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Boonville council approves appropriation ordinance and backs 48-unit affordable housing resolution
Summary
The council passed an ordinance appropriating funds for city salaries and accounts and unanimously approved Resolution R2024-10 supporting Tierra West Development Corp.'s proposed Village at Kemper Greens, a project of up to 48 affordable family housing units; staff also discussed depository bank bids and scheduled a bank ordinance for Aug. 19.
At its Aug. 5 meeting the Boonville City Council passed an ordinance appropriating funds for city salaries and accounts and unanimously approved Resolution R2024-10 supporting Tierra West Development Corp.'s application to the Missouri Housing Development Commission for tax credits and financing for the Village at Kemper Greens, a proposed family affordable-housing community of up to 48 units.
The appropriation ordinance (as read to council) listed a total amount transcribed in the packet as $668,082.14 with line-item allocations to several funds (general fund, sanitation, water works, capital projects, wastewater, parks). Council conducted a roll-call vote and the ordinance passed.
The council then considered Resolution R2024-10, which the clerk read as a statement of support for Tierra West Development Corp.'s Missouri Housing Development Commission application. A council member moved to approve, another seconded, and a roll-call vote recorded unanimous approval.
Council also reviewed depository-bank bids submitted to the city. Staff (Teresa) said the city received four bids — BTC Bank, Central Bank, First State Community Bank and Southern Bank — and recommended eliminating Central Bank because it proposed fees for services the others did not. Staff noted different bid-rate structures (T-bill–based offerings vs. percentages of the federal funds target rate) and said the city will return with an ordinance for first reading on Aug. 19 after further evaluation.
No citizen-level challenges to either the appropriation or the resolution were recorded in the meeting. The clerk was instructed to forward the housing resolution to the Missouri Housing Development Commission and to Tierra West Development Corp. as the resolution directs.
