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minutes 2016-11-15 City meeting records #q2944e436 Open original ↗

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.
Cited passage
6. A public park or plaza, pedestrian enhancements, streetscape improvements and traffic

NOTE: a transcription of the deliberations regarding Centene was prepared by a court reporter and is available as part of the official minutes. Alderman Garnholz introduces Bill No. 6588, an Ordinance Approving a Plan for an Industrial Development Project for the Centene Campus Expansion Project; Authorizing the City Of Clayton to Issue Its Taxable Industrial Revenue Bonds for the Purpose of

11-15-16 BOA Minutes November 15, 2016 Page 3 of 3 Providing Funds to Pay the Costs of Purchasing, Constructing, Extending, Installing and Equipping the Project; and Authorizing the City Manager to Enter Into Certain Agreements and Take Certain Other Actions in Connection with the Project and the Issuance of the Bonds to be read for the first time by title only. Alderman Boulton seconded.

City Attorney O’Keefe reads Bill No. 6588, an Ordinance Approving a Plan for an Industrial Development Project for the Centene Campus Expansion Project; Authorizing the City Of Clayton to Issue Its Taxable Industrial Revenue Bonds for the Purpose of Providing Funds to Pay the Costs of Purchasing, Constructing, Extending, Installing and Equipping the Project; and Authorizing the City Manager to Enter Into Certain Agreements and Take Certain Other Actions in Connection with the Project and the Issuance of the Bonds for the first time by title only.

The motion passed unanimously on a voice vote.

Alderman Garnholz moved that the Board give unanimous consent to consideration for adoption of Bill No. 6588 on the day of its introduction. Alderman Boulton seconded.

The motion passed unanimously on a voice vote.

Alderman Garnholz introduces Bill No. 6588, an Ordinance Approving a Plan for an Industrial Development Project for the Centene Campus Expansion Project; Authorizing the City Of Clayton to Issue Its Taxable Industrial Revenue Bonds for the Purpose of Providing Funds to Pay the Costs of Purchasing, Constructing, Extending, Installing and Equipping the Project; and Authorizing the City Manager to Enter Into Certain Agreements and Take Certain Other Actions in Connection with the Project and the Issuance of the Bonds to be read for the second time by title only. Alderman Boulton seconded.

City Attorney O’Keefe reads Bill No. 6588, an Ordinance Approving a Plan for an Industrial Development Project for the Centene Campus Expansion Project; Authorizing the City Of Clayton to Issue Its Taxable Industrial Revenue Bonds for the Purpose of Providing Funds to Pay the Costs of Purchasing, Constructing, Extending, Installing and Equipping the Project; and Authorizing the City Manager to Enter Into Certain Agreements and Take Certain Other Actions in Connection with the Project and the Issuance of the Bonds for the second time by title only.

Alderman Garnholz – Aye; Alderman Boulton – Aye; Alderman Berger – Aye; Alderman Lintz – Aye; Alderman Berkowitz – Aye; and Mayor Sanger – Aye. The bill was adopted and became Ordinance No. 6457 of the City of Clayton.

There being no further business the meeting was adjourned at 8:30 p.m.

____________________________

Mayor

ATTEST:

____________________________ City Clerk

options to Clayton.

mitigation.

The ordinance also approves the issuance of industrial revenue bonds under Chapter 100 of the Missouri statutes, which facilitates the property tax incentives referenced in the Development Plan and the Development Agreement. Unlike tax increment financing and Chapter 353 redevelopment corporations, the Chapter 100 statute does not require property to be blighted. Rather, it is designed to incentivize office and other commercial development projects in non- blighted areas. Recent Chapter 100 projects include large-scale investments by Boeing, World Wide Technology, and Monsanto.

The City has no financial liability with respect to the Chapter 100 bonds. The bonds are payable only from the lease payments made by Centene and its affiliates. The bonds will be held by Centene, its affiliates or lenders; thus, no third party has any risk associated with the bonds. The ordinance approves the trust indentures, leases, bond purchase agreements, performance agreements, and special warranty deeds relating to the bonds, and an indemnity agreement from Centene to the City, assuring that the City has no financial liability resulting from the transaction.

Recommendation is to approve the ordinance.

NOTE: a transcription of the deliberations regarding Centene was prepared by a court reporter and is available as part of the official minutes.

Alderman Garnholz introduces Bill No. 6588, an Ordinance Approving a Plan for an Industrial Development Project for the Centene Campus Expansion Project; Authorizing the City Of Clayton to Issue Its Taxable Industrial Revenue Bonds for the Purpose of

The bill was adopted and became Ordinance No. 6457 of the City of Clayton. There being no further business the meeting was adjourned at 8:30 p.m.

____________________________

Mayor

ATTEST:

____________________________ City Clerk

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4 COVER SHEET INFORMATION 5

6 Date: November 15, 2016 7 IN RE: THE MATTER OF BOARD OF ALDERMEN MEETING 8 CITY OF CLAYTON, MISSOURI 9

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2 1 IN THE CITY OF CLAYTON 2 STATE OF MISSOURI 3

4 IN RE: THE MATTER OF BOARD OF ALDERMEN MEETING 5 November 15, 2016 6

7 BE IT REMEMBERED that the above-entitled 8 matter came on for a hearing at Wydown Middle School, 9 6600 Wydown Boulevard, in the City of Clayton, State of 10 Missouri, on the 15th day of November, A.D., 2016, 11 commencing at the hour of 7:00 in the evening of that 12 day, said hearing having been called by the City of 13 Clayton Board of Aldermen, pursuant to the issuance of 14 due notice to all parties in interest, and the 15 following is a transcript of a portion of the 16 proceedings held during the course of that hearing. 17

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2 1 IN THE CITY OF CLAYTON 2 STATE OF MISSOURI 3

4 IN RE: THE MATTER OF BOARD OF ALDERMEN MEETING 5 November 15, 2016 6

7 BE IT REMEMBERED that the above-entitled 8 matter came on for a hearing at Wydown Middle School, 9 6600 Wydown Boulevard, in the City of Clayton, State of 10 Missouri, on the 15th day of November, A.D., 2016, 11 commencing at the hour of 7:00 in the evening of that 12 day, said hearing having been called by the City of 13 Clayton Board of Aldermen, pursuant to the issuance of 14 due notice to all parties in interest, and the 15 following is a transcript of a portion of the 16 proceedings held during the course of that hearing. 17

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3 1 APPEARANCES: 2

3 Harold Sanger - Mayor 4 Cynthia Garnholz - Alderwoman 5 Joanne Boulton - Alderwoman 6 Richard Lintz - Alderman 7 Alex Berger III - Alderman 8 Ira Berkowitz - Alderman 9

10 Kevin O'Keefe - City Attorney 11 Craig Owens - City Manager 12 June Frazier - City Clerk 13

14 Bill Number 6588 - Centene Campus Extension Project 15

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