The Chesterfield Valley Transportation Development District [TDD] has approved a resolution establishing an agreement with the Chesterfield Hockey Association [CHA] to finance certain improvements at CHA’s proposed ice hockey and sports complex in the Valley.
Approval came on a 4-0 vote at the TDD’s Oct. 16 Board of Directors meeting at the Chesterfield City Hall.
The agreement includes terms and conditions for the TDD to provide financing for up to $7 million in transportation-related projects associated with the CHA development. Included are road improvements, utilities and parking facilities for the $22.65 million facility, known as the Chesterfield Sportscomplex.
Implementation of the agreement depends on passage of a proposal that would authorize the TDD to issue bonds to pay for the improvements and to extend a 3/8-cent sales tax to retire those bonds.
Ballots and information on the proposed sales tax extension recently were mailed to those qualified to vote on the issue. Completed ballots must be returned by Nov. 7.
A simple majority vote by residential property owners in nearby subdivisions and in the district is needed to extend the existing tax, originally approved by voters in a 2005 election. Shoppers making purchases from businesses in the valley’s levee-protected area pay the levy as part of the overall sales tax assessed on what they buy.
Projects called for in that vote have largely been completed
The St. Louis County Election Board will be in charge of tallying the votes.
Approval of the TDD-CHA agreement and the current election on extending the sales tax are two of the many steps on the road to making the proposed facility a reality. Rezoning for the operation earlier received the Chesterfield Planning Commission’s recommendation and then was approved by the City Council.
Still to come – assuming the election results are favorable – is the site planning process, which also includes a number of approval steps.
Although the city of Chesterfield has no ownership stake in the facility and will have no hand in operating it, the city’s approval of the site plans is needed, as was the final rezoning approval.
The TDD is a separate entity from the city and is empowered to sell bonds only to finance infrastructure improvements specified in proposals that eligible voters have approved. Serving on the TDD’s board are Chesterfield Mayor Bob Nation, City Administrator Mike Geisel, St. Louis County Executive Steve Stenger and Stephanie Leon Streeter, St. Louis County’s deputy director of transportation and public works.