Home >> News >> O’Fallon seeks to create new mini commercial district with help from Lake Saint Louis

O’Fallon seeks to create new mini commercial district with help from Lake Saint Louis


The O’Fallon City Council approved three resolutions on March 28 that together create a new mini commercial district and an opportunity for business growth within the city.

Currently, Old Hwy. N runs generally northeast to southwest off Hawk Ridge Trail, near the Aldi supermarket on New Hwy. N, just south of Interstate 64. The southwestern end of Old Hwy. N dead ends into a field. The overall area currently is difficult to access and is not attractive for investment, a fact that the three resolutions seek to correct.

The first resolution authorizes an agreement with KAPB LLC, providing for road improvements along Old Hwy. N. KAPB LLC will provide $50,000 to be used for road improvements, which in turn will improve the viability of KAPB’s commercial lots. There is no cost to the city.

The second resolution authorizes an agreement with South Ridge Shoppes LLC for road improvements along Old Hwy. N. South Ridge Shoppes LLC will provide $54,850 to be used for road improvements and donate rights-of-way, which will in turn enable them to develop a 5.62-acre parcel known as South Ridge Shoppes. This agreement proposes the creation of a Community Improvement District [CID] which would reimburse the city up to $155,000 of its cost for the improvements along Old Hwy. N. A designated, additional sales tax within the district is used to reimburse the cost of improvements within the CID.

The third resolution authorizes an agreement with the city of Lake Saint Louis, providing for road improvements along Old Hwy. N. Lake Saint Louis will provide funding for Old Hwy. N improvements from Hawk Ridge Trail to Sommers Road and will apply to the St. Charles County Road Board and the East-West Gateway Council of Governments to acquire funding for that road work. As a result of the road improvement, Lake Saint Louis will have 15.95 acres and O’Fallon will have 5.62 acres made suitable for a coordinated development project known as South Ridge Shoppes, at 8197 Hwy. N and 8220 Orf Road. The agreement will require an O’Fallon mid-year budget appropriation of $116,500 for Phase 1 in 2019. Future budgets will include appropriations of $80,000 for Phase 2 and $15,000 for Phase 3, resulting in a total of $212,100 in city funds for all three phases. Road projects to be constructed with this agreement total $5,410,000.

The Lake Saint Louis board approved an ordinance at its meeting on Aug. 20, 2018, to allow development of the South Ridge Shoppes. The ordinance approved a zoning change on the 15.96-acre tract is to planned development district [PD] from highway commercial. At that time, City Administrator Paul Markworth said the preliminary plan for the shopping center includes about eight or nine lots with proposed uses being an auto service business, hotel and restaurants.

 

Proposed road improvements in O’Fallon along Old Hwy. N.

 

Print Friendly, PDF & Email
Share this:

Comments

comments

X