[Ord. No. 3854 §1, 9-21-2009; Ord. No. 3873 §1, 12-7-2009]
Pursuant to the provisions of Section 67.1305, RSMo., Supp.
2005, a sales tax of one half of one percent (0.5%) is imposed for
economic development purposes on all retail sales made in the City
on and after January 1, 2010, which are subject to sales tax under
Chapter 144, RSMo.
[Ord. No. 3873 §1, 12-7-2009]
A.
All
revenue generated by the tax referenced in this Article 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 Article 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:
a.
Acquisition of land;
b.
Installation of infrastructure for industrial or business parks;
c.
Improvement of water and wastewater treatment capacity;
d.
Extension of streets;
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:
a.
Marketing;
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. 3873 §1, 12-7-2009]
A.
There
is hereby established an Economic Development Sales Tax Commission
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 Article 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, there 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
Commission shall receive no compensation or operating budget.
D.
The
Commission, 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 Commission 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 Article.
E.
The
Commission may consider and recommend using funds received from the
tax referenced in this Article 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 Commission 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
Commission 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 Article and
shall make such report available to the public.
[Ord. No. 3873 §1, 12-7-2009]
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 Tax Commission and approved by the City
Council.
