W, along said vacated Lafayette Street right-of-way line, 436.33 feet to a point on southerly end of said vacated portion of the Lafayette Street right-of-way, being on the northerly line of the 80 foot wide public street right-of-way known as State Street (formerly known as Water Street); thence N47042'40"W, along the said State Street right-of-way line, 100.00 feet to the southeasterly corner of the property described by deed of record in Book 568, page 367, Cole County Recorder's Office and said corner being 20 feet westerly from the southeasterly corner of Inlot No. 200; thence along the boundary of said property described in Book 568, page 367 the following courses: N42°12'53"E, 465.04 feet; thence N3°55'37"W, 165.77 feet; thence N70°03'35"W, 301.66 feet; thence leaving the boundary of said property described in Book 568, page 367, N42°22'35"E, along the northeasterly extension of the westerly boundary of said property described in Book 568, page 367 being the easterly line of the 80 foot wide street right-of-way known as Marshall Street (partly vacated by City Ordinance No. 14703) and along its northerly extension thereof, 238.69 feet to a point on the southerly boundary of the property commonly known as Adrian's Island and described by deed of record in Book 233, pages 434 and 435, Cole County Recorder's Office and said point being in the approximate center of a slough according to a certain un -recorded surveyed boundary of said Adrian's Island, by Larry Brickey, dated September 7, 1988; thence Easterly, along the southerly boundary of said Adrian's Island Survey the following courses: S650 16' 12"E, along the approximate center of the aforesaid slough, 188.52 feet; thence S74042'59"E, along the approximate center of said slough, 249.00 feet to a point at the Ordinary High Water Mark of the Missouri River; thence S64°43'37"E, on a direct line, 919.42 feet to a point in the approximate center of another slough; thence S64°54'09"E, along the approximate center of said slough, 35.00 feet; thence S77°01'51 "E, along the approximate center of said slough, 26.88 feet to a point on the westerly end of the Missouri Pacific Railroad right-of-way and properties as described by deed of record in Book K, page 640, Cole County Recorder's Office; thence along the boundary of the right-of-way and properties described in said Book K, page 640 the following courses: S2000'03"W, 103.59 feet; thence S67° 12'24"E, 93.04 feet to a point on the westerly line of Inlot 254 of the aforesaid City of Jefferson being the easterly line of the aforesaid vacated Chestnut Street right-of-way; thence S41°59'31"W, along the westerly line of said Inlot 254, 123.22 feet to the southwesterly corner thereof, being on the northerly line of the 80 foot wide public street right-of-way known as Edwards Street; thence S47°46'07"E, along the southerly line of Inlots 254 and 255, being the northerly line of said Edwards Street right-of-way, 181.86 feet; thence S26°5748"W, 483.03 feet; thence S 10°00'23"W, 80.00 feet; thence N79°59'37"W, 62.62 feet; thence westerly, on a curve to the left, having a radius of 410.00 feet, an arc distance of 105.17 feet (the chord of said curve being N87°20'32"W, 104.88 feet); thence clockwise, southwesterly, on a non -tangent curve to the right, having a radius of 100.00 feet, an arc distance of 77.29 feet (the chord of said curve being S39°19'24"W, 75.38 feet); thence S4°57'25"E, 48.23 feet; thence S85°02'35"W, 80.00 feet; thence N4°57'25"W, 48.23 feet; thence clockwise, northwesterly, on a non -tangent curve to the right, having a radius of 100.00 feet, an arc distance of 72.03 feet (the chord of said curve being N50°44'34"W, 70.49 feet); thence S83°28' 18"W, 29.67 feet; thence southwesterly, on a curve to the left, having a radius of 310.41 feet, an arc distance of 218.60 feet (the chord of said curve being S62° 14'1 0"W, 214.11 feet) to the southwesterly corner of Inlot 221 of the aforesaid City of Jefferson, being a point on the easterly line of the aforesaid vacated portion of the Chestnut Street right-of-way; thence S41059'3 I "W, along said vacated Chestnut Street right-of-way, 278.75 feet to the POINT OF BEGINNING. Containing 31.82 acres. Except that part of the Old Missouri State Penitentiary Grounds in the City of Jefferson, Missouri, more particularly described as follows: From a point on the easterly line of the 80 foot wide public street right-of-way known as Chestnut Street, being the southwesterly corner of Inlot 154 of the aforesaid City of Jefferson, Missouri; thence N41059'3 I "W, along the easterly line of the vacated portion of the Chestnut Street right-of-way (vacated by City Ordinance No. 4423), 278.75 feet to the southwesterly corner of Inlot 221 of said City of Jefferson; thence N42°10'02"W, on a direct line, 89.59 feet to the POINT OF BEGINNING for this description; thence N48°08'34"W, 155.00 feet; thence N41 °51'26"E, 74.00 feet; thence S48008'34"E, 155.00 feet; thence S41 °51'26"W, 74.00 feet to the POINT OF BEGINNING. Containing 0.26 acres. With 31.56 acres remaining in City Tract. STATE TRACT Part of Section 8; Part of U.S. Surveys Nos. 2681 and 3325 all in Township 44 North, Range 11 West, in the City of Jefferson, Cole County, Missouri; more particularly being part of the Old Missouri State Penitentiary Grounds that may include certain platted Inlots, Streets, Alleys and Commons of various un- recorded plats of said City of Jefferson, lying within the following described boundary: From a point on the easterly line of the 80 foot wide public street right-of-way known as Chestnut Street, being the southwesterly corner of Inlot 154 of the aforesaid plats of the City of Jefferson, being also a corner on the easterly boundary of the property described by deed of record in Book 690, page 165, Cole County Recorder's Office; thence, along the boundary of said property described in Book 690, page 165, the following courses: N47°46'07"W, along the southern end of that portion of said Chestnut Street right- of-way, vacated by City Ordinance No. 4423, 80.00 feet to a point on the westerly line thereof; thence S41 °59'31 "W, along said Chestnut Street right-of-way line, 218.78 feet to a point on the northerly line of the 80 foot wide street right-of-way known as East Capitol Avenue (formerly known as Main Street); thence N47°42'34"W, along said East Capitol Avenue right-of-way line, 419.17 feet to the easterly line of the 80 foot wide Cherry Street right-of-way and the POINT OF BEGINNING for this boundary description; thence N42°05'10"E, along the easterly line of said Cherry Street right-of-way, 1064.91 feet; A-2 thence N47°53'30"W, 490.25 feet; thence clockwise, southwesterly, on a non -tangent curve to the right, having a radius of 80.00 feet, an arc distance of 151.40 feet (the chord of said curve being S46° 19'49"W, 129.80 feet) to a point on the easterly line of a portion of the 80 foot wide street right-of-way known as Lafayette Street, vacated by City Ordinance No. 3256; thence S42° 12'53 "W, along said vacated Lafayette Street right-of-way line, 436.33 feet to a point on southerly end of said vacated portion of the Lafayette Street right-of-way, being on the northerly line of the 80 foot wide public street right-of-way known as State Street (formerly known as Water Street); thence leaving the boundary of the aforesaid property described in Book 690, page 165, S41 °56'30"W, along the easterly end of said State Street right-of-way, being the easterly line of the 80 foot wide street right-of-way known as Lafayette Street, 80.00 feet to the southerly line of said State Street right-of-way; thence S41'40'1 8"W, along said Lafayette Street right-of- way line, 417.69 feet to the northerly line of the aforesaid East Capitol Avenue right-of-way; thence S47°43'32"E, along said East Capitol Avenue right-of-way line, 457.61 feet to the center of the aforesaid Cherry Street right-of-way; thence S47°42'34"E, along said East Capitol Avenue right-of-way line, 40.00 feet to the POINT OF BEGINNING. Containing 12.13 acres. Plus that part of the Old Missouri State Penitentiary Grounds in the City of Jefferson, Missouri, more particularly described as follows: From a point on the easterly line of the 80 foot wide public street right-of-way known as Chestnut Street, being the southwesterly corner of Inlot 154 of the aforesaid City of Jefferson, Missouri; thence N41059'3 I "W, along the easterly line of the vacated portion of the Chestnut Street right-of-way (vacated by City Ordinance No. 4423), 278.75 feet to the southwesterly corner of Inlot 221 of said City of Jefferson; thence N42° 10'02"W, on a direct line, 89.59 feet to the POINT OF BEGINNING for this description; thence N48°08'34"W, 155.00 feet; thence N4105 1'26"E, 74.00 feet; thence S48008'34"E, 155.00 feet; thence S4105 1'26"W, 74.00 feet to the POINT OF BEGINNING. Containing 0.26 acres. STITT BARONY TRACT All of Inlot 137, in the City of Jefferson, Missouri. The easterly part of Inlot No. 136, in the City of Jefferson, Missouri, more particularly described as follows: Beginning at the southeasterly corner of said Inlot; thence westerly along the southerly line thereof, 57 feet 10 '/2 inches; thence northerly parallel with the easterly line of said Inlot, 198 feet 9 inches, to the northerly line thereof; thence easterly along the said northerly line, 57 feet 10 '/2 inches, to the northeasterly corner of said Inlot; thence southerly along the easterly line thereof, 198 feet 9 inches to the Point of Beginning. Also, part of Inlot 136, in the City of Jefferson, Missouri, particularly described as follows: Beginning at a point on the southerly line of said Inlot No. 136, a distance of 20 feet easterly from the southwesterly corner thereof; thence easterly along the southerly line of said Inlot, 26 feet 6 inches; thence northerly parallel with the westerly line thereof, 198 feet 9 inches, to the northerly line of said Inlot; thence westerly along said northerly line, 26 feet 6 inches; thence southerly parallel with the westerly line thereof, 198 feet 9 inches, to the Point of Beginning. Containing 0.86 acres. PLUS INLCUDING ALL ADJACENT PUBLIC RIGHTS-OF-WAY TO THE CENTERLINE A-3 A--4 EXHffiiTB FIVE-YEAR PLAN FOR THE MSP COMMUNITY IMPROVEMENT DISTRICT The information and details outlined in the following pages represent the strategies, activities, and budgets that will be undertaken during the initial five-year duration of the MSP Community Improvement District. It is an integral and composite part of the Petition for the Creation of the MSP Community Improvement District. Five Year Plan Introduction Sections 67.1401 through 67.1571 of the Revised Statutes of Missouri (the "CID Act") allow municipalities to create community improvement districts ("CIDs") for the purpose of providing additional services and improvements to specific areas of the municipalities. The City of Jefferson, Missouri (the "City") has been presented with a petition (the "Petition") for the creation of the MSP Community Improvement District (the "District"). Section 67.1421 of the CID Act requires that the Petition be accompanied by a five-year plan that includes a description of the purposes of the proposed district, the services it will provide, the improvements it will make, and an estimate of the costs of these services and improvements to be incurred. This Five-Year Plan (the "Plan") is designed to comply with this statutory requirement and is appended to the Petition. Section 1 District Description and Purpose A CID is an entity that is separate from the City and is formed by the adoption of an ordinance by the City's City Council (the "City Council") upon submittal of a petition signed by the requisite number of property owners within the proposed CID and following a public hearing before the City Council regarding fonnation ofthe proposed CID. ACID may take the fonn of a political subdivision of the State of Missouri or a nonprofit corporation that is fonned and operated under Missouri corporation laws. The Petition states that the District will be a political subdivision. CIDs are empowered to provide a variety of public services and to finance a number of different public improvements. The District intends to provide the hereinafter-defined District Improvements and Services. CIDs derive their revenue from taxes and assessments levied within the boundaries of the CID. Such revenues are then used for the benefit of the properties within the CID. The District intends to seek voter approval for the hereinafter-defined District Sales Tax. ACID is operated and managed by a board of directors, whose members initially are named in the petition to establish the CID. For this District, board members will serve for a designated period of time, and at the expiration of each tenn, successors to the board positions will be appointed by the Mayor. Only owners of real property within the District or their legally authorized representatives will be eligible for appointment. Section 2 Management Plan This Plan is proposed to improve and convey special benefits to properties located within the boundaries of the District by providing certain services and improvements within the District. The District will be governed by a board of directors that will consist of five (5) members (the "Board of Directors"). District lntproventellts a11d Services: The District includes the site of the fonner Missouri State Penitentiary, which the City is seeking to redevelop. The improvements to be undertaken by the District (collectively, the "District Improvements") include: • Remediation of blighted conditions within the District, including demolition, clearance, reconstruction and rehabilitation of existing structures; • Street, sidewalk and lighting improvements throughout the District; • Stonn and sanitary sewer improvements throughout the District; • Utility improvements throughout the District • Landscape improvements throughout the District; • Parking improvements throughout the District; and • Public safety, marketing and economic development services as permitted by the CID Act. Method of Financing: Subject to voter approval, the District will impose a one percent ( 1.0%) sales and use tax (the ~'District Sales Tax"). The revenue collected from the District Sales Tax will be used to fund the District Improvements. The District is expected to generate approximately $100,000 per year in District Sales Tax revenues. Cost: The District will likely be developed in phases. District Improvements and Services for the first phase are expected to cost in excess of $2,000,000. District Improvements and Services for future phases will be dependent on the types of uses developed, tax revenues generated and then-current market conditions. City Services: The CID Act mandates that existing City services will continue to be provided within aCID at the same level as before the District was created (unless services are decreased throughout the City) and that District Improvements and Services shall be in addition to existing City services. The District anticipates that City services will continue to be provided within the District at the same level as before the District was created, and the District will not cause the level of City services within the District to diminish. Governance: The District's budgets and policies will be refined annually by the District's Board of Directors, within the limitations set forth in this Plan and the CID Act. Currently all property within the District is owned by the City. However, the City anticipates entering into a master redevelopment agreement with a private developer and eventually conveying at least a portion of the real property within the District to private entities, who may, at such time, become qualified under the CID Act to serve on the District's Board of Directors. Budgets and reports will be submitted annually to the City Council for review and comment. The District will operate at all times in accordance with any Bylaws of the District adopted by the Board of Directors. Yearly Activities: Year I • Complete formation of District. • Impose District Sales Tax. • Begin construction and imposition of District Improvements and Services. Year2 • Collect District Sales Tax. • Continue construction and imposition of District Improvements and Services. B-2 Year3 • Collect District Sales Tax. • Continue construction and imposition of District Improvements and Services. Year4 • Collect District Sales Tax. • Continue construction and imposition of District Improvements and Services. YearS • Collect District Sales Tax. • Continue construction and imposition of District Improvements and Services. * * * B-3