Des Peres is moving to retire bonds from a tax increment financing district set up for redevelopment of West County Center.
The city plans to hire James Mello of Armstrong Teasdale as special counsel for the closure of the Manchester-Ballas Tax Increment Financing District at a cost not to exceed $10,000. In addition, it will contract with Gilmore & Bell as special bond counsel for the closing of the TIF District, at a cost not to exceed $3,000.
In 1998 the city approved the issuance of TIF bonds for the redevelopment of West County Center. Read more on St. Louis Post-Dispatch.