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