Updated at 9:30 to reflect the correct tax rate proposal. Changes in bold.
The Chesterfield City Council will hold a public hearing at 6:45 p.m. Wednesday Sept. 5, for citizens to discuss real estate and personal property tax rate to be set to repay principal and interest on general obligation bonds for parks.
According to the City of Chesterfield’s website, the amount of revenue to be provided for the repayment of general obligation bonds for parks is $512,699.
The city is proposing to mantain the current tax rate of 3 cents per $100 assessed valuation.
During their regular meeting following the public hearing, the council will also vote on several items, including setting the speed limit on several areas of Highway 340 (also known as Clarkson Road and Olive Boulevard, depending on the area of the city.)
The recommended speed limits are as follows:
- Clarkson Road from Kehrs Mill Road to Interstate 64: 45 mph.
- Olive Boulevard from Interstate 64 to N Woods Mill Road: 45 mph.
- Olive Boulevard from N Woods Mill Road to the City limits of Creve Coeur: 40 mph.
See the full agenda for Wednesday night’s meeting by clicking here.