Springfield City Council voted unanimously last night to establish a community improvement district for the Galloway Village neighborhood, though an associated sales tax will go to voters for approval.
Proposed by Galloway developer Green Circle Projects and city officials, the 20-year CID covers roughly 87 acres in southeast Springfield along the Lone Pine corridor between Battlefield and Republic roads.
With the CID in place, district residents now will vote on a 1% sales tax on retail sales to fund public improvements and beautification, walkability and safety improvements. The CID tax would have to be approved by voters before implementation. City officials could not be reached for comment by deadline on when the vote would be put on the ballot.
If approved, the tax is expected to generate $30,000-$40,000 annually, according to past SBJ reporting.
The goal of the CID, according to city documents, is job creation, creating interest for additional development near the CID, increasing tax revenues, and improving parking and infrastructure.
Council first heard the CID proposal at a luncheon in June.
The petition for the CID received signatures from 52% of real property owners in the district, who own 85% of the total assessed value of the real property in the district, according to past SBJ reporting. City documents show the district had a total assessed value of all real property of $1.74 million as of March 2018.
Recent projects in the Galloway area include the $14 million, mixed-use development Quarry Town by Green Circle Projects and the $7.7 million, 46,000-square-foot Galloway Creek development, according to past SBJ reporting.
Projects that could be funded by the sales tax include public right-of-way improvements along South Lone Pine Avenue, construction of additional parking, holiday lighting and decorations, and additional police and security services, according to city documents.
The council vote also approved an initial CID board of governors comprising 15 members made up of property owners, business owners and a Springfield-Greene County Park Board representative.
The Galloway Village Neighborhood Association can choose to have one appointed, nonvoting representative on the board, who would be confirmed by the current board members. Future board members would be appointed by the mayor with consent from council. The board can have a maximum of 30 members, according to city documents.
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