Purposes of the Proposed District
The District will generally provide for certain services and public improvements for the mission of providing additional security, infrastructure, maintenance, and marketing for the overall benefit of the community. The District will be a separate political subdivision of Missouri with the power to impose a real property tax. The District will be governed and operated by a seven member board of directors (the “Board”), appointed by the Mayor of the City of Saint Louis (the “Mayor”) with the consent of the Board of Aldermen.
SBD PROPOSAL: Create a special taxing district within the proposed neighborhood boundary to last a period of ten (10) years starting in 2024; whereby the district can levy tax not to exceed $ .75 per $100 of assessed property value for the mission of providing additional security, infrastructure, maintenance, and marketing for the overall benefit of the community.
Draft Description of the Lafayette Square Special Business District (District)
District Boundaries
The boundaries of the Lafayette Square Special Business District shall commence at the point of the intersection of the south line of Chouteau Avenue and the east line of Jefferson Avenue; thence eastwardly along said south line of Chouteau Avenue, to its point of intersection with the west line of Truman Parkway; thence southwardly along said west line of Truman Parkway to its point of intersection with the north line of Lafayette Avenue; thence westwardly along said north line of Lafayette Avenue to its intersection with 18th Street; thence southwardly along the extension of the east line of said 18th Street to its intersection with Interstate Forty-Four; thence westwardly along the north line of said Interstate Forty-Four to its intersection with Jefferson Avenue; thence northwardly along the east line of said Jefferson Avenue to the point of beginning.