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Economic Development Retail Sales Tax Board 6801 Delmar Boulevard*University City, Missouri 63130*314-505-8500*Fax: 314-862-3168 QUARTERLY PERFORMANCE REPORT Project Number:Quarter:Q4 April-June 2015 Applicant/Sponsor:Submittal Date:Name of Person Completing Report: City of University City, Department of July 31, 2015Jodie Lloyd, Manager of Economic Community DevelopmentDevelopment Project Title:Olive Reserve Fund Activity Progress Narrative. Please describe milestones achieved during this reporting period: The EDRST Boardapproved funds to be set aside for projects and programs on Olive Boulevard, the “Olive Reserves.” The funds are to be used for long term economic development on Olive Blvd. In Q 4, theCity moved forward with four projects using FY 15 Olive Reserve funds: 24,900 Olive Boulevard Traffic Analysis, $. The City has heard from many business, property owners, and residents that Olive Boulevard is not a safe street to walk or bike. Traffic on Olive Blvd travelsat a faster speed than the posted speed limit. Business and property owners want to explore the idea of reducing the travel lanes on Olive Blvd and adding street parking, safe crosswalks, and bike lanes. A “Great Street” encourages pedestrian activity andwould increase the economic development on Olive Blvd. The City isworkingwith the Missouri Department of Transportation and a traffic engineering consultant. MODOT requires the City to conduct a Traffic Analysis to determine if Olive Blvd is a candidatefor a road re-channelization. $13,500 Site and building improvements at Olive Boulevard and Midland, .The City owns 1.92 acres on the corner of this major intersection. Unfortunately, the City has been unsuccessful in finding a developer for the parcel because it is a shallow lot located in the floodplain. And since the purchasing of the land, the federal floodplain regulations have become stricter, making it near impossible to sell the land. The City proposes to renovate the building that could be used to enhance the economic development of the corridor. Ideas for the building include a culinary/incubator kitchen, space for coffee/bakery shop, a welcome center, community space for art gallery, etc. The property will be enhanced and could include a community garden, public art, etc. The City is usingOlive Reserve funds to study the feasibility of renovatingthe building. The City has retained H3 Studios for the project. Improvements to this site willenhance the corridor and spur additional economic development along Olive Blvd. $6,158 – Four trash/recycle containers placed along Olive Blvd near bus stops, very nice black metal containers that help enhance the appearance of Olive Blvd while helping with litter control $5,200 Ameren lighting upgrades, approx. . 52 lights on Olive Blvd between I-170 and 8020 Olive Blvd will be upgraded from mercury vapor to high pressure sodium, light output will significantly improve. The City will continue to work with Ameren to upgrade additional lights along Olive Blvd, as feasible. Ameren will install the lighting upgrades in the Fall 2015. The City has not pair Ameren, yet. Budget Performance: EDRST Approved Requested this Previous Funds Cash/Non-Cash Remaining ActivityFundsQuarterRequestedMatchExpended this EDRST Funds Quarter $160,059$ 0$0$123,500