Resolution Number 110 In 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.

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Latest resolution text:

Overview

Session: 2022-2023

Introduced: 09/30/2022

Sponsor: Primary Sponsors: Lisa Middlebrook

Latest Activity: Second Reading

Co-Sponsors:

Legislative History

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

  • 09/30/2022

    First Reading

    Resolution text was introduced (193.70 KB PDF).

    The resolution was referred to committee.

  • 09/30/2022

    Committee Assignment

    The resolution was assigned to the Transportation and Commerce Committee.

  • 10/18/2022

    Committee Hearing

    The resolution was held in committee during the Transportation and Commerce Committee.

  • 10/27/2022

    Committee Hearing

    The resolution was held in committee during the Transportation and Commerce Committee.

  • 11/07/2022

    Committee Hearing

    The resolution was passed with a recommendation of do pass during the Transportation and Commerce Committee.

    The resolution text was changed:

  • 11/10/2022

    Second Reading

    The resolution was passed.

    The resolution text was changed:

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