HUDZ Hearing on BB 131 and BB 153

The committee will discuss and take public comment on the following: 

Board Bill Number 131

Introduced by Alderwoman Pamela Boyd, Tom Oldenburg, Cara Spencer, Laura Keys

This Board Bill is recommended by the Board of Estimate and Apportionment appropriating a portion of funds received under the settlement agreement reached with the National Football League and the Los Angeles Rams. It authorizes certain expenditures of such funds, to the extent received, to support reinvestment in downtown and disinvested neighborhoods, including North and Southeast St. Louis, meeting certain thresholds under the Economic Justice Index; directs the investment of funds while agencies program and plan for necessary expenditures consistent with the Board Bill; provides that the City shall seek a return on any funds used for real estate rehabilitation projects in disinvested areas; and authorizes contracts and other documents to expend the funds, to the extent received. It contains a severability clause and contains an emergency clause.

Board Bill Number 153

Introduced by Alderwoman Alisha Sonnier, President Megan Green

An Ordinance recommended by the Board of Estimate and Apportionment, and establishing the TRANSFORM STL Act, authorizing and directing an appropriation in the total amount of Two Hundred Seventy-Seven Million Two Hundred Forty Thousand Sixty-One and 56/100ths ($277,240,061.56) Dollars of Rams Settlement Funds for deposit into various new special funds to support Citywide infrastructure, affordable child care and postsecondary educational and training opportunities, City and community workforce, and development efforts, with amounts as described herein; and containing a severability clause and an emergency clause.