Per the FY2020 proposed budget plan, we are submitting the maximum allowable rates for your review. Mayor Harris closed the public hearing. Alderman Winings introduced Bill No. 6751, an ordinance Setting the Property Tax Levies for Tax Year 2019 to be read for the first time by title only. Alderman McAndrew seconded. City Attorney Karr reads Bill No. 6751, first reading, an ordinance Levying and Establishing the Rate of Annual Taxes for General Municipal Purposes; Police Building Debt Service; General Obligation Deb Service; and Special Business District Purposes to be Collected by the City of Clayton, Missouri, for the Year 2019, Including Resetting Certain Tax Rates to the Voter- Approved Tax Rate Ceiling and Articulating Reasons for Doing So by title only. The motion passed unanimously on a voice vote. AN ORDINANCE TO CONSIDER APPROVING THE FY2020 OPERATING AND CAPITAL IMPROVEMENTS BUDGET – 1ST READING

Mayor Harris opened the Public hearing and requested proof of publication. Interim City Manager Watson reported that In July, the Board of Aldermen received the City Manager’s proposed Fiscal Year 2020 Operating and Capital Improvements Budget. As part of the budget process, the Board is required to hold a public hearing to seek public input prior to formal budget adoption. Kayla Pacanowski, Interim Finance Director, addressed the Board providing a summary overview of the proposed budget. Mayor Harris closed the public hearing.

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Alderman Winings introduced Bill No. 6752, to adopt the FY2020 Operating and Capital Improvement Budget issue to be read for the first time by title only. Alderman Berkowitz seconded. City Attorney Karr reads Bill No. 6752, first reading, an ordinance Adopting an Annual Budget for Fiscal Year 2020 Commencing on October 1, 2019. The motion passed unanimously on a voice vote. AN ORDINANCE TO CONSIDER AMENDING TITLE IV “LAND USE”, CHAPTER 405 (ZONING REGULATIONS) OF THE MUNICIPAL CODE OF THE CITY OF CLAYTON, MISSOURI, ARTICLE X “PLANNED UNIT DEVELOPMENT DISTRICT”

Interim City Manager Watson reported that this is the second reading of this item. Page 3 of the draft ordinance has modifications that were discussed at the last meeting, held on August 13, 2019. Section 405.1370. D. lists two alternatives to the language the amount and location of non-residential land uses in a mixed-use PUD, per the Board’s previous discussion on this topic, and therefore should the Board decide to approve the ordinance, one of the alternatives will have to be selected (as written or as modified by the Board). Gary Carter, Economic Developer, addressed the Board providing examples of developments and mixed-use percentages and to answer questions.

Alderman Berkowitz seconded. City Attorney Karr reads Bill No. 6734.2, second reading, an Ordinance Amending Title IV “Land Use”, Chapter 405 (Zoning Regulations) of the Municipal Code of the City of Clayton, Missouri, Article X “Planned Unit Development District” and Other Actions Related Thereto by title only. The motion passed on a roll call vote: Alderman Winings – Aye; Alderman Berkowitz – Aye; Alderman McAndrew – Aye; Alderman Buse – Aye; and Mayor Harris – Aye. The bill, having received majority approval was adopted and became Ordinance No. 6611 of the City of Clayton. AN ORDINANCE TO CONSIDER APPROVING A PURCHASE AND SALE AGREEMENT FOR 8049 FORSYTH BOULEVARD

Interim City Manager Watson reported that this item was originally on July 23, 2019 agenda, and it was tabled to a different date. Staff is now re-presenting it. On April 24, 2015, staff issued a request for proposals related to the development of City-owned property located at 8049 Forsyth Boulevard, currently a surface parking lot. Staff received four responses by the August 3, 2015, deadline. On December 20, 2017, the City entered into a purchase and development agreement with Flaherty & Collins. Flaherty & Collins proposed building a 22-story, 457,575 square foot mixed-use building containing 7,852 square feet of first floor retail, 228 rental residential units and 324 structured parking

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spaces. The purchase price was $1,100,000. The purchase and development agreement with Flaherty & Collins have expired and is no longer in effect. Staff has since negotiated with another one of the original RFP respondents, 8027 Forsyth Acquisitions, LLC which is a related entity to US Capital, formerly known as Koman Development.

8027 Forsyth Acquisitions, LLC proposes to build a multi-story Class “A” office building that will have approximately 166,000 square feet of office space, have self-contained parking, and have ground floor retail space of approximately 13,000 square feet, which retail space shall include an arts and entertainment venue. The proposed purchase price is $2,625,000. The proposed Purchase and Sale Agreement now presented to the Board for consideration does not circumvent any required rezoning and architectural review of the project. 8027 Forsyth Acquisitions, LLC will make an application for a Planned Unit Development district designation and will follow the normal site plan and architectural review process including any new requirements currently being discussed within the Plan Commission and Board of Aldermen. Staff has negotiated the agreement and supports it approval. Andrew Galakatos, 8025 Maryland Avenue, addressed the Board with concerns that there was no appraisal done and providing a “safety net” or “buy back” proposed in the agreement. He recommends that the Board vote no on the issue or table it until there is a full board to act on it. Alderman Berkowitz agreed with Mr. Galakatos.