[{"_1":2,"_87":-5,"_88":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6092230,"mediaKeyId","2856077-d71da2648fd814e01db4a912510b44de","parentId",2856077,"title","Olivette monthly financial report: December revenue below expectations but fund balance remains within policy","audioSeconds",249,"startMs",806000,"endMs",1055000,"viewUrl","/Search/View?dp=1&key=2856077-d71da2648fd814e01db4a912510b44de&start=806&end=1055","thumbnailUrl","https://assets.pipeline.soar.com/2856077-d71da2648fd814e01db4a912510b44de/thumbnail_806000.jpg","articleUrl","/articles/6092230/Olivette-City/St-Louis-County/Missouri/Olivette-monthly-financial-report-December-revenue-below-expectations-but-fund-balance-remains-within-policy","mediaUrl","https://secure.pipeline.soar.com/6092230-76e5395ab549df1b2e08b9fc32ada77e/orig.mp4?Expires=1770437038&Signature=jYXENlrHmma~dDj2bVAiJzItnCiiBy-ugmH75pNbM~qqwttS~26I683bazefCijULGv3d6rdxbi4GwuIoDYSuhAfqAUi2OHGREe4upIVZg24MgMQvbL5nOVr5NNrj64PjsTMrMYPOe~PibjJVpqxna9DOBpd6qbvOmSw4Z5ItrLz~5F~WwQl4fILsNc3rGk-jT3OpxJlB4WHn25Z54VWV8UXK3DYrBaPcSzNKku4KfygNCa8k02HNtXkrj8SPIuKeIcU4KZ7A7wp0V49LnNAI5YHVo6ycDCuckR-tm9u6TThpinZiQTmYpiZ9AFsr3k~8cZOOVBtcPmhQi~7P9FUEg__&Key-Pair-Id=KUT5TJCACFTXG","author","City Council of Olivette, MO","date","2025-01-28T00:00:00Z","article","Olivette finance staff on Jan. 20 presented the city’s six-month fiscal review through December 2024, reporting overall revenue about $300,000 below expectations and expenditures roughly $75,000 below projections. Staff emphasized that the city’s audited fund balance now appears in reports and remains within the city’s reserve policy at about $2.8 million.

During the presentation, staff noted the sales-tax category had \"stabilized\" after earlier declines, and that transient timing differences from the county affected property-tax receipts (some collections are posted later by county processes). The pension fund transfer of about $325,000 to the pension trust fund for the year was reported as expected. The planning for an initial TIF PILOT collection was noted but staff said they had not yet received any payments.

In the quarterly investment report for 2024 Q4, staff described the city’s cash-position and ladders of short- and longer-term investments. Officials said short-term ladders are yielding tied to the federal funds rate and that the yield curve is currently flat out to five years; staff mentioned the city is considering a modest extension in maturities (e.g., up to two years or slightly beyond) while avoiding tying up too much cash.

Council members asked clarifying questions about timing and classifications; staff responded that many line-item variances are timing issues and that the city is currently monitoring trends as budget season approaches. No formal action was required; the reports were informational.

","mediaType","Video","parentTitle","Olivette January 28, 2025 Council Meeting","oneSentenceSummary","City staff told the council Dec. 2024 revenue was about $300,000 below expectations but expenditures were also lower; audited fund balance stands near $2.8 million, and staff said sales tax appears stabilized. The council received the December monthly financial report and the Q4 2024 investment report; no action was required.","taxTitle","Olivette City, St. Louis County, Missouri","taxId",72613,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6092235,"Olivette City Council updates liquor rules, OKs ALDI license, authorizes North Price Road grant application and declares police car surplus",554,2110000,2664000,"/Search/View?dp=1&key=2856077-d71da2648fd814e01db4a912510b44de&start=2110&end=2664","https://assets.pipeline.soar.com/2856077-d71da2648fd814e01db4a912510b44de/thumbnail_2110000.jpg","/articles/6092235/Olivette-City/St-Louis-County/Missouri/Olivette-City-Council-updates-liquor-rules-OKs-ALDI-license-authorizes-North-Price-Road-grant-application-and-declares-police-car-surplus","https://secure.pipeline.soar.com/6092235-6f5509f2c90cc4fa5a6c8088d9848ed0/orig.mp4?Expires=1770437038&Signature=X0YBYUWW81xnociGhoivAvu6JHL3ZA1nRudEKpelOz4mgF1B8oCKl5WuuztNwhEeZjpaMXdFEWMgXX8njHDLnVeyeYgxE-V-pU4QIzWrXA0lIkme-Ij7KyQ5NHOFDkf8a6F4hT0d2SWwIPUwRrVbwQl6BbzDSM3lValORHhd4amLfNfPEtvCXCdFD53JJcWj9a14QXuzWnDfc137rL-7c2WAtZLV6n6DSJWPIapNxjTlabozh7WFPitEuMFuCTstm5drgAbC9c9hdzVtLIKxviZbWs5MIphjX29z33XbmlHDn~TqRVZWlC5dvOfljAkmcZdlQ1QEtxJFEY6lia2q~Q__&Key-Pair-Id=KUT5TJCACFTXG","Olivette City Council on Jan. 20 adopted an ordinance changing local liquor-sale rules to match state law, authorized a liquor license for ALDI’s new store at 9175 Olive Crossing and approved submission of a state STPS grant application for North Price Road Phase 1 (with an application fee not to exceed $15,000). The council also declared one decommissioned police vehicle surplus and authorized it for auction.

The council approved Bill 30-39 on second reading; Planning Director Carlos Trejo told the council the change \"puts us in line with the changes that the state approved in 2021.\" The ordinance, as adopted, amends Chapter 600 (Title 6) of the Olivette Municipal Code regarding hours for sale of intoxicating liquor on Sundays and the sale of retail packaged alcoholic beverages; the clerk recorded the ordinance as No. 2809.

At the same meeting the city clerk presented an application for a 2025 liquor license from Aldi Incorporated for the new Olive Crossing store. Harry Kindig, identified in the public record as ALDI’s district manager for Olivette, told the council the store’s planned hours are \"9AM to 8PM every day, Monday through Sunday.\" The council voted to authorize the clerk to issue the license for the 2025 calendar year.

The council also voted to authorize the city manager to submit a North Price Road Phase 1 STPS application to East-West Gateway and to pay the application fee up to $15,000. The motion authorizes the application; the packet and staff presentation described an estimated project cost of about $2.0–$2.5 million and said the city will seek roughly 80% of the project cost from the state program. Staff noted the application is due Feb. 7 and that the $15,000 application fee is refundable if the grant is not awarded.

Finally, staff asked the council to declare city asset 09/24 (a retired Dodge Charger) surplus, to be sold at auction. The council approved that surplus declaration.

Votes at a glance
- Bill 30-39 (ordinance amending Chapter 600 — liquor hours/package sales): motion carried; recorded as Ordinance 2809. Recorded votes: Councilmember Clark — Yes; Councilmember Weil — Yes; Chairman Pro Tem Knox — Yes; Mayor Waldman — Yes. Outcome: approved.
- ALDI Incorporated liquor license (9175 Olive Crossing): council authorized the city clerk to issue the 2025 liquor license. Recorded votes: Clark — Yes; Weil — Yes; Knox — Yes; Mayor Waldman — Yes. Outcome: approved. Store hours stated by ALDI: \"9AM to 8PM every day, Monday through Sunday.\" (Harry Kindig, ALDI district manager)
- North Price Road Phase 1 STPS application: council authorized submission and payment of application fee up to $15,000 to East-West Gateway. Recorded votes: Clark — Yes; Weil — Yes; Knox — Yes; Mayor Waldman — Yes. Outcome: authorized (application to be submitted by the city manager).
- Surplus vehicle (asset 09/24): council declared vehicle surplus for auction. Recorded votes: Clark — Yes; Weil — Yes; Knox — Yes; Mayor Waldman — Yes. Outcome: approved.

The meeting included no public objection during the Modot Boulevard cost-share public hearing earlier in the agenda; staff said right-of-way negotiations are underway with affected property owners and that staff continues to coordinate with MoDOT and property owners.

The council’s actions were procedural and unanimous on recorded votes; staff will proceed with licensing, grant application, right-of-way negotiations and disposal of the surplus vehicle as directed.

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Olivette monthly financial report: December revenue below expectations but fund balance remains within policy

Olivette City Council updates liquor rules, OKs ALDI license, authorizes North Price Road grant application and declares police car surplus