Res 2007 - 9 Loop Trolley - Laserfiche WebLink

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RESOLUTION NO. 2007 - 9 WHEREAS, the City of University City, St. Louis County, Missouri (“University City”) is also a local transportation authority within the meaning of Section 238.202.1(4) of the Missouri Transportation Development District Act, Section 238.200 to 238.275 of the Revised Statutes of Missouri (2004, as amended) (“the TDD Act”); WHEREAS, the City of St. Louis, Missouri (“St. Louis”) is a local transportation authority within the meaning of Section 238.202.1(4) of the TDD Act; and WHEREAS, two or more local transportation authorities are authorized under Section 238.207.5 of the TDD Act to adopt resolutions calling for the joint establishment of a transportation development district for the purpose of funding, promoting, planning, designing, constructing, improving, maintaining and operating or assisting in one or more projects approved in accordance with the TDD Act; and WHEREAS, University City wishes to adopt a resolution calling for the joint establishment of a transportation development district to be known as the Loop Trolley Transportation Development District (“the District”) for the purpose of funding, promoting, planning, designing, constructing, improving, maintaining and operating or assisting in (a) design, construction and installation of improvements along Delmar Boulevard and DeBaliviere Boulevard necessary for a trolley-car rail system; (b) resurfacing of Delmar Boulevard and DeBaliviere Boulevard to accommodate a trolley- car rail system and street parking; (c) construction of one or more turn around areas for vehicular traffic and/or a rail system; (d) acquisition of trolley-car(s); (e) conducting a marketing, feasibility, and financing study to finance and implement the design, installation, approvals, permitting, construction and maintenance of a trolley-car rail system along Delmar Boulevard and DeBaliviere Boulevard; (f) design, construction and installation of surface and/or structured parking or pedestrian related improvements; and (g) all other costs and fees necessary or incidental to the foregoing (collectively, “the Transportation Project”); and WHEREAS, the City Council finds and determines that the creation of a joint transportation development district with St. Louis pursuant to the TDD Act will provide a source of revenue to fund said Transportation Project, said Transportation Project will benefit University City, and therefore calling for the joint establishment of said District is in the best interest of the citizens of University City. BE IT RESOLVED by the city of University City as follows: 1.That it is in the best interest of University City to call for the joint establishment, with St. Louis, of a transportation development district to be known as the Loop Trolley Transportation Development District (“the District”) having the boundaries as shown on the attached Exhibit A. 2.That the City Council hereby calls for the joint establishment of the District for the purpose of funding the Transportation Project (as defined above).