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November 15, 2016 — Meeting Minutes

This is the minutes of the City of Clayton Board of Aldermen meeting held November 15, 2016. The excerpts record attendance and approval of prior minutes, public requests (none), and extended discussion and a proposed ordinance authorizing a development plan, development agreement, and related Chapter 100 industrial revenue bond documents for Centene’s campus expansion. The minutes include statements about tax- and payment-related terms: school district payments in lieu of taxes of “more than $19 million” from Phase I and “more than $21 million” from Phase II; projected generation of approximately $110 million in real and personal property taxes over 20 years; obligations that Centene pay full taxes on certain residential units and personal property taxes of tenants; a condition that real property tax abatements for Phase I and II would cease if a civic auditorium is not built by December 31, 2024; and that the Chapter 100 bonds are payable only from Centene’s lease payments with no city financial liability.
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11-15-16 BOA Minutes November 15, 2016 Page 1 of 3 THE CITY OF CLAYTON

Board of Aldermen Wydown Middle School Auditorium 6600 Wydown Boulevard November 15, 2016 7:00 p.m. Minutes

(Note: These minutes include a transcription of the deliberations regarding Centene as prepared by a court reporter)

Mayor Sanger called the meeting to order and requested a roll call. The following individuals were in attendance:

Aldermen: Cynthia Garnholz, Joanne Boulton, Alex Berger, Rich Lintz, and Ira Berkowitz. Mayor Sanger City Manager Owens City Attorney O’Keefe

Absent: Mark Winings

Alderman Boulton moved to approve the November 8, 2016. Alderman Garnholz seconded. The motion to approve the minutes passed unanimously on a voice vote. PUBLIC REQUESTS AND PETITIONS

None

AN ORDINANCE TO CONSIDER APPROVAL OF A DEVELOPMENT PLAN, DEVELOPMENT AGREEMENT AND OTHER DOCUMENTS FOR THE CENTENE CAMPUS EXPANSION PROJECT

City Manager Owens reported that the attached ordinance approves a Plan for an Industrial Development Project and Fiscal/Tax Impact Analysis relating to a public-private partnership between the City and Centene Corporation as part of the expansion of Centene’s national headquarters in downtown Clayton. The ordinance also approves a Development Agreement between the City and Centene Center II, LLC (an affiliate of Centene Corporation). The Development Agreement describes the public realm improvements that Centene and its affiliates are obligated to complete in order to receive the benefits described in the Development Plan. The Development Agreement provides for the majority of business terms and policy considerations surrounding the construction and equipping of the campus expansion project.

The Development Agreement describes the public realm improvements that Centene and its affiliates are obligated to complete in order to receive the benefits described in the Development Plan. The Development Agreement provides for the majority of business terms and policy considerations surrounding the construction and equipping of the campus expansion project. The Development Agreement includes the following terms:

 Centene will construct the campus expansion project consisting of office, retail, structured parking, apartments, a hotel, and a civic auditorium in two phases. Centene Center II, LLC will receive 40% tax abatement for 20 years on the real property improvements included in each phase. The 20-year abatement period will be measured

11-15-16 BOA Minutes November 15, 2016 Page 2 of 3 separately for each phase (i.e., it will begin for Phase I after the completion of Phase I and it will begin for Phase II after the completion of Phase II).  No real property tax abatement will be provided for the apartment building, if it is built.  Centene Corporation will receive 50% tax abatement for 10 years on Centene-related personal property included in each phase; personal property from non-Centene tenants will not receive tax abatement. The 10-year abatement period will be measured separately for each phase.  Real property taxes will never be less than those paid in 2015.  If the civic auditorium is not built by December 31, 2024, then all real property tax abatement on Phase I and Phase II will cease until the civic auditorium is completed (if ever). Potential Benefits:

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