General

Agenda — 6 items

1. Item Number 2Board Bill Number 57Introduced by Alderman Rasheen AldridgeThis Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the St. Louis Place and Old North Scattered Sites Redevelopment Area. The project consists of the renovation of 15 buildings in the St. Louis Place and Old North Neighborhoods. The prospective redeveloper is producing 68 affordable units ranging from 1-5 bedrooms, at the cost of $18.7 million. The redeveloper plans to utilize LIHTC, other public and private funds for this project. The financial model concludes that the project supports fifteen (15) years of tax abatement (10 years based on 90% of the assessed value of the incremental improvements and followed by 5 years based on 50% of the assessed value of the incremental improvements.
2. Approval of the minutes from the Tuesday, October 6, 2026, committee meeting.
3. Item Number 1Board Bill Number 47Introduced by Alderwoman SonnierThis Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the Tiffany Scattered Sites II Redevelopment Area. The project consists of the renovation of 21 buildings in the Tiffany Neighborhood. The prospective redeveloper is producing 60 affordable units ranging from 1-3 bedrooms, at the cost of $15.4 million. The redeveloper plans to utilize LIHTC, other public and private funds for this project. The financial model concludes that the project supports fifteen (15) years of tax abatement (10 years based on 90% of the assessed value of the incremental improvements and followed by 5 years based on 50% of the assessed value of the incremental improvements)
4. Item Number 3Board Bill Number 70Introduced by Alderman Michael BrowningThis Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 1070-1092 South Kingshighway Boulevard, 4575 Oakland Avenue, and 4580 Chouteau Avenue Redevelopment Area. The proposed Bill does not allow for use of eminent domain within the area. This Board Bill will allow for up to a 10-year tax abatement at 90 percent for market rate projects and up to 15-year abatement for LIHTC project
5. <strong><u>Discussion Item Number 2</u></strong><br>The committee will discuss the Mayoral appointments to the Nuisance Property Review Board: Vannah Shaw, Ed Ware, Amber Cole, Alonzo Shaw, Bernard Powderly, Walter Bonner, and Kelsey Lober.
6. <strong><u>Discussion Item Number 1</u></strong><br>​The committee will discuss the Mayoral appointments to the Baden Market Centre Special Business District: Kimberly Jones, Thereas Myers, Tamara Keefe, Larry Johnson, and Tyanna Broadway.

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