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LAND CLEARANCE REDEVELOPMENT AUTHORITY (LCRA) <br />GENERAL TAX ABATEMENT PROCEDURE <br />RSMo 99.3 – 99.660 <br />Procedure Tentative Date <br />1. Developer submit redevelopment <br />plan <br />2. LCRA meets to review/approve <br />redevelopment plan and blighting <br />analysis <br />3. LCRA submits recommendation to <br />Plan Commission and City Council <br />4. Plan Commission meets to consider <br />LCRA recommendations <br />5. Plan Commission submits <br />recommendation to City Council <br />6. City Council conducts public hearing <br />to determine blight, review <br />redevelopment plan <br />7. LCRA publishes Request for <br />Proposals for Redevelopment Area <br />per 99.450(2) <br />8. Property owner to apply for tax <br />abatement; application should include <br />construction plans <br />9. LCRA considers application and <br />gives City Council 30-day notice of <br />intent to enter into redevelopment <br />contract with the applicant per <br />99.450(2) <br />10. LCRA and applicant execute <br />redevelopment contract <br />11. Applicant constructs project in <br />accordance with redevelopment <br />contract <br />12. LCRA issues a Certificate for <br />Qualifications for Tax Abatement <br />13. Property owner notifies assessor of <br />tax abatement within 30 days of Step <br />12 <br />14. City provides filed plans to assessor <br />within 30 days of Step 12 <br />15. The assessor maintains copy of plans <br />for duration of tax abatement <br /> <br />