[Ord. No. 3829-07 §1, 1-3-2007; Ord. No. 3830-07 §1, 1-3-2007]
Pursuant to the provisions of Section 67.1305, RSMo., Supp.
2005, a sales tax of one-half of one percent (.5%) is imposed for
economic development purposes on all retail sales made in the City
on and after April 1, 2007, which are subject to sales tax under Chapter
144, RSMo.
[Ord. No. 3830-07 §1, 1-3-2007]
A. All revenue
generated by the tax referenced in this Chapter shall be deposited
in a special trust fund and shall be used solely for purposes permitted
by law, which, as of the date of adoption of this Section, are as
follows:
1. No revenue
generated by the tax referenced in this Chapter shall be used for
any retail development project, except for the redevelopment of downtown
areas and historic districts.
2. Not
more than twenty-five percent (25%) of the revenue generated shall
be used annually for administrative purposes, including staff and
facility costs.
3. At least
twenty percent (20%) of the revenue generated shall be used solely
for projects directly related to long-term economic development preparation,
including, but not limited to, the following:
b. Installation
of infrastructure for industrial or business parks;
c. Improvement
of water and wastewater treatment capacity;
e. Public
facilities directly related to economic development and job creation;
and
f. Providing
matching dollars for State or Federal grants relating to such long-term
projects.
4. The
remaining revenue generated may be used for, but shall not be limited
to, the following:
b. Providing
grants and loans to companies for job training, equipment acquisition,
site development and infrastructures;
c. Training
programs to prepare workers for advanced technologies and high skill
jobs;
d. Legal
and accounting expenses directly associated with the economic development
planning and preparation process; and
e. Developing
value-added and export opportunities for Missouri agricultural products.
[Ord. No. 3830-07 §1, 1-3-2007]
A. There
is hereby established an Economic Development Sales Tax Board to consist
of five (5) members, to be appointed as follows:
1. One
(1) member shall be appointed by the school districts included within
any economic development plan or area funded by the sales tax referenced
in this Chapter in any manner agreed upon by the affected districts;
2. Three
(3) members shall be appointed by the Mayor with the consent of the
majority of the City Council; and
3. One
(1) member shall be appointed by the St. Louis County Council.
B. Of the
members initially appointed, three (3) shall be designated by the
City Council to serve for terms of two (2) years, and the remaining
members shall be designated to serve for a term of four (4) years
from the date of such initial appointments. Thereafter, the members
appointed shall serve for a term of four (4) years, except that all
vacancies shall be filled for unexpired terms in the same manner as
were the original appointments.
C. The board
shall receive no compensation or operating budget.
D. The board,
subject to approval of the City Council, shall consider economic development
plans, economic development projects or designations of an economic
development area and shall hold public hearings and provide notice
of any such hearings. The board shall vote on all proposed economic
development plans, economic development projects or designations of
an economic development area and amendments thereto, within thirty
(30) days following completion of the hearing on any such plan, project
or designation and shall make recommendations to the City Council
within ninety (90) days of the hearing concerning the adoption of
or amendment to economic development plans, economic development projects
or designations of an economic development area. The City Council
shall have the final determination on use and expenditure of any funds
received from the tax referenced in this Chapter.
E. The board
may consider and recommend using funds received from the tax referenced
in this Chapter for plans, projects or area designations outside the
boundaries of the City if, and only if:
1. The
City or the State receives significant economic benefit from the plan,
project or area designation; and
2. The
board establishes an agreement with the governing bodies of all cities
and counties in which the plan, project or area designation is located
detailing the authority and responsibilities of each governing body
with regard to the plan, project or area designation.
F. The board
and the City Council shall report at least annually to the City Council
or County Council on the use of and on the progress of any plan, project
or designation adopted under this Section and shall make such report
available to the public.
[Ord. No. 3830-07 §1, 1-3-2007]
Notwithstanding any other provision of law to the contrary,
the economic development sales tax when imposed within a special taxing
district, including but not limited to a tax increment financing district,
neighborhood improvement district or community improvement district,
shall be excluded from the calculation of revenues available to such
districts and no revenues from the economic development sales tax
shall be used for the purposes of any such district unless recommended
by the Economic Development Sales Tax Board and approved by the City
Council.