HB1915 Creates the Downtown Revitalization Act.
Sponsor: May, Brian H. (108) Effective Date:00/00/0000
CoSponsor: Murray, Dana L. (69) LR Number: 3980L.01I
Last Action: COMMITTEE: MUNICIPAL CORPORATIONS
03/06/2000 - Reported Do Pass (H)
HB1915
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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Available Bill Summaries for HB1915 Copyright(c)
* Committee * Introduced

Available Bill Text for HB1915
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BILL SUMMARIES

COMMITTEE

HB 1915 -- DOWNTOWN REVITALIZATION ACT

CO-SPONSORS:  May (108), Murray, Fraser, Gambaro, Thompson (72),
Kennedy, Hagen-Harrell, Bennett, Gunn, O'Toole, Shelton,
Dougherty, Hilgemann, Ostmann

COMMITTEE ACTION:  Voted "do pass" by the Committee on Municipal
Corporations by a vote of 9 to 5.

This bill establishes the Downtown Revitalization Act.  In its
main provisions, the bill:

(1)  Establishes a Downtown Revitalization District for the City
of St. Louis and St. Louis County for the purpose of fostering
the economic vitality of the original downtown region within the
district's boundaries.  Management of the district is vested
with a board of trustees;

(2)  Establishes a board of trustees and specifies the residency
requirements, composition, duties, powers, and terms of service
for the trustees;

(3)  Allows a district to impose a sales tax under Sections
144.010 to 144.525, RSMo.  The tax will be used for the purposes
of the district and will not exceed four-tenths of one cent on
all retail sales within the district.  The tax is subject to
voter approval and, if approved, the tax is subject to voter re--
authorization every 7 years;

(4)  Allows the sales tax to be amended or repealed after a 7--
year period;

(5)  Requires that the approved sales tax be added to the sales
price by retailers located in each district.  The district is
allowed to create tax brackets under Section 144.285;

(6)  Allows the district to enter into an agreement with the
Director of the Department of Revenue to administer and collect
the tax;

(7)  Creates the Downtown Revitalization Trust Fund as a
depository for all sales tax revenues collected;

(8)  Requires the district to keep accurate records of the tax
revenues collected.  The records are subject to inspection by
the Department of Revenue and officials and trustees of the
district;

(9)  Specifies the general powers of the district;

(10)  Requires the district to enter into a management agreement
with a specified not-for-profit corporation.  The corporation
will provide management and administration services to the
district;

(11)  Specifies procedures for the review of project proposals
and recommendations;

(12)  Allows the board to audit or review the records and
accounts of projects that receive funds from the district.  The
board can engage the services of independent auditors and
accountants in order to perform the audits or reviews;

(13)  Requires the board to adopt a downtown plan for the
district which is not inconsistent with the most recent plan
adopted by the planning commission of a city in which the
downtown area is located;

(14)  Allows the district to issue bonds which will not
constitute a debt or liability on the state, any agency, or
political subdivision of the state;

(15)  Requires the board to issue semi-annual reports which
detail the revenue received and expended.  The reports are
available to any resident of the district upon request; and

(16)  Requires the district to obtain insurance and allows the
district to require companies providing operational and
management services to obtain liability insurance.

The bill contains an emergency clause.

FISCAL NOTE:  Income to General Revenue Fund of $0 to $816,000
in FY 2001, $0 to $853,000 in FY 2002, and $0 to $887,000 in FY
2003.

PROPONENTS:  Supporters say that downtown St. Louis is the
second largest employment core in the Midwest (after Chicago)
and that  economic revitalization is needed.  Tourists who visit
the St. Louis area identify with downtown St. Louis during their
visit.  Supporters also state that this bill is vital to the
economic future of the City of St. Louis and that public moneys
collected would leverage private investments.  All moneys
collected will be used for revitalization projects.  Additional
benefits of the revitalization plan include enhancing the image
of the region, sustaining the growth of the region, and
increasing the number of jobs and private investments in the
region.

Testifying for the bill were Representative May (108); John C.
Danforth; Thomas F. Eagleton; St. Louis 2004; Clarence Harmon,
Mayor, City of St. Louis; Francis G. Slay, President, St. Louis
City Board of Aldermen; May Department Stores; St. Louis
Regional Commerce and Growth Association; Downtown St. Louis
Partnership Incorporated; Metropolis St. Louis; and Missouri
AFL-CIO.  In addition, numerous letters of support were
submitted to the committee.

OPPONENTS:  Those who oppose the bill say that the validity of
the bill's intent to levy private funds which could contribute
to the revitalization plans of downtown St. Louis and the St.
Louis region have not been proven.  The imposition of the tax
might affect other infrastructure projects in the St. Louis
region.

Testifying against the bill was St. Louis County Municipal
League.

Joseph Deering, Legislative Analyst


INTRODUCED

HB 1915 -- Downtown Revitalization Act

Co-Sponsors:  May (108), Murray, Fraser, Gambaro, Thompson (72),
Kennedy, Hagen-Harrell, Gunn, O'Toole, Shelton, Dougherty,
Hilgemann, Ostmann, Bennett

This bill establishes the Downtown Revitalization Act.  In its
main provisions, the bill:

(1)  Establishes a Downtown Revitalization District for the City
of St. Louis and St. Louis County for the purpose of fostering
the economic vitality of the original downtown region within the
district's boundaries.  Management of the district is vested
with a board of trustees;

(2)  Establishes a board of trustees and specifies the residency
requirements, composition, duties, powers, and terms of service
for the trustees;

(3)  Allows a district to impose a sales tax as discussed in
Sections 144.010 to 144.525, RSMo.  The tax will be used for the
purposes of the district and will not exceed four-tenths of one
cent on all retail sales within the district.  The tax is
subject to voter approval and if approved, the tax is subject to
voter re-authorization every 7 years;

(4)  Allows the sales tax to be amended or repealed after a 7--
year period;

(5)  Requires that the approved sales tax be added to the sales
price by retailers located in each district.  The district is
allowed to create tax brackets under Section 144.285;

(6)  Allows the district to enter into an agreement with the
Director of Revenue who will administer and collect the tax;

(7)  Creates the Downtown Revitalization Trust Fund as a
depository for all sales revenues collected;

(8)  Requires the district to keep accurate records of the tax
revenues collected.  The records are subject to inspection by
the Department of Revenue and officials and trustees of the
district;

(9)  Specifies the general powers of the district;

(10)  Requires the district to enter into a management agreement
with a specified not-for-profit corporation.  The corporation
will provide management and administration services to the
district;

(11)  Specifies procedures for the review of project proposals
and recommendations;

(12)  Allows the board to audit or review the records and
accounts of projects that receive funds from the district.  The
board can engage the services of independent auditors and
accountants in order to perform the audits or reviews;

(13)  Requires the board to adopt a downtown plan for the
district which is not inconsistent with the most recent plan
adopted by the planning commission of a city in which the
downtown area is located;

(14)  Allows the district to issue bonds which will not
constitute a debt or liability on the state, any agency, or
political subdivision of the state;

(15)  Requires the board to issue semi-annual reports which
detail the revenue received and expended.  The reports are
available to any resident of the district upon request; and

(16)  Requires the district to obtain insurance and allows the
district to require companies providing operational and
management services to obtain liability insurance.

The bill contains an emergency clause.


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