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Ferguson council directs $1.17 million from economic development fund for downtown repairs, grants and demo backlog
Summary
The Ferguson City Council voted unanimously June 3 to appropriate $1.17 million from the Economic Development Sales Tax fund for downtown renovations, demolition, grant matches and small-business recovery assistance.
The Ferguson City Council voted unanimously June 3 to appropriate money from the city’s Economic Development Sales Tax (EDST) fund for a package of downtown and neighborhood projects.
The council’s action sets aside $220,000 for renovation of the Whistle Stop and caboose properties, $500,000 for demolition of blighted houses near 501 Plaza, $500,000 to cover the city’s matching share on Surface Transportation Program (STP) grants, $50,000 for a stockpile of Victorian-style light standards, $100,000 for a disaster-recovery loan/grant program for damaged sales-tax-generating businesses, and $300,000 for the Ferguson Neighborhood Improvement Program (FNIP). The funds will be drawn from EDST balances the presenters described as approximately $6 million.
Those allocations come from a set of six recommendations delivered to the council by Steve Weigert, an advisory-group presenter, and were moved into a single ordinance-style appropriations motion on the council floor. Councilman Kazoff moved the package; Lamica Covington seconded.…
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