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Committee directs $660,000 developer payment toward Hermann Park renovations; Spencer adds $200,000
Summary
The committee approved an ordinance to require any voluntary payment-in-lieu from the Heirloom development to be deposited for Hermann Park renovations; council and staff clarified timing (payment due at certificate of occupancy) and that council must authorize future spending from the fund.
The Municipal Service and Properties Committee on Nov. 10 approved Ordinance 13-10-2025, which requires the director of community development or the director of finance to deposit any voluntary payment-in-lieu (PIL) from the Heirloom company into a fund designated for Hermann Park renovations and site improvements.
Director DeRosa summarized the measure as a vehicle to ensure that funds received through the citys tax-abatement process are directed toward the parks future improvements. "They'll be paying $660,000 in a voluntary payment in lieu…
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