HomeMy WebLinkAbout2015-08-06 IDA PacketMINUTES
REGULAR MEETING
THE INDUSTRIAL DEVELOPMENT AUTHORITY
OF THE CITY OF RIVERSIDE, MISSOURI
Monday, May 11, 2015
6:00 p.m.
The Industrial Development Authority of the City of Riverside, Missouri, met in regular session at City Hall,
2950 NW Vivion Road, Riverside, Missouri.
President Leland Finley called the meeting to order at 6:04 p.m. Answering roll call were Leland Finley, Harold
Snoderley, Jason Rule, and Pam Darata. Also present: Sarah Wagner Community Development.
Approval of Minutes from Harold Snoderley moved to approve the minutes from March 30, 2015.
November 19, 2014
Resolution 2015-002: Spec V
Jason Rule seconded and the motion passed 4-0.
Pam Darata moved to approve Resolution 2015-00 authorizing the sale
and transfer of certain property to the City of Riverside, Missouri;
Directing UMB Bank N.A. to release such property from the Deed of
Trust and Security Agreement upon certain conditions, and authorizing
other actions in connection therewith, seconded by Harold Snoderley.
Motion passed 4-0.
Adjournment Harold Snoderley moved to adjourn the meeting at 6:13p.m., seconded by
Jason Rule. Motion passed 4-0.
BEFORE THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE, MISSOURI
IN THE MATTER OF:
RIVERSIDE HORIZONS COMMUNITY
IMPROVEMENT DISTRICT
PETITION TO ESTABLISH THE
RIVERSIDE HORIZONS COMMUNITY IMPROVEMENT DISTRICT
TO: MS. ROBIN LITTRELL
CLERK OF THE CITY OF RIVERSIDE, MISSOURI
The undersigned property owners (the "Owners"), being the owners of record of:
A. More than fifty percent (50%) by assessed value of the real property within the
boundaries of the proposed Riverside Horizons Community Improvement District
(the "District"), and
B. Who constitute more than fifty percent (50%) per capita of all owners of real
property within the boundaries of the District,
do hereby petition and request that the City create and establish a community improvement
district as described herein to fund all or part of the cost of services and improvements to be
provided and to be made within the District under the authority of Sections 67.1401 to 67.1571,
RSMo. (the "Community Improvement District Act" or "Act"). In support of this Petition and
request, the Owners state as follows:
I. Description of the District
A. Name of the District
The name of the District shall be "The Riverside Horizons Community Improvement
District."
B. Legal Description
The Legal Description of all of the real property intended to be included within the
boundaries of the District is attached hereto as Exhibit A, and incorporated herein.
Petition to Establish the Riverside
Horizons Community Improvement
District
WA 6764507.1
C. Boundary Map
A map illustrating the boundaries of the District is attached hereto as Exhibit B, and
incorporated herein.
D. Property Owners and Petitioners
1. Petitioners represent:
a. More than fifty percent (50%) per capita of all owners of real
property within the boundaries of the District; and
b. Property owners collectively owning parcels representing more
than fifty percent (50%) of the total assessed value of real property
within the boundaries of the District,
based on the Platte, County, Missouri tax records of the Platte County Clerk as of
the date of filing this Petition,
2. A list of property owners within the District and the equalized assessed
value of the District property is attached as Exhibit C and incorporated
herein.
II. Five Year Plan.
A five-year plan stating a description of the purposes of the District, the improvements it
will make, and an estimate of costs of these improvements to be incurred is attached
hereto as Exhibit D.
III. Governance of District
A. Type of District
1. The District shall be a separate political subdivision governed by a board
of directors (the "Board of Directors" or "Board") appointed individually
by the Mayor of the City with the consent of a majority of the Board of
Aldermen of the City in accordance with §67.1451.5 of the Act.
2. The District shall have all of the powers granted to and/or exercisable by a
community improvement district pursuant to the Act, except as otherwise
expressly limited by this Petition.
B. Board of Directors
1. Number. The District shall be governed by a Board of Directors consisting
of five (5) directors.
Petition to Establish the Riverside
Horizons Community Improvement
District
2
WA 6764507.1
2. Qualifications. Each Director, during his or her term, shall meet the
following requirements:
a. Be at least 18 years of age; and
b. Either be
i A fee owner of real property within the District or a legally
authorized representative thereof (an "Owner"); or
ii An owner or legally authorized representative of a business
organization or other entity operating within the District (an
"Operator"); or a registered voter residing within the
District (a "Resident") as provided in the Act; and
c. Be a citizen of the State of Missouri for not less than one year prior
to taking office.
3. Board Representation. In order to ensure fair representation of the District,
the Board representation shall meet the following requirements:
a. At least Two (2) Directors shall represent an owner of real
property that is exempt from real property taxes, so long as such
owner(s) exist;
b. At least Two (2) Directors shall own real property within the
District; and
c. At least One (1) Director shall be the owner(s) or legally
authorized representative of a business operating within the
District and must not own real property located within the District.
Each director may represent more than one of these categories. The
failure of the board of directors to meet the representation requirements set
forth in this section shall not affect the board's authority to hold meetings,
exercise any of the District's powers, or take any action otherwise lawful.
4. Terms; Successor Directors. The initial Directors shall serve for staggered
terms as follows: three for two years, two for three years, or until their
successors are appointed in accordance with the Act and this Petition.
Their successors shall be appointed to serve four-year terms. In the event
of a vacancy on the Board of Directors, the Mayor, with the consent of a
majority of the Board of Aldermen of the City, shall appoint an individual
to fill the vacancy for the remainder of the unfinished term or until a new
Director is appointed. All successor Directors and any interim Director
shall meet the qualifications of Section III.B.2 of this Petition and of
§67.1451.2 of the Act.
Petition to Establish the Riverside
Horizons Community Improvement
District
3
WA 6764507.1
IV. Assessed value
The total assessed value of all of the real property within the District is $31,364,647, and
the assessed value of each respective parcel within the District is set forth on the chart
attached hereto as Exhibit C, and incorporated herein.
V. Blight Determination
The Petitioners are not seeking a determination for the District. The property within the
District has been previously included in an area determined to be blighted.
VL Life of District,Termination
A. Life
Unless properly terminated pursuant to the Act and this Petition, the District shall
continue to exist and function for:
1. A period of not less than twenty five (25) years, and not more than forty
(40) years following the effective date of the ordinance establishing the
District, or
2. Until all of the District Obligations, as defined in the Act, have been
repaid, whichever occurs last.
B. Suspension
The majority of the property owners within the District may petition the Mayor
for suspension or the Mayor, on the Mayor's initiative and with the advice and
consent of the Board of Aldermen, may suspend the power and authority of the
Board of Directors of the District to act and may appoint a Receiver to administer
the operations of the District if the Board finds that any one of the following has
occurred:
1. The proposed budget exceeds actual assessment collections by 50% for
any calendar year;
2. The District fails to provide any or all services for six months.
C. Termination
1. Upon receipt by the City Clerk of a proper petition and after notice and a
public hearing, the District may be terminated by ordinance adopted by the
City prior to the expiration of its term if the District has no outstanding
obligations. A copy of such ordinance shall be given to the Community
Development Department.
2. A petition for the termination of a district is proper if:
Petition to Establish the Riverside
Horizons Community Improvement
District
4
WA 6764507.1
a. It names the district;
b. It has been signed by owners of real property collectively owning
more than fifty percent by assessed value of real property within
the boundaries of the district;
c. It has been signed by more than fifty percent per capita of owners
of real property within the boundaries of the district;
d. It contains a plan for dissolution and distribution of the assets of
the district; and
e. The signature block signed by each petitioner is in the form set
forth in subdivision (4) of subsection 2 of Section 67.1421 RSMo.
3. The public hearing required by this section shall be held and notice of
such public hearing shall be given in the manner set forth in Section
67.1431 RSMo. The notice shall contain the following information:
a. The date, time and place of the public hearing;
b. A statement that a petition requesting the termination of the district
has been filed with the municipal clerk;
c. A statement that a copy of the petition is available at the office of
the municipal clerk during regular business hours; and
d. A statement that all interested parties will be given an opportunity
to be heard.
4. Upon expiration or termination of a district, the assets of such district shall
be distributed in accordance with the plan for dissolution as approved by
ordinance. Every effort should be made by the municipality for the assets
of the district to be distributed in such a manner so as to benefit the real
property which was formerly a part of the district.
VII. Maximum Rates of Business License Tax, Real Property Tax, and Sales Tax
A. License and Real Property Tax. The District shall not impose business license
taxes or real property taxes.
B. Sales Taxes. The District shall be authorized to impose a sales or use tax not to
exceed 1% upon approval of the qualified voters of the District.
C. Special Assessments. The District shall have the power to impose special
assessments as provided for in the Act.
Petition to Establish the Riverside
Horizons Community Improvement
District
5
WA 6764507.1
D. Other Tax/Assessment Measures. The District shall have the power and authority
to impose any other tax, license or assessment allowable under the Act.
VIII. Maximum Rates of Special Assessment and the Method of Assessment
The maximum rate of special assessments and the respective methods of assessment that
may be proposed by petition, pursuant to sections 67.1521 of the Act, shall be $0.030 per
square foot of land. The initial special assessment rate may be adjusted as provided by the
CID Act, but such adjustment shall not exceed the maximum amount set forth in this
Petition, nor may such amount be increased by more than five percent (5%) in any given
year. All tracts of land in the District will receive special benefits from the
Improvements.
IX. Prioritization of Disbursements if CID Obligations Exist
If there shall be outstanding CID Obligations, all disbursements from the Fund shall be
made in the following manner and order of preference, all of which will be identified in
subsequent documentation prepared specifically for the CID Obligations:
A. To the payment of arbitrage rebate, if any, owed with respect to the CID
Obligations under Section 148 of the Internal Revenue Code of 1986, as amended,
including any costs of calculating arbitrage rebate;
B. To payment of any District administrative costs and expenses, including, but not
limited to, the payment of any collection fee (if not already deducted prior to
deposit in the Fund) or other administrative costs owed to the County collector or
the City;
C. For payment to the trustee or any paying agent for the CID Obligations, an
amount sufficient for payment of any fees, charges, costs and expenses which are
due and owing to the trustee or any paying agent;
D. To payment of interest becoming due and payable on any CID Obligations;
E. To payment of principal and premium, if any, becoming due and payable on any
CID Obligations;
F. For transfer to the debt service reserve fund created for the CID Obligations, such
amount as may be required to restore any deficiency in said fund as provided in
the indenture authorizing the issuance of the CID Obligations;
G. To the payment of any unpaid verified Improvement Costs; and
H. To the optional redemption of any CID Obligations.
X. Limitations on Borrowing Capacity
The District shall have the authority to incur debt and issue notes, bonds, and other
Petition to Establish the Riverside
Horizons Community Improvement
District
6
WA 6764507.1
financial obligations subject to the provisions of the Act; however, the District may not
issue bonds with a maturity date that exceeds the permitted life of the District as defined
in Section VI.A.
XI. Limitations on Revenue Generation
The District shall have no additional authority to levy taxes except as provided herein, or
as provided by amendment to this Petition.
XII. Limitations of the Powers of the District
The District shall have all of the powers authorized by this Petition and consistent with
the Act.
XIII. Request to Establish District
By execution and submission of this Petition, the Petitioners request that the Board of
Aldermen hold a public hearing in accordance with §67.1421 of the Act and adopt an
ordinance to establish the District as set out in this Petition and in accordance with the
Act and this Petition.
XIV. Notice to Petitioner
The signature of Petitioners signing this Petition may not be withdrawn later than seven
(7) days after this Petition is filed with the Clerk of the City.
XV. Severability; Conflicts
A. If any provision of this Petition shall be held or determined to be invalid,
inoperative or unenforceable as applied in any particular case, or in all cases,
because it conflicts with any other provision or provisions of this Petition or for
any other reason, such circumstances shall not have the effect of rendering the
provision in question inoperative or unenforceable in any other case or
circumstance, or of rendering any other provision contained in this Petition
invalid, inoperative or unenforceable to any extent whatsoever.
B. Except where such provision is expressly required by the Act, if any provision of
this Petition shall be in conflict with any provision of a Development Agreement
executed in regard to any property within the District, the provision of the
Development Agreement shall govern and this Petition shall be deemed amended
accordingly.
Petition to Establish the Riverside
Horizons Community Improvement
District
7
WA 6764507.1
SIGNATURE PAGE FOR PETITION TO ESTABLISH THE
RIVERSIDE HORIZONS COMMUNITY IMPROVEMENT DISTRICT
A. The signature of Petitioners signing this Petition may not be withdrawn later than
seven (7) days after this Petition is filed with the Clerk of the City.
B. The undersigned requests that the Board of Aldermen of Riverside, Missouri
establish the Riverside Horizons Community Improvement District according to
the preceding Petition and authorize the creation of the District.
Name of Owner: The Industrial Development Authority of the City of
Riverside, Missouri
Owner's Telephone Number:
Owner's Mailing Address: 2950 NW Vivion Road
Riverside, Missouri 64105
Name of Signer:
State Basis of Legal Authority to Sign: President
Signer's Telephone Number:
Signer's Mailing Address:
Entity Type: Public Corporation
The map number and assessed value
of the properties owned:
Map Number:
Parcel Number:
Assessed Value:
Petition to Establish the Riverside
Horizons Community Improvement
District
8
WA 6764507.1
By executing this Petition, the undersigned represents and warrants that such person has
received a copy of this Petition and its exhibits, has read this Petition and its exhibits, is
authorized to execute this Petition on behalf of the property owner named immediately
above, and authorizes this signature page to be attached to the original of this Petition to
be filed in the Office of the City Clerk of the City of Riverside, Missouri. The
undersigned also acknowledges that the signature may not be withdrawn later than seven
(7) days after this Petition is filed with the City Clerk.
The Industrial Development Authority of the Date
City of Riverside, Missouri
STATE OF MISSOURI )
COUNTY OF )
ss.
Acknowledgement
1. Before me personally appeared , to me personally known
to be the individual described in and who executed the foregoing Petition.
WITNESS my hand and official seal this day of , 2015.
My Commission Expires:
Petition to Establish the Riverside
Horizons Community Improvement
District
Notary Public
Printed Name:
WA 6764507.1
EXHIBIT A
PETITION TO ESTABLISH THE RIVERSIDE HORIZONS CID
DISTRICT BOUNDARY LEGAL DESCRIPTION
Note: Horizons Business Park CID - Aylett Job No.49542
A tract of land in Sections 5,6,7,and 8, Township 50 North, Range 33 West, in the City of
Riverside, Platte County, Missouri, described as follows: Beginning at the Southeast
corner of Section 6, Township 50 North, Range 33 West; thence North 89 degrees 23
minutes 44 seconds West, along the South line of ARGO INNOVATION PARK, a
subdivision of land in the City of Riverside, Platte County, Missouri, a distance of
1599.32 feet to the recorded plat of RIVERSIDE HORIZONS WEST FIRST PLAT, a
subdivision of land in the City of Riverside, Platte County, Missouri; thence along said
Plat of RIVERSIDE HORIZONS WEST for the next twelve courses; thence South 00
degrees 32 minutes 18 seconds West, a distance of 168.00 feet; thence North 89 degrees
24 minutes 06 seconds West, a distance of 974.04 feet; thence South 00 degrees 20
minutes 28 seconds West, a distance of 181.77 feet; thence North 89 degrees 24 minutes
06 seconds West, a distance of 1438.31 feet; thence North 02 degrees 14 minutes 09
seconds East, a distance of 111.13 feet; thence North 00 degrees 51 minutes 09 seconds
East, a distance of 238.68 feet; thence South 89 degrees 24 minutes 06 seconds East, a
distance of 82.51 feet, to the Southwest corner of the Southeast Quarter of Section 6,
Township 50, Range 33; thence North 00 degrees 09 minutes 55 seconds East, a distance
of 1320.61 feet to the Northwest Corner of the Southeast Quarter of the Southwest
Quarter of Section 6, Township 50, Range 33; thence South 89 degrees 19 minutes 18
seconds East, a distance of 1320.30 feet, to the Northeast Corner of the Southeast Quarter
of the Southwest Quarter of Section 6, Township 50, Range 33; thence North 00 degrees
01 minutes 41 seconds East, a distance of 79.94 feet; thence South 89 degrees 24 minutes
06 seconds East, a distance of 1022.05 feet to the Westerly line of the recorded Plat of
ARGO INNOVATION PARK; thence North 00 degrees 16 minutes 14 seconds East
along said Westerly line of said ARGO INNOVATION PARK, a distance of 1497.73
feet to the Southerly Railroad Right-of-way of the Burlington Northern Santa Fe Railroad
and Chicago Burlington & Quincy Railroad; thence along said Railroad Right-of-way,
South 65 degrees 23 minutes 28 seconds East, a distance of 3239.49 feet to a point of
curvature; also being the outer plat boundary of RIVERSIDE HORIZONS EAST FIRST
PLAT, a subdivision of land in the City of Riverside, Platte County, Missouri; thence
continuing along said Railroad Right-of-way along a curve to the Left being tangent to
the last described course having a radius of 11,509.22 feet, an arc length of 736.54 feet
and a delta angle of 03 degrees 40 minutes 00 seconds; thence continuing along said
Railroad Right-of-way South 69 degrees 03 minutes 28 seconds East, a distance of
2294.59 feet, to the Westerly Right-of-way of Interstate I-635, also being the outer
boundary of said RIVERSIDE HORIZONS EAST FIRST PLAT; thence continuing
Petition to Establish the Riverside
Horizons Community Improvement
District
WA 6764507.1
along said Westerly Interstate Right-of-way line for the next 3 courses; thence North 13
degrees 47 minutes 56 seconds East, a distance of 557.15 feet; thence South 13 degrees
47 minutes 56 West, a distance of 977.72 feet; thence South 14 degrees 30 minutes 48
seconds West, a distance of 147.14 feet; thence South 72 degrees 10 minutes 20 seconds
West, a distance of 1243.68 feet; thence South 73 degrees 15 minutes 42 seconds West, a
distance of 155.88 feet; thence South 00 degrees 10 minutes 32 seconds West, a distance
of 609.40 feet to the Northerly Right-of-way line of Interstate I-635; thence along said
Northerly Right-of-way line for the next three courses; thence South 88 degrees 05
minutes 14 seconds West, a distance of 1324.36 feet; thence North 80 degrees 42 minutes
29 seconds West, a distance of 909.85 feet; thence continuing on the Northerly Right-of-
way of 1-635, South 87 degrees 14 minutes 28 seconds West, a distance of 335.00 feet to
the Westerly Right-of-way of Horizons Parkway; thence continuing along the Westerly
Right-of-way line of Horizons Parkway for the next four courses; thence North 00
degrees 35 minutes 38 seconds East, a distance of 308.66 feet; thence North 18 degrees
27 minutes 30 seconds East, a distance of 520.09 feet; thence North 89 degrees 31
minutes 26 seconds West, a distance of 78.07 feet; thence North 00 degrees 19 minutes
39 seconds East, a distance of 1320.00 feet, to the Point of Beginning. Said Tract of land
contains 20,712,121 square feet or 475.48 Acres, more or less.
Petition to Establish the Riverside
Horizons Community Improvement
District
11
WA 6764507.1
EXHIBIT B
PETITION TO ESTABLISH THE RIVERSIDE HORIZONS CID
BOUNDARY MAP
Riverside Horizons
CID
CID BO unn ryr
Parcels
Petition to Establish the Riverside
Horizons Community Improvement
District
12
WA 6764507.1
EXHIBIT C
PETITION TO ESTABLISH THE RIVERSIDE HORIZONS INDUSTRIAL CID
LIST OF PROPERTY OWNERS AND EQUALIZED ASSESSED VALUATIONS
Map
ID
PARCEL #
Owner Name
CID
Assessed
Sq Ft
Common
Area
Assessment
Code
Assessed
Value
% of Total
Assessed
Value
1
23-3.0-06-000-000-115.000
CITY OF RIVERSIDE
949,608
Industrial
$5,780,160
19.0%
2
23-3.0-06-000-000-117.000
HORIZONS WEST LAND LLC
461,736
Agriculture
$717
0.0%
3
23-3.0-06-000-000-102.000
HORIZONS WEST LAND LLC
313,196
Agriculture
$378
0.0%
4
23-3.0-07-000-000-020.000
HORIZONS WEST LAND LLC
246,550
Agriculture
$369
0.0%
5
23-3.0-07-000-000-012.000
HORIZONS WEST LAND LLC
151,153
Agriculture
$160
0.0%
6
23-3.0-07-000-000-018.000
HORIZONS WEST LAND LLC
697
Agriculture
$12
0.0%
7
23-3.0-06-000-000-116.000
HORIZONS WEST LAND LLC
289,151
Industrial
$63,680
0.2%
8
23-3.0-06-000-000-094.000
HORIZONS WEST LAND LLC
318,598
Industrial
$70,080
0.2%
9
23-3.0-06-000-000-093.000
CITY OF RIVERSIDE
622,908
Industrial
$104,320
0.3%
10
23-3.0-06-000-000-107.000
HORIZONS WEST LAND LLC
NA
Yes
Agriculture
$12
0.0%
11
23-3.0-07-000-000-011.000
HORIZONS WEST LAND LLC
NA
Yes
Agriculture
$60
0.0%
12
23-3.0-07-000-000-021.000
HORIZONS WEST LAND LLC
NA
Yes
Agriculture
$148
0.0%
13
23-3.0-06-000-000-113.000
CITY OF RIVERSIDE
629,006
Industrial
$3,123,520
10.3%
14
23-3.0-06-000-000-112.000
CITY OF RIVERSIDE
1,088,564
Industrial
$529,600
1.7%
15
23-3.0-06-000-000-092.000
HORIZONS WEST LAND LLC
344,560
Industrial
$75,936
0.3%
16
23-3.0-06-000-000-091.000
PERGRIVERSIDE LLC &
683,892
Industrial
$5,120,000
16.9%
17
23-3.0-06-000-000-090.000
ARGO DEVELOPMENT
COMPANY
537,530
Industrial
$10,304
0.0%
18
23-3.0-06-000-000-088.000
CITY OF RIVERSIDE
409,900
Industrial
$262,400
0.9%
19
23-3.0-06-000-000-089.001
KELLY -HILL COMPANY
141,134
Industrial
$104,000
0.3%
20
23-3.0-05-000-000-058.000
HORIZONS INDUSTRIAL II
LLC
422,096
Industrial
$2,156,480
7.1%
21
23-3.0-05-000-000-061.000
IDA
223,898
Industrial
$143,040
0.5%
22
23-3.0-05-000-000-060.000
IDA
212,137
Industrial
$135,680
0.4%
23
23-3.0-05-000-000-057.000
HORIZONS INDUSTRIAL I
LLC
391,604
Industrial
$2,139,520
7.0%
24
23-3.0-05-000-000-065.000
CITY OF RIVERSIDE
666,468
Industrial
$3,648,000
12.0%
25
23-3.0-05-000-000-066.000
CITY OF RIVERSIDE
554,954
Industrial
$351,360
1.2%
26
23-3.0-05-000-000-059.000
IDA
NA
Yes
Industrial
$2,880
0.0%
27
23-3.0-05-000-000-043.000
IDA
NA
Yes
Industrial
$188,160
0.6%
28
23-3.0-08-000-000-011.000
IDA
NA
Yes
Industrial
$70,656
0.2%
29
23-3.0-08-000-000-008.000
IDA
471,145
Industrial
$103,872
0.3%
30
23-3.0-08-000-000-009.000
IDA
365,033
Industrial
$80,448
0.3%
Petition to Establish the Riverside
Horizons Community Improvement
District
13
WA 6764507.1
31
23-3.0-08-000-000-010.000
IDA
301,518
Industrial
$66,432
0.2%
32
23-3.0-05-000-000-067.000
IDA
159,691
Industrial
$35,200
0.1%
33
23-3.0-05-000-000-068.000
HORIZONS INDUSTRIAL III
LLC
424,274
Industrial
$2,929,280
9.6%
34
23-3.0-05-000-000-062.000
CARDAX SYSTEMS INC
183,823
Industrial
$1,589,760
5.2%
35
23-3.0-08-000-000-014.000
IDA
316,681
Industrial
$69,792
0.2%
36
23-3.0-08-000-000-013.000
IDA
NA
Yes
Industrial
$44,832
0.1%
37
23-3.0-08-000-000-016.000
IDA
343,122
Industrial
$75,648
0.2%
38
23-3.0-08-000-000-012.000
IDA
NA
Yes
Industrial
$1,920
0.0%
39
23-3.0-08-000-000-003.000
IDA
NA
Yes
Industrial
$68,736
0.2%
40
23-3.0-08-000-000-015.000
IDA
1,489,316
Industrial
$328,224
1.1%
41
23-3.0-08-000-000-017.000
HORIZONS OFFICE 1 LLC
96,268
Industrial
$667,200
2.2%
42
23-3.0-08-000-000-019.000
IDA
1,017,997
Industrial
$224,320
0.7%
43
23-3.0-08-000-000-018.000
CITY OF RIVERSIDE
NA
Yes
Industrial
$6,720
0.0%
Petition to Establish the Riverside
Horizons Community Improvement
District
14
WA 6764507.1
EXHIBIT D
FIVE-YEAR PLAN
IMPROVEMENTS TO BE UNDERTAKEN AND ESTIMATED COSTS
I. Purposes of the District
The purpose of the District is to enhance the quality and value of the property within the
District through the funding of projects, services and improvements within the boundary of the
District. The District will have the authority to exercise any powers authorized pursuant to the
Act.
II. District Services and Improvements
The District shall provide at a minimum the services included in this Exhibit D and may
construct, reconstruct, install, repair, maintain, operate, and equip various public improvements
as described herein (collectively "Services and Improvements"). Services and improvements
contemplated by the District may include but are not limited to:
A. Parks, Lawns, Trees, Landscaping, and Common Areas
Services and improvements in this category may include but are not limited to:
purchasing land and materials, planting, landscaping, irrigating, planning and
implementing a streetscape plan, planning and implementing a hardscape plan (e.g.,
benches, trash cans, tree grates, bike racks), and maintaining open spaces, green spaces,
common areas, pedestrian trails and walkways, and related spaces within the District and
for the benefit of the District.
B. Public Infrastructure
Services and improvements in this category may include, but are not limited to
purchase, installation, construction, contracting, maintenance, repair, operation and/or
other necessary actions related to: (a) water pump(s); (b) irrigation system(s) and related
components; (c) streets or sidewalks; (d) stormwater management; (e) low impact
development; (0 traffic signs and signals; (g) wayfinding signs; or (h) other public
infrastructure of site improvements within the District and for the benefit of the District.
C. Cleaning and Maintenance
As determined necessary by the district, services and improvements in this
category may include, but are not limited to: (i) street and sidewalk cleaning and snow
removal, (ii) public area litter control, and (iii) maintenance of street furniture, public art,
decorations, improvements, public lighting, and wayfinding signage within the District
and for the benefit of the District.
Petition to Establish the Riverside
Horizons Community Improvement
District
15
WA 6764507.1
D. Administrative Activities
The District will provide for the District administrative activities including but not
limited to accounting, and legal services as well as providing insurance all for the benefit
of the District, as the Board deems necessary or desirable, and as authorized pursuant to
the Act.
III. Estimated Costs and Budget
The estimated costs of administration, services and district improvements to be incurred
by the District, during its first five years, and the District's five-year budget are in this Exhibit D.
A. District Formation Costs
In addition to the estimated costs shown in this Exhibit D, the District shall
reimburse the City for the costs incurred by the City prior to formation of the District in
furtherance of formation of the District.
B. Revenue Measures
1. Sales Tax. Pursuant to §67.1545 of the Act, the District shall have the
power to impose a sales tax at a rate not to exceed one (1) percent as may be approved by
the qualified voters.
2. Special Assessments. The District shall have the power to impose special
assessments as provided for in the Act.
3. Property Tax. The District shall not have the power to impose a property
tax.
4. Business License Taxes. The District shall not have the power to impose a
business license tax.
5. Other Tax/Assessment Measures. The District shall have the power and
authority to impose any other tax, license or assessment allowable under the Act.
Petition to Establish the Riverside
Horizons Community Improvement
District
16
WA 6764507.1
Riverside Horizons Community Improvement District
Five -Year Costs of Services Estimate
Estimated Annual Use of Funds (dollars)
Petition to Establish the Riverside
Horizons Community Improvement
District
17
WA 6764507.1
2015-2016
2016 —2017
2017 —2018
2018 — 2019
2019-2020
Budget Category
Parks, Lawn, Trees
$85,000
$85,000
$90,000
$90,000
$95,000
Irrigation
$115,000
$125,000
$130,000
$130,000
$135,000
Cleaning & Maintenance
$30,000
$30,000
$30,000
$30,000
$25,000
Administrative Activities
$45,000
$35,000
$25,000
$25,000
$20,000
Reserve
$30,000
$30,000
$30,000
$30,000
$30,000
Total
$305,000
$305,000
$305,000
$305,000
$305,000
Petition to Establish the Riverside
Horizons Community Improvement
District
17
WA 6764507.1
EXHIBIT E:
SPECIAL ASSESSMENT PETITION
I. Petition
The undersigned property owners (the "Owners"), being the Owners of record:
A. Of more than fifty percent (50%) by assessed value of the real property within the
boundaries of the proposed Riverside Horizons Community Improvement District (the
"District"), and
B. Who constitute more than fifty percent (50%) per capita of all owners of real
property within the boundaries of the District, do hereby petition and request that the Board by
resolution authorize a special assessment to be levied upon the real property within the District to
fund all or part of the cost of services and improvements to be provided and to be made within
the District as follows:
1. The District shall be authorized to levy special assessments against real
property benefitted within the district for the purpose of providing revenue for the
improvements and services delineated within Exhibit D of the Petition to form the
Riverside Horizons Community Improvement District, such special assessments to be
levied against each tract, lot or parcel of real property listed below within the district
which receives special benefit as a result of such service and/or projects, the cost of
which shall be allocated among this property per square foot of property, in an amount
not to exceed dollars per square foot. Such authorization to levy the special
assessment shall expire on (insert date). The tracts of land located in the
district which will receive special benefit from this service and/or projects are:
2. (list of properties by common addresses and legal descriptions).
II. PROPERTY CLASSIFICATION
For the purposes of special assessment, property in the district shall be categorized as
follows:
A. Industrial Property
Any tract, lot or parcel of real property within the District used or intended for use
in any industrial classification as identified in the City of Riverside Land Management
Ordinance.
B. Publicly -Owned Property and Common Open Spaces
Any tract, lot or parcel of real property within the District either owned by a
public entity or dedicated to the common use of the owners and tenants of properties
within the District.
Petition to Establish the Riverside
Horizons Community Improvement
District
WA 6764507.1
C. Additional Classifications
As necessary, the Board shall adopt rules and regulations that set forth additional
qualifications or documentation required for the Board to classify property within the
District.
III. Method of Assessment
A. Initial Assessment
The special assessment shall be levied against each assessable property in the
District based on the assessed valuation of the property at an initial rate as follows:
Class
Maximum Rate Per
Assessed Valuation
Maximum Rate per Square
Foot
Industrial
Publicly -Owned and Common
Open Space
B. Annual Increase Permissible
Beginning in the year , such maximum rates may, at the discretion of the
Board of Directors of the District, increase by the lesser of _ percent per year or the
average increase in the U.S. Consumer Price Index for all Urban Consumers: U.S. City
Average for all items (prepared by the U.S. Department of Labor Bureau of Labor
Statistics) for the 12 -month period ending on the last day of the two months preceding the
date on which the District determines the new levy rates of assessment.
C. Tax Exempt Property
For purposes of property that is entitled to tax abatement, the assessed value of
such property shall be deemed to be the assessed value that such property would have
according to the county assessor if the property were not entitled to the tax abatement.
IV. Determination of Special Benefit
All properties within the district will receive special benefit from the services and
improvements provided by the District.
Petition to Establish the Riverside
Horizons Community Improvement
District
19
WA 6764507.1
SIGNATURE PAGE FOR PETITION TO ESTABLISH THE
RIVERSIDE HORIZONS COMMUNITY IMPROVEMENT DISTRICT
A. The signature of Petitioners signing this Petition may not be withdrawn later than seven
(7) days after this Petition is filed with the Clerk of the City.
B. The undersigned requests that the Board of Aldermen of Riverside, Missouri establish the
Riverside Horizons Community Improvement District according to the preceding Petition
and authorize the creation of the District.
Name of Owner:
Owner's Telephone Number:
Industrial Development Authority of the City of
Riverside, Missouri
816-741-3993
Owner's Mailing Address: 2950 NW Vivion Road
Riverside, MO 64150
Name of Signer: Leland Finley
State Basis of Legal Authority to Sign: President
Signer's Telephone Number: 816-741-3993
Signer's Mailing Address: 2950 NW Vivion Road
Riverside, MO 64150
Public Corporation
Entity Type:
The Map Number and Assessed Value of the Properties Owned:
Map ID
Parcel Number
Assessed Value
Assessed Property
Estimated CID
21
23-3.0-05-000-000-061.000
$143,040
223,989 s.f.
$4,477.96
22
23-3.0-05-000-000-060.000
$135,680
212,137 s.f.
$4,242.74
26
23-3.0-05-000-000-059.000
$2,880
NA
NA
27
23-3.0-05-000-000-043.000
$70,656
NA
NA
28
23-3.0-08-000-000-011.000
$262,400
NA
NA
29
23-3.0-08-000-000-008.000
$103,872
471,145 s.f.
$9,422.90
30
23-3.0-08-000-000-009.000
$80,448
365,033 s.f.
$7,300.66
31
23-3.0-08-000-000-010.000
$66,432
301,518 s.f.
$6,030.36
32
23-3.0-05-000-000-067.000
$35,200
159,691 s.f.
$3,193.82
35
23-3.0-08-000-000-014.000
$69,792
316,681 s.f
$6,333.62
36
23-3.0-08-000-000-013.000
$44,832
NA
NA
37
23-3.0-08-000-000-016.000
$75,648
343,122 s.f.
$6,862.44
38
23-3.0-08-000-000-012.000
$1,920
NA
NA
39
23-3.0-08-000-000-003.000
$68,736
NA
NA
40
23-3.0-08-000-000-015.000
$328,224
1,489,316 s.f.
$29,786.32
42
23-3.0-08-000-000-019.000
$224,320
1,017,997 s.f.
$20,359.94
*NA- Common Area Parcel Exempt from CID
By executing this Petition, the undersigned represents and warrants that such person has received
a copy of this Petition and its exhibits, has read this Petition and its exhibits, is authorized to
execute this Petition on behalf of the property owner named immediately above, and authorizes
this signature page to be attached to the original of this Petition to be filed in the Office of the
City Clerk of the City of Riverside, Missouri. The undersigned also acknowledges that the
signature may not be withdrawn later than seven (7) days after this Petition is filed with the City
Clerk.
Industrial Development Authority of the Date
City of Riverside, Missouri
STATE OF MISSOURI
COUNTY OF
Acknowledgement
ss.
Before me personally appeared , to me personally known to be the individual described in
and who executed the foregoing Petition.
WITNESS my hand and official seal this day of , 2015.
My Commission Expires:
Notary Public
Printed Name: