St. Louis Front Page presents St. Louis CitySide, an overview of the City Government of Saint Louis. From time to time, we will take an indepth look at many of the projects in which the city is involved and how these projects will affect residents and visitors.
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Workers replaced tiles on St. Louis City Hall roof (May 22, 2013), one of many capital improvements included in the proposed $150 - $200 million bond issue which would be repaid through a citywide increase in property taxes.
ST. LOUIS, MO (SLFP.com), April 13, 2014 - The President of the Board of Aldermen Lewis Reed will host three town hall discussions regarding a proposed $150 - $200 million general obligation bond issuance for city-wide capital improvement projects.
The bond proposal, if passed by voters, would allow the city to cover a portion of its estimated $325 million in current and near term capital improvement needs. In 1999 voters gave approval to a similar bond issuance. Both are repaid through a citywide increase in property taxes.
Projects would include street and bridge repairs, demolition of condemned properties, the replacement of obsolete government technology, defunct equipment and broken down vehicles, as well as addressing deferred maintenance across city-owned buildings - firehouses, police stations and City Hall.
City residents will have an opportunity to have a say in how these dollars would be prioritized and can inspire spending on non-traditional projects and programs to bring tangible benefits to residents, stabilize neighborhoods and spur economic development city-wide.
- Tuesday, April 15th - 6:30-8p, Missouri History Museum (5700 Lindell Blvd)
- Thursday, April 17th - 6:30-8pm, O'Fallon Park Rec Plex (4343 W. Florissant Ave)
- Saturday, April 19th - 12:30 - 2p, Carondelet Rec Plex (930 Holly Hills Ave)
President Reed said that he understands the backlog of improvement needs "isn't going away." Reed said last Thursday that he also wants to insure that any tax increase comes with real, tangible improvements to quality of life in neighborhoods.
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Of the total estimated investment needed, $155 million was marked "critical to ensure the continued operations of a department, the integrity of City buildings, facilities or infrastructure or to eliminate a serious risk to pubic safety."
In a release, Reed said, "I think at the end of the day taxpayers are looking for better service delivery, safer neighborhoods and a modernization of City Hall."
Reed plans to establish a citizen-led Bond Oversight Committee as part of the legislation. "But before this goes through the legislative process and long before it reaches the ballot, we want to start engaging and educating resident. We want residents to be a part of the process from beginning to end," stated Reed.
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