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Session 1530, Minutes Page 2 (me October 15, 1990 Mayor Majerus opened the public hearing at 7:36 p.m. Ms. Mary Fahey, staff liaison to the Tax Increment Financing Commission, said the Commission recommends the establishment of a tax increment financing dis- trict which includes 6665-7200 Olive, the west side of Kingsland (801-965) , and the commercially zoned property at 6700-21 Vernon. She said interest in the TIF district was stimulated by the 1986 Caiprehensive City Plan, workshops and interviews with Olive property owners and businesses, the Olive Boulevard commercial district and marketing study completed in 1989 by Harland Bartholo- mew, and a developer interested in developing 3.3 acres at the southwest cor- ner of Kingsland and Vernon. TIF funds will be spent on parcel acquisition and rehabilitation or demolition of structures; site preparation and grading; rehabilitation, repair or remodeling of existing buildings; planting of trees and shrubs; intersection treatment; and installation or repair of curbs, gut- ters, sidewalks and alleys associated with development on adjacent parcels. Mr. Mark DuBro, 11174 Fairborough, Creve Coeur, a University City business owner for 12 years, said he was in favor of the new TIF district to help his business expand into the proposed Kingsland Center. Mr. Steve Adelman, 935 S. Skinker, said he represented Kingsland Investments, proposed developer of the 3.3 acre tract at Kingsland and Vernon. Formation of the TIF district would enable this project to move forward, he said, which would provide jobs and a larger tax base for University City. He believed the project could not be built if the new district is not approved. He asked the Council to act favorably on this matter. Mr. Bernard Stock, 7149 Stanford, said he owned a business at 7281 Olive, and had an interest in the property at 7271 Olive. What is needed in the area is more security, he said, and he did not see any relationship between the prop- erty on Kingsland and that on Olive Street Road. He felt the new district would not benefit the properties on Olive, and curbs, bushes, landscaping, etc. were not needed. Mrs. Carol Rossel, 7407 Teasdale, said she and her husband own Rosco Electric, 7015 Olive. She said the City has never maintained the alley behind their business, and she wanted to know if it will be maintained if the new TIF dis- trict is formed. Ms. Fahey said alley improvements are an eligible expense. Mayor Majerus closed the public hearing closed at 7:46 p.m. PUBLIC HEARING - VACATION OF AHERN WEST OF JACKSON The City Manager said a public hearing to consider the vacation of Ahern west of Jackson was set for 7:30 p.m. this date. The street has never been paved and adjacent property owners have requested the vacation in order to install a driveway to the house they plan to build. Mr. 011endorff said a phone call was received from Mrs. Sciortino, 1086 Wilson, who is opposed to the vacation because she felt no construction should be allowed near the River Des Peres. (me Mayor Majerus opened the public hearing at 7:47P.m.