1990-02-26 - Laserfiche WebLink

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Session 1513, Minutes Page 2 (00 February 26, 1990 to hear and consider comments concerning the petitioners' proposal to estab- lish a special business district to improve the area known as Olive-Fast. He said Council has already approved a resolution spelling out the exact boundary and setting up this public hearing. All property owners in the proposed dis- trict have been notified. Following the public hearing, the next appropriate step is to direct preparation of a bill establishing the district. Mayor Majerus opened the public hearing at 7:39 p.m. She noted that Council has received four letters in support of the proposed district from business owners (Wino Window, R. T. Thomas, Packaging Materials, and Super-Clean Laundries) unable to attend the public hearing. Mr. Steve Adelman, Adelman Realty, 935 S. Skinker, said his firm believes this commercial area needs the same type assistance that Olive properties further west have accomplished with the Tax Increment Financing District and also the Loop Business District. He said businesses in this area should be more than willing to improve their own properties, however, if this special taxing dis- trict assures that the work will be done, there should be no objections. One of the objectives of the new district will be to encourage new investment, and in the near future, he said he will present plans for an office-warehouse project on the corner of Kingsland- and Vernon. Mr. Mark DuBro, 11174 Fairborough Court, said he has owned a business in Uni- versity City for 11 years, and was in favor of implementing the proposed spe- cial business district. He felt it was needed in order to improve this busi- ness district and the community. Mr. Tan Hoffman, Unitog Rental Services, 6200 Olive, said his firm was very interested in having the new business district came about. He noted that his company has spent a great deal of money on the building and grounds, and any- thing that will benefit the district should be supported. Mr. Marvin Schneider, 12331 Ladue Road, agreed with the preceding speakers, adding that he also has made large commitments of time and money to the area, and felt that the proposed special business district would result in definite improvement. Mr. Tam Matheny, 586 Monceau Drive, owner of Matheny Heating and Cooling, 6317 Olive, said his business has a long-term commitment in University City, and he was in favor of the measures that must be taken for a special taxing district. He did ask that the City give some attention to the effect of such a district on the business license of retail operations in the area, since he felt it may have an adverse effect on business owners regarding amount of taxes collected. Mrs. Thompson asked Mr. 011endorff the size of the proposed district, how many residents are located in the district, and what will happen to them. Mr. 01- lendorff said there will not be any adverse effects on the few residents in the area. He said a map with the district outlined was recently distributed to Council, but he described the boundaries and what was included. (Ime Mr. Paul E. Mulcahy, 1100 Shelby Road, owner of 6521 Olive, said he was very much in favor of the establishment of the special business district since he