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Economic Development Retail Sales Tax Board <br />6801 Delmar Boulevard University City, Missouri 63130 314-505-8500 Fax: 314-862-3168 <br />ECONOMIC DEVELOPMENT RETAIL SALES TAX FUNDS <br />FISCAL YEAR 2018 (JULY 1, 2017 –JUNE 30, 2018) <br />GENERAL INFORMATION <br />In August 2006, the City of University City levied a one-quarter (1/4) percent sales tax on retail sales to be <br />used for economic development purposes. Thisrevenue is based on the amount of sales tax generated <br />through point of sales within the City limitsand fluctuates from year to year. <br />Through the Economic Development Retail Sales Tax (EDRST), funds are being invested in University <br />City programs and projects thatencourage the physical and economic redevelopment of major corridors, <br />improve infrastructure, support existing successful business districts, and enhance efforts toward business <br />retention, expansion and attraction. The use of revenues generated by the tax are generally for project <br />administration, land acquisition, infrastructure,water and wastewater treatment capacity, matching state <br />or federal grants related to long-term economic development projects,marketing, training,equipment and <br />infrastructure and other specified uses. <br />A five-member volunteer Economic Development Retail Sales Tax Board helps to oversee the use of the <br />EDRST and serves in an advisory capacity to City Council. <br />WHO CAN APPLY <br />The EDRST is generally open to any organization, with priority given to non-profit and City sponsored <br />projects. To be considered for funding, please complete and submit the attached application. <br />Organizations requesting funds for multiple programs or projects must complete a separate“Section 2: <br />Program or Project Information”for each funding request. <br />FY17EDRST BUDGET CALENDAR <br />DATEACTIONPERFORMED BY <br />December 5, 2016Issue ApplicationCommunity Development Department <br />February 3, 2017Application DeadlineApplicants <br />February 9, 2017Application Packets distributed to EDRST Community Development Department <br />Board <br />February 16, 2017–EDRST Meeting –Applicant PresentationsApplicants <br />4:00PM <br />March 16, 2017-Public Hearing on Recommended BudgetEDRSTBoard, Applicants (Optional <br />6:00PMattendance) <br />April 13, 2017–EDRST Meeting –Vote on Recommended EDRSTBoard <br />4:00PMBudget <br /> <br />