09-12-2023 BOA Minutes September 12, 2023 Page 4 of 9

A PUBLIC HEARING AND AN ORDINANCE SETTING THE TAX YEAR 2023 PROPERTY TAX LEVIES FOR FISCAL YEAR 2024 BUDGET - 1ST READING

Mayor Harris opens the public hearing and requests proof of publication. City Manager Gipson reported that each year the City must approve property tax levies which are then submitted to St. Louis County for billing. Calendar year 2023 is a reassessment year and there were significant changes in residential and commercial assessed values. The City experienced significant new construction growth, increasing residential assessed values by over $1.7 million and commercial assessed values by over $33 million. Subject to the maximum voter-approved rate of tax levy, the City is allowed to receive additional revenue up to the lower of 5% or the Consumer Price Index (CPI) which was 6.5% for this year, and for the value of the new construction. Per the Fiscal Year 2024 proposed budget plan, we are submitting the maximum allowable rates for your review. As part of the property tax levy process, the Board will hold a public hearing to seek public input on the proposed tax rates on September 12, 2023. The proposed calendar year 2023 property tax levy recommendations for Budget Year 2024 are provided in the Board packet materials. Mayor Harris closed the public hearing. Alderman Berkowitz introduced Bill No. 6989, to approve the proposed Property Tax Levies for Tax Year 2023 (FY2024) to be read for the first time by title only. Alderman McAndrew seconded.

Alderman Berkowitz introduced Bill No. 6989, to approve the proposed Property Tax Levies for Tax Year 2023 (FY2024) to be read for the first time by title only. Alderman McAndrew seconded. City Attorney O’Keefe reads Bill No. 6989, first reading, an Ordinance Levying and Establishing the Rate of Annual Taxes for General Municipal Purposes; Police Building Debt Service; General Obligation Debt Service; and Special Business District Purposes to be Collected by the City of Clayton, Missouri, for the Year 2023 by title only. The motion passed unanimously on a voice vote. A PUBLIC HEARING AND AN ORDINANCE - FISCAL YEAR 2024 OPERATING AND CAPITAL IMPROVEMENTS BUDGET—1ST READING

Mayor Harris opens the public hearing. City Manager Gipson reported that on August 18, 2023, the Board of Aldermen received the City Manager’s proposed Fiscal Year 2024 Operating and Capital Improvements Budgets. As part of the budget process, the Board is required to hold a public hearing to seek public input prior to formal budget adoption. Mayor Harris closes the public hearing. Alderman Berkowitz introduced Bill No. 6990, to approve the proposed FY2024 to be read for the first time by title only. Alderman McAndrew seconded. City Attorney O’Keefe reads Bill No. 6990, first reading, an Ordinance Adopting an Annual Budget for Fiscal year 2024 Commencing on October 1, 2023 and Appropriating Funds Pursuant Thereto by title only.

The motion passed unanimously on a voice vote. Alderman McAndrew introduced Bill No. 6991, to approve a rezoning from R-5 District to C-1 District for 500 S. Brentwood Boulevard to be read for the second time by title only. Alderman Buse seconded. City Attorney O’Keefe reads Bill No. 6991, second reading, an Ordinance Providing for the Rezoning of Certain Property Located at 500 South Brentwood Boulevard from the R- 5 District to the C-1 District and Other Actions Related Thereto by title only. The motion passed on a roll call vote: Alderman McAndrew – Aye; Alderman Buse – Aye; Alderman Patel – Aye; Alderman Feder – Aye; Alderman Hummell – Aye; and Mayor Harris – Aye. The bill, having received majority approval, was adopted, and became Ordinance No. 6849 of the City of Clayton. ORDINANCES TO CONSIDER A REZONING, A PLANNED UNIT DEVELOPMENT, AND A MAJOR SUBDIVISION PLAT FOR 7814 FORSYTH BOULEVARD AND 2, 10, 14 & 18 SOUTH CENTRAL AVENUE

09-12-2023 BOA Minutes September 12, 2023 Page 6 of 9

Mayor Harris opens the public hearings and requests proof of publication. City Manager Gipson reported that this is a Public Hearing for review and consideration of the rezoning and related Planned Unit Development for a proposed mixed-use development. The rezoning, Planned Unit Development, and Subdivision Plat are being addressed together in this report, though the plat and the land use elements entail separate ordinances on the Board’s agenda. The project received Architectural Review Board approval and the Plan Commission recommended approval of the Site Plan, Lot Consolidation, Rezoning and Development Plan on August 21, 2023. Anna Krane, Director of Planning was present to answer questions. Steve Methard, VP of Development for Midas Capital, LLC, addressed the Board to answer questions. Mayor Harris closed the public hearing. Motion made by Alderman McAndrew to amend Bill No. 6992, Exhibit C, Section 3D, (page 8) to read “…shall be open for business within twelve (12) months after issuance of a certificate of occupancy for the hotel on the subject property and shall be maintained for an entertainment use or live performance venue for the life of the development.” Alderman Buse seconded. The motion passed unanimously on a voice vote. Alderman McAndrew introduced Bill No. 6992, as amended, to approve a rezoning and a Planned Unit Development for 7814 Forsyth Boulevard & 2, 10, 14, 18 S Central Avenue to be read for the first time by title only. Alderman Buse seconded.