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CITY OF UNIVERSITY CITY, ST. LOUIS COUNTY, MISSOURI <br /> RESOLUTION NO. <br /> <br /> RESOLUTION OF INTENTION TO ESTABLISH A SPECIAL BUSINESS DISTR~CT <br /> WHEREAS, sections 71.790 through 71.808 of Missouri Revt~ed <br />Statutes 1994, as amended (the "Special Business District Act"~) <br />prescribes the method for the establishment of special business <br />taxing districts upon petition by one or more owners or real <br />property within the proposed districts; and <br /> <br /> WHEREAS, section 71.794 of the Special Business District ~c[. <br />provides that, following receipt of a petition to establish a <br />special business district, the governing body of a city may adopl <br />a resolution of intention which shall contain a description o~ <br />the proposed district boundary, the time and place of a public <br />hearing on the proposed district, the proposed uses of the <br />additional revenues, and the initial tax rate to be levied; and <br /> <br /> h"HEREAS, the City of University City (the "City") has <br />received a petition requesting the establishment of a Parkview <br />Gardens Special Business District (the "Petition") from owners' of <br />real property on which is paid the ad valorem real property ta~es <br />within the proposed district; and <br /> <br /> WHEREAS, i~ accordance with seGtion 71.792 of the Special. <br />Business District Act, the City has conducted a survey and <br />investigation for the purposes of determining the nature of an~ <br />suitable location for business district improvements, the <br />approximate cost of acquiring and improving the land therefor,, <br />the area to be included in the proposed district, the need for <br />and cost of special services, and cooperative promotion <br />activities, and the percentage of the cost of acquisition, <br />special ~ervtces, and improvements within the business district <br />and that part of the cost, if any, to be paid by public funds <br />(the "Survey and Investigation") and has filed a written repor't <br />of the Survey and Investigation in the office of the City Clerk, <br />a 'copy of which report is attached as Exhibit A and incorporatbd <br />by reference in this Resolution; and <br /> <br /> W~EREAS, following due consideration of the Petition and ~be <br />Survey and Investigation, the Council of the City wishes to adopt <br />a resolution of intention to establish a Parkview Gardens Special <br />Business District and to hold a public hearing thereon, all as <br />required by the Special Business District Act and as set forth <br />herein; <br /> <br /> NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE. <br />CITY OF UNIVERSITY CITY, ST. LOUIS COUNTY, MISSOURI as follows': <br /> <br /> 1. That the City Council intends to establish a Parkvieb <br />Gardens Special Business District having a boundary as describ~d <br />in ~xhibit A; <br /> <br /> 2. That the initial additional tax rate to be levied upon <br />property lying within the Parkview Gardens Special Business ~ <br />District e ~v-~ e cents on the one-hundred-dollar <br /> shall b ¢~ ~, <br />assessed valuation ahd that the proposed uses to which the <br />additional revenue shall be put shall be as set forth in <br />Exhibit A; and <br /> <br /> 3. That the City Council shall hold a hearing on Januar~ <br />22, 1996 at 7:30 P.M. in the Council Chambers, City Hall, 6801' <br />Delmar Boulevard, University City, Missouri to consider the <br />establishment of a Parkview Gardens Special Business District; <br />and <br /> <br /> 4. That the City Manager is hereby authorized and directed <br />to cause to be prepared, mailed, and published the notices of ~he <br /> <br />~'~L- 3~0675 <br /> <br /> <br />