At the Richmond Heights City Council meeting planned for Monday, a Red Robin restaurant is seeking a permit for 8115 Dale Avenue, according to the council agenda. The address is on the northeast corner of Dale Avenue and Hanley Road — the location for The Crossing at Richmond Heights; now under construction. The completed development is to include a five-story hotel, restaurants and retail shops. The Red Robin is the first business named. Richmond Heights officials are also scheduled to vote (second reading) on the East Central Fire Command, combining the command structure for the fire departments of Richmond Heights, Rock Hill, Brentwood, Maplewood and Clayton.
The City of Richmond Heights reported on Tuesday it has received the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association for the 27th consecutive year. The recognition was for the city’s report for the financial year ended June 30, 2016. The certificate of achievement is the highest form of recognition in the area of governmental accounting and financial reporting, the city says. The city’s Comprehensive Annual Financial Report (CAFR) met high standards, including a “spirit of full disclosure” to clearly communicate its financial story and motivate people to read the CAFR, according to the association. The City of Richmond Heights Finance Department is led by Director Sara J. Fox.
Richmond Heights officials on Monday approved blighting, and a plan for tax relief for the developer for Boland Place, a multi-use building on the corner of Dale and Boland — making way for demolition to continue for the project. The bill passed the council 6-2. Council members Ed Notter and Joan Provaznik cast the no votes. Telling the council why he needed the tax plan, developer Joseph Cyr said the gap between what he had valued the property at and the county’s assessment was $2.5 million, affecting the value of the property, what a bank will loan, and the rent he would need to charge; and ultimately the project’s success. He said he is committed to paying his fair share of taxes.
In a hearing at the Richmond Heights City Council meeting on Monday, the council heard details of a proposed tax relief plan for the developer of Boland Place, a mixed-use development at Dale Avenue and Boland Place. Richmond Heights City Manager and the developer, Joseph Cyr, called the tax relief a PILOT (payment in lieu of taxes). Under the proposed plan, which the city council has yet to vote on, the annual property taxes on the completed project would be capped at $297,000 for ten years. It’s estimated that the plan would save Cyr $100,000 over the 10 years, paying about 72 percent of what the tax would be otherwise. If, in an an assessment, the taxes go under the $279,000 cap, the lower tax would be owed.
Richmond Heights officials Monday night approved Pace Construction Company to resurface seven city streets this summer. More streets will be sealed, to extend their life. Bellevue, Ethel, Hoover, Mabel, Dale and El Moro avenues, and Commodore Drive will all be resurfaced this spring, according to the city on Twitter. In addition to resurfacing those streets, Pace will also apply an thin sealant to the asphalt on other streets that are in good condition, which a Pace representative at the meeting said would extend their life for an additional four to seven years. After the sealant is applied a substance he described as “kitty litter” will be applied for about a day, then swept off.
The agenda for the April 3 Richmond Heights City Council meeting was released on Thursday. No new business is on the agenda; the only old business is the second vote on a bill to enable city to join Missouri Clean Energy District and Show Me PACE. City Manager Amy Hamilton’s report is on the agenda, like usual. At the March 6 meeting the officials gave the OK for city staff to take steps to analyze if the city will consider proceeding with tax abatement for Boland Place apartments, at Dale Avenue and Boland Place. In the mean time, demolition of the church on the site is almost complete.
All that remains undemolished of the church, where an apartment complex has been proposed at Boland Place and Dale Avenue, is the steeple and the metal front doors. A contractor there said he didn’t know if the steeple would be saved. At the Richmond Heights City Council meeting on March 6, the council approved steps to analyze if the city will consider proceeding with tax abatement for Boland Place apartments. The former AB Green School is undergoing asbestos remediation in preparation for its demolition.
Richmond Heights officials Monday night approved steps to analyze if the city will consider proceeding with tax abatement for Boland Place apartments, at Dale Avenue and Boland Place. About 10 were in the audience, including members of the Mid-County Chamber of Commerce, the Maplewood Richmond Heights School Board and city staff. None spoke in the meeting. At the last meeting, the developer, Joseph Cyr, asked the city (in a closed session) to consider a payment in lieu of taxes, City Manager Amy Hamilton said in her report in the meeting. To analyze the request — for the city council to determine what action is appropriate — the city must hire consultants to do due diligence.
It appears, from the agenda for the upcoming council meeting, that Richmond Heights city officials may be willing to work with developer Joseph Cyr who has asked for tax abatement for his planned apartment complex at Dale Avenue and Boland Place. At the February 22 Richmond Heights council meeting, city officials gave Cyr a six-month extension to break ground on his planned apartment complex. Later in the meeting, in closed session, Cyr told the council he needed tax abatement to make it possible. One of the items in the city manager’s report for the March 6 meeting is: “Preliminary Funding Agreement – between P & M Holdings, LLC – for Residences at Boland Place.” See the full 3-6-17 council agenda.
Joseph Cyr, the developer wanting to build The Boland Place apartment project, at Dale and Boland in Richmond Heights, told the city council in a closed session last week that he needs tax abatement to make it possible. A source shared a document with 40 South — RequestTaxAbatement28022017 — in which Cyr makes his request to the Richmond Heights City Council. Cyr says the project equity is in place, and he’s in the process of scoring a loan. The lender estimated the real estate taxes 60 percent higher than Cyr planned for. He says the lender has taken the most conservative approach and set tax projections at a very high level.