OSAGE BEACH, Mo. — The board of aldermen approved policies for a Neighborhood Improvement District and a Community Improvement District in an effort to encourage economic development in Thursday’s board meeting.
The policies were given to the board members in February for their review. Approval will allow staff to publicize the NID and CID on the city’s website in an effort to increase Osage Beach’s economic development tools.
A Neighborhood Improvement District is a finance initiative that can be used for the purpose of improving public use facilities for the common good of all citizens. The NID may be created in an area desiring certain public-use improvements that are paid for by special tax assessments to property owners in the area in which the improvements are made. Projects that can be financed through a NID must be used by the public and must benefit the property within the NID. This can only be created by an election or petition of voters and/or property owners within the boundaries of the proposed area and authorized by a resolution of the governing body.
A Community Improvement District is a finance initiative whose purpose is to fund a wide range of public-use facilities and establish and manage policies and services relative to the needs of the proposed District. A CID can involve a political subdivision or a not-for-profit corporation. The district is organized by a petition requesting a proposed district. The petition must be signed by property owners owning at least 50 percent of the assessed value of the real property and more than 50 percent per capita of all owners of real property within the proposed district. Unlike a NID, a CID is a separate legal entity, and is separate from the municipality that creates the district. A CID is created by ordnance of the governing body of the municipality in which the CID is located. Funding the project may be accomplished by a district-wide special assessment, rents, fees, and charges for the use of CID property or services, grants, gifts or donations. If the CID is organized as a political subdivision, property and sales taxes may also be imposed within the boundaries of the CID.
Other Business
The board of aldermen approved a caterer’s license for Molotoft Cocktails, 6396 Osage Beach Parkway, for a “Summer Kick-Off Party” May 18, 12 p.m. – midnight.
A second and final reading was performed, approving an amendment to Appendix A of Section 710.410: Sewer System Development Charge.
Approval was given by the board of aldermen for the removal of the “No Left Turn” sign from Redbud Road at Osage Beach Parkway from the Traffic Code Schedule V. Table V-B outlines turn restrictions. According to City Engineer Nick Edelman, the island at Redbud Road where the sign was located has been removed. Edelman said vehicles should now be allowed to make left turns onto the Parkway from Redbud Road in a safe manner.
The board of aldermen approved the authorization of the mayor to execute a construction contract with Show-Me Asphalt Paving & Maintenance, LLC. The company will sealcoat and re-stripe the city hall parking lots and Lee C. Fine Airport.
Missouri Department of Transportation District Engineer David Silvester provided the board with two proposals for the extension of the outer road heading west for easier and increased traffic flow on Osage Beach Parkway.
At the April 18, 2013 board of aldermen meeting, Alderman Kevin Rucker asked Silvester to put together a proposal for the extension of the parkway for consideration in the 2014 budget.
Silvester provided the board with updated information from MoDOT staff that included two options. Silvester told the board after looking into the project more deeply, the costs increased from those initially estimated several months ago.
Option 1 has a current estimation of $3,970,555. The route would closely follow the grade of existing Highway 54 and would be separated from eastbound Highway 54 by a continuous barrier.
Option 2 is estimated at $3,499,724. Silvester said Option 2 utilizes a more practical vertical alignment and would deviate away from Highway 54 in some areas, following the existing ground contours. With Option 2, the new roadway would be visible along the entire route and would not “disappear” into the trees as some have thought.
Silvester said the bulk of the increased cost relates to the amount of work necessary on the existing outer road from Route Y, as it would need to be widened and shoulders would need to be added in addition to the resurfacing. Silvester then told the board the lighting is not included in either estimate, since that is a city cost, but could be incorporated into the project. Lighting costs have been estimated at $415,534.
MoDOT has agreed to still honor the 1/3, 1/3, 1/3 cost participation that was originally proposed, with a third of the funds coming from the department, a third from a state cost-share program and the other third being paid by the city. Silvester said the city would be allowed to use “soft costs” as part or all of its participation. Silvester said this could include something like purchasing the right-of-way or having it donated. He said the value of the property in that instance would be counted towards the city’s share of the project cost.
After extensive discussion, the aldermen agreed they should schedule a work session to discuss the proposal as well as other city projects and priorities.
The next board of aldermen meeting is scheduled for June 6, 2013 at 6:30 p.m.
