Group gives nod to developer
Published: Monday, November 23, 2009
Updated: Wednesday, October 28, 2009 1:06 PM CDT
Updated: Wednesday, October 28, 2009 1:06 PM CDT
The city council gave approval to two resolutions allowing a Jackson, Mo., area developer to seek financial assistance through the Missouri Housing Development Commission for tax credit incentives for construction and remodeling of two multi-family complexes in town.
RCH Development was asking for resolutions showing the council’s support on two proposed projects. The first, called Phase II of Heritage Meadows, would be additional buildings for senior citizen housing alongside the existing Heritage Meadows development off KREI Boulevard.
The second project being sought by RCH would be the purchase and remodeling of the Plum Tree apartment complex off Old Fredericktown Road. Also formerly known as Abby Lane and Country Lane apartments, Plum Tree would be remodeled and renamed Pine Tree Apartments.
RCH would purchase the apartment complex and do extensive remodeling on the exterior, interior and heating and cooling of the apartment buildings. RCH currently owns the Townhouse apartment complex next door to Plum Tree.
Following a short discussion the council gave 6-1 approval of support for RCH Development to seek state tax credits as part of the financing for the project. Under the program the city would not be out any money or profit from the project, but the council would simply provide a letter lending it’s blessing to the project. History has shown that such letters of support carry a substantial amount of weight in the bidding process for state tax credits for developers doing public housing projects.
In other actions the council discussed taking up two other concerns for the public good. There was a discussion over two topics which recently came up in a council committee meeting. The first dealt with creating an ordinance to enforce excessive exhaust from diesel passenger vehicles — primarily diesel pickups which have been modified to create more power, and subsequently more exhaust emissions. The second topic passed on from committee would impose a occupancy inspection on rental property within the city.
It was said there is still some details to be worked out on the residency inspection, including whether inspections would be done each time a rental property changed tenants, or on an annual basis. More discussion will be had in coming weeks before any ordinance is drafted and presented to the council.
The group also approved a bill to allow for the purchase of battery backup packs for seven signal lights. The battery packs would provide near instantaneous emergency operation of the traffic signals during power outages. City Administrator Greg Beavers likened the battery packs to emergency power supply sources for computers, in that they would provide seemingly smooth transition of the lights operating on electricity or emergency batteries. The only ongoing cost of the system would be battery replacement every few years at a cost of about $1,000 per intersection.
RCH Development was asking for resolutions showing the council’s support on two proposed projects. The first, called Phase II of Heritage Meadows, would be additional buildings for senior citizen housing alongside the existing Heritage Meadows development off KREI Boulevard.
The second project being sought by RCH would be the purchase and remodeling of the Plum Tree apartment complex off Old Fredericktown Road. Also formerly known as Abby Lane and Country Lane apartments, Plum Tree would be remodeled and renamed Pine Tree Apartments.
RCH would purchase the apartment complex and do extensive remodeling on the exterior, interior and heating and cooling of the apartment buildings. RCH currently owns the Townhouse apartment complex next door to Plum Tree.
Following a short discussion the council gave 6-1 approval of support for RCH Development to seek state tax credits as part of the financing for the project. Under the program the city would not be out any money or profit from the project, but the council would simply provide a letter lending it’s blessing to the project. History has shown that such letters of support carry a substantial amount of weight in the bidding process for state tax credits for developers doing public housing projects.
In other actions the council discussed taking up two other concerns for the public good. There was a discussion over two topics which recently came up in a council committee meeting. The first dealt with creating an ordinance to enforce excessive exhaust from diesel passenger vehicles — primarily diesel pickups which have been modified to create more power, and subsequently more exhaust emissions. The second topic passed on from committee would impose a occupancy inspection on rental property within the city.
It was said there is still some details to be worked out on the residency inspection, including whether inspections would be done each time a rental property changed tenants, or on an annual basis. More discussion will be had in coming weeks before any ordinance is drafted and presented to the council.
The group also approved a bill to allow for the purchase of battery backup packs for seven signal lights. The battery packs would provide near instantaneous emergency operation of the traffic signals during power outages. City Administrator Greg Beavers likened the battery packs to emergency power supply sources for computers, in that they would provide seemingly smooth transition of the lights operating on electricity or emergency batteries. The only ongoing cost of the system would be battery replacement every few years at a cost of about $1,000 per intersection.
Digg This!
Story Paging
Next storyPrevious story
Member Center
E-mail updates
