Laclede's Landing Community Improvement District
Details about the Laclede's Landing Community Improvement District
A Community Improvement District, to be known as the “Laclede’s Landing Community Improvement District” (hereinafter referred to as the “District”), is hereby established within the Laclede’s Landing Area, hereinafter described, to receive services, benefits, and assessment as set forth in Appendix A.
The District boundaries are described as follows: The “Laclede’s Landing Area” is all of the property located within the City of St. Louis, Missouri bounded on the east by the “Outer Harbor Line” of the Mississippi River, on the north by the center line of Dr. Martin Luther King Drive and the eastward extension thereof, on the south by the center line of the Eads Bridge, and on the west by the center line of Third Street.
Ordinance 68204, 66801; Mo. Rev. Stat. Sections 67.1401 through 67.1571.
Board Duties and Purpose
The District is authorized by the Act to use any one or more of the assessments or other funding methods specifically authorized by the Act to provide funds to accomplish any power, duty or purpose of the District; provided, however, the District shall not have the authority to impose any such assessment on any real property located in a special business district authorized pursuant to Mo. Rev. Stat. § 71.790 et seq. or on any business or individual doing business in such special business district until the taxes imposed by such special business district have been repealed, or the rates therefor have been reduced to zero, by such special business district.
The District is authorized by the Act to establish different classes of real property within the District for purposes of special assessments. The levy rate for 18 special assessments may vary for each class or subclass based on the level of benefit 19 derived from services or improvements funded, provided or caused to be provided by the District.
Member RequirementsAppointments require Board of Aldermen approval.
The Petition provides that the District shall be governed by a Board of Directors consisting of seven individual directors (collectively the “Directors” and each a “Director”), such Directors to be appointed by the Mayor of the City with the consent of the Board of Aldermen, in accordance with the Act.
Bylaws states, the initial Directors to serve on the board (all of whom are at least 18 years of age, an owner of real property or a business operating within the District, and presently serving as a director on the board of the not-for-profit corporation now governing the district), along with their respective terms.
Successor Directors shall be nominated by the Board and appointed by the Mayor with the consent of the Board of Aldermen to serve for a term of four (4) years, all in accordance with Section 67.1451 (6) of the Act.