ECONOMIC DEVELOPMENT TOOLS

STATE OF MISSOURI ECONOMIC DEVELOPMENT PROGRAMS (LEGISLATIVELY ESTABLISHED) CHAPTER 100 CHAPTER 353 TRANSPORTATION DEVELOPMENT DISTRICT (TDD) COMMUNITY IMPROVEMENT DISTRICT (CID) NEIGHBORHOOD IMPROVEMENT DISTRICT (NID) TAX INCREMENT FINANCING (TIF)

OTHER BUSINESS ASSISTANCE PROGRAMS ON THE JOB TRAINING (OJT) (St. Charles County Department of Workforce Development) CUSTOMIZED TRAINING PROGRAM (St. Charles Community College) MISSOURI LINKED DEPOSIT (State of Missouri) MISSOURI WORKS PROGRAM MISSOURI BUILD SBA 504 (Economic Development Center of St. Charles County)

CHAPTER 100 Involves the issuance of bonds Technically, ownership of development is held by the local government Negotiated level of total abatement Applies equally to all taxing jurisdictions PILOTS Payments are made by developer Payment in Lieu of Taxes Wentzville has two Chapter 100 projects General Motors Wentzville Assembly Center Wentzville Logistics Center

General motors corporation General Motors Wentzville Assembly Center Chapter 100 Project

Wentzville Logistics Center Chapter 100 project (34% abatement of property taxes for 10 years)

CHAPTER 353 Involves a tax abatement for blighted area State definition of blighted area can apply to property with inadequate or outmoded design or physical deterioration Tax abatement only available to for-profit Urban Redevelopment Corporations 25 year abatement; 10 years @ 100% abatement; 15 years @ 50% abatement PILOTS can be made to taxing jurisdictions (Payment in Lieu of Taxes) City of Wentzville has one Chapter 353 project

Wentzville Bluffs CID/353 A combination CID/353 at Wentzville Bluffs Board approved 2006 1.0% sales tax for 20 years or until debt is paid

Transportation development district (tdd) Allows the City to establish a special assessment district to finance road work and other transportation- oriented projects to foster economic development Funds repaid through special assessment, additional property taxes or sales taxes, bonds and/or tolls Funds to repay the TDD have to be from within the established District boundaries Funds can be spent outside the District, but must benefit the District City of Wentzville has four TDD’s

Wentzville’s Transportation districts Dierbergs TDD THF TDD I THF TDD II THF TDD III

Wentzville’s Transportation districts ap Dierbergs TDD Board Approved 2007 .50% sales tax until debt is paid

Wentzville’s Transportation districts THF TDD I Board Approved 2001 .25% sales tax 10 years or longer

Wentzville’s Transportation districts THF TDD II Board Approved 2005 .50% sales tax until debt is paid or 23 year maximum

Wentzville’s Transportation districts THF TDD III Board Approved 2007 .25% sales tax until debt is paid or 23 year maximum

Community improvement district (cid) Allows property or business owners, or the City, to establish a District to fund necessary public infrastructure improvements Funds repaid through a special assessment, additional property taxes or sales taxes, business licenses, fees or rents Funds to repay the CID have to be from within the established District boundaries CID funds can be much broader than those from a NID (i.e. murals, landscaping, tourism, refuse collection, music, childcare facilities) City of Wentzville has three CID’s

Wentzville’s community improvement districts Bear Creek CID A combination CID/353 at Wentzville Bluffs West Pearce NID/CID

Wentzville’s community improvement districts Bear Creek CID Board Approved 2011 .50% sales tax until debt is paid or 50 year maximum

Wentzville’s community improvement districts A combination CID/353 at Wentzville Bluffs Board Approved 2006 1.0% sales tax until debt is paid or 20 year maximum

Wentzville’s community improvement districts West Pearce NID/CID Board Approved 2009 .50% sales tax until debt is paid

Neighborhood improvement district (nid) Allows an improvement to be made in an area benefited by that improvement Funds repaid through a special assessment Unlike TDD AND CID, a NID is not a separate legal entity NID funds are for public improvements or re- improvements such as storm sewers, street lights, landscaping, sidewalks or parks City of Wentzville has two NID’s

Wentzville’s neighborhood improvement districts Bear Creek (special assessment) West Pearce NID/CID (.50% sales tax)

Wentzville’s neighborhood improvement districts Bear Creek (special assessment) Board Approved 2000 .50% special assessment until 2017

Wentzville’s neighborhood improvement districts West Pearce NID/CID (.50% sales tax) Board Approved 2009

Tax increment financing (tif) Permits the use of a portion of local property and sales tax to assist in funding of certain designated areas Areas can be classified as blighted, conservation or economic development Requires approval by a Tax Increment Financing Commission consisting of representatives of various taxing jurisdictions TIF funds can be used for a variety of purposes (i.e. fill material, infrastructure improvements, public recreational facilities) PILOTS can be made to taxing jurisdiction (Payments in Lieu of Taxes) City of Wentzville has three TIF areas

Wentzville’s tax increment financing areas I-70 Corporate Parkway TIF Area M&B Sachs Business Park Extension TIF South 70 Commercial Area - East

Wentzville’s tax increment financing areas I-70 Corporate Parkway TIF Area

Wentzville’s tax increment financing areas M&B Sachs Business Park Extension TIF

Wentzville’s tax increment financing areas South 70 Commercial Area - East

New 2016 tif legislation HB 1434 – Koenig Specifies that a recommendation of approval on a proposed redevelopment plan, project, designation, or amendment by a TIF commission in St. Charles, Jefferson, and St. Louis counties must only be deemed to occur if a majority of the commissioners voting vote for approval. A tied vote must be considered a recommendation in opposition;  Requires the governing body of a municipality to submit a report of each redevelopment plan and redevelopment project in existence on December 31 of the preceding year to the Department of Revenue by November 15 each year and requires the Commissioner of Administration to publish the data in the reports on the Missouri Accountability Portal. Any municipality that does not comply with such reporting requirements within 60 days from the certified mail notification from the department will be prohibited from adopting any new tax increment financing plan for five years. Only applies to St. Charles, Jefferson and St. Louis counties Need to submit a report of each redevelopment plan by November 15 Prohibited from adopting any new tax increment financing plan for five years if plan not filed No vote or tied vote constitutes a “no” then can only do land clearance and not land assemblage

Special districts map