City of Rolla of Choice.pdf · [email protected] 426-6948. Title: City of Rolla Author: Scott...
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State of the City August, 2019 Mayor - Louis J Magdits, IV
Transcript of City of Rolla of Choice.pdf · [email protected] 426-6948. Title: City of Rolla Author: Scott...
State of the City
August, 2019
Mayor - Louis J Magdits, IV
Public Investment
Long-term Investment inQuality of Life Factors!
Building in the City
$-
$10
$20
$30
$40
$50
$60
$70
Mill
ions
Tax Revenue
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
$4.0
$4.5
Mill
ions
Public Works 2019Streets• 9 miles surface treatments
(overlay, micro-surfacing and seal coats)
• Reconstruction of 6th St.
• Asphalt overlay – 10th St. East and Old St. James Rd
• 100% complete on LED street light conversion
Proposed Animal Control Facility• Current facility built in the 1970’s - very poor condition• Feasibility Study proposed a new 5,600 sf facility• Estimated project cost of $1.2 – 1.5 M• Grassroots funding via charitable contributions
Public Safety Strong!
36 Certified Police OfficersVIPS programCounty wide 911 DispatchSpecial Task Forces
32 Certified Firefighters5 Major Pieces of Equipment
Haz-Mat & First Responder
Westside MarketPlace TIF• Construction under budget – reduced
TIF funds from $16.4M to $15.5M
• All results from Retailers either meet or exceed expectations
• Sales tax revenues are out-performing intial TIF projections resulting in a potential early bond repayment
Highway 72 Extension
MoveRolla Transportation Plan
• TDD Bonds issued April 2017 ($32.2 M)• Hwy 72 Extension complete ($1 M under budget)• Westside MarketPlace Access Roads completed
($4.5 M)• Hwy E Pedestrian Bridge under design ($2.5 M)• Planning and Scoping on other phases
(Kingshighway, Bishop Ave, University Extension, 10th St.)
• Next Public Forum - Wednesday, August 28th
Kingshighway Project Scoping
Hwy E Pedestrian Bridge
Private Investment
The real catalyst for communityand economic growth!
Hartmann USHartmann US
• 50 jobs growing to 117• $50 – 60 million
equipment• Fiber-molded company
from Denmark• First US manufacturing
facility for the egg industry
• Ch. 100 bonds• Currently adding a
second line – will add 40 employees!
New FedEx Facility-Hy Point West
North Bishop Ave additions
Kingshighway Additions
Future “Super Sonic”
New Fairfield Inn by Marriott
Future Sakelaris Ford
“Salt Water” & Hopper’sDowntown Pine St.
South 63 Additions
Housing Projects
Local Use Tax Initiative
Facts . . .
• A Use Tax is a sales tax on goods purchased from out-of-state businesses shipped to MO (Rolla)
• A Use Tax does not apply if the purchase is from a MO (Rolla) business that is already subject to sales tax
• A Local Use (equity) tax is a way of compensating cities and counties for sales tax lost when purchases are made across state lines and brought back to MO for use. The State of MO already has a Use Tax on such purchases (4.225%)
• An estimated $400,000 – 600,000 would be generated annually and used to support public safety and capital improvements in Rolla
• Rolla’s Use Tax rate would be the exact same as Rolla’s Sales Tax Rate – currently 2.25%• If you pay a local sales tax you won’t pay a use tax. You pay one or the other but NEVER
both.• The current Rolla sales tax rate does not change• Passage would require businesses to pay the same tax as everyone else when making
purchases out-of-state.• A Use Tax levels the playing field on local taxes between local retailers and out-of-state
vendors
Questions & Additional Information
Louis J. Magdits IV, [email protected]
John Butz, City [email protected]
426-6948
