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100 North Main Street
O'Fallon, MO 63366
Phone: 636-379-5532
Email: econdev@ofallon.mo.us

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O’Fallon proposes issuing $8 million in industrial revenue bonds

O’Fallon has proposed issuing approximately $8 million in industrial revenue bonds to finance an industrial development project.

At its June 27 meeting, the City Council conducted a first reading of a bill, sponsored by Mayor Bill Hennessy, that would authorize the city to issue those bonds, acquire land and build a proposed structure.

In an interview immediately after the meeting, O’Fallon Economic Development Director Patrick McKeehan clarified that Duke Property Management, LLC and Ortho Solutions, LLC doing business as DynaFlex, had requested that the city issue industrial development revenue bonds in a principal amount of approximately $8 million to provide funds to pay the costs of acquiring and constructing an approximately 57,600-square-foot facility on an approximately 11-acre site located on Hawk Ridge Trail.

As part of its request, DynaFlex committed to relocate 130 employees and its existing machinery and equipment into this new headquarters/advanced manufacturing facility and create 15 new “quality jobs” within its first three years of operation in O’Fallon.

“DynaFlex had conducted an extensive site search for their expanding company, and had considered a number of locations across St. Louis and St. Charles counties,” McKeehan said. “As the site search narrowed, O’Fallon economic development staff collaborated with Missouri’s Department of Economic Development to offer DynaFlex the Missouri Works program, a tax credit to induce new job creation at a livable wage standard. The offer required a local match and the City proposed Chapter 100 bonds tied directly to capital investment and job creation, per the city’s incentives policy.  City staff followed that incentive policy by requiring DynaFlex to pay for all legal fees and insurance costs.”

He further clarified that the City is not under any obligation or liability for debt created by the bonds, and all bond payments will be addressed in full through a payment-in-lieu-of-taxes [PILOT] agreement. The Hawk Ridge Trail site currently is vacant with no building improvements and is assessed agriculturally. Last year, the property generated $102.09 in 2018 property taxes for all taxing districts combined.”

DynaFlex is a world-class manufacturing company that competes in five dental related markets: Orthodontic Products, Orthodontic Laboratory, Dental Sleep Medicine, Clear Aligners and Digital Office Solutions. DynaFlex has been serving the industry for over 50 years, striving to lead in innovation of new products, industry advancements in technology, as well as continue to implement improvements with their existing offerings.

 

Source:  Mid Rivers Newsmagazine, https://midriversnewsmagazine.com/2019/07/02/78529/ofallon-proposes-issuing-8-million-in-industrial-revenue-bonds

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New I-70 connector road expected to bring more commercial development to O’Fallon

On April 11, the O’Fallon City Council authorized an agreement with R.V. Wagner Inc., to construct new connector road between the new south outer road along Interstate 70 and Veterans Memorial Parkway.

To be named Brunjes Drive, the project was defined during early discussions about the I-70 corridor one-way outer road system currently under construction. It will provide a north-south connection for east bound traffic and will be located just west of the Slumberland Furniture store. In addition to providing easier access to the furniture store, Brunjes Drive also will pave the way for the future commercial development of several adjacent land tracts.

The approved cost of the contract is not to exceed $490,190.90.

 

Source: Mid Rivers Newsmagazine, https://midriversnewsmagazine.com/2019/04/19/77044/construction-of-new-i-70-connector-road-approved-by-ofallon-city-council

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O’Fallon City Council establishes Downtown Overlay District

Recognizing the inherent differences in Downtown O’Fallon and wanting to encourage new and redevelopment opportunities in the Downtown area, the O’Fallon City Council approved a Downtown Overlay District at their February 28th meeting. The new zoning begins immediately and continues a process that began back in November. The Council previously gave approval to add the Downtown district to the Zoning Code at the January 24th meeting, but tonight’s vote added the District as a zoning overlay to the downtown area.

The Downtown area is generally defined as the area from I-70 north to just past to St. Joseph Ave. and Woodlawn East to just past Sonderen Street.

The Downtown Overlay District recognizes the unique and historic attributes of Downtown O’Fallon and encourages appropriate redevelopment and revitalization of this area with a mix of retail, service, office, government, institutional, religious, restaurant and hospitality uses together with residential uses.

“The Council and Staff worked for several months to develop a plan that we think both protects the historic character of our Downtown area and allows for new development and economic revitalization of this area,” said Mayor Bill Hennessy. “We appreciate the tremendous input and support of our current Downtown residents and business owners. They truly guided the development of this District. Together, we have developed a plan that we believe will protect and grow this historic region.”

The regulations of this overlay district are intended to allow greater design flexibility, enhance the aesthetic appearance of the area and streamline the review and approval process within Downtown. New regulations for this area include:

  • The District establishes limits on the commercial land uses that are allowed in downtown and adds a standard maximum building height of fifty (50) feet or three (3) stories; however, it also establishes a process for consideration of building heights up to six (6) stories under certain circumstances.
  • There are no minimum lot area requirements in this District and there are no lot coverage requirements in this District except that a minimum 20% of the lot is landscaped green space.
  • Parking requirements shall be consistent with existing ordinance requirements when possible, but will be reviewed and considered on an individual basis after evaluating existing conditions and space available. The Ordinance also outlines a process for review and consideration of parking plans in cases where minimum parking requirements cannot be provided onsite or a shared parking agreement cannot be acquired.
  • The proposed District acknowledges that some properties are constrained by space and present challenges when making improvements to sidewalks and roadways is necessary. The District provides options as to how the improvements are constructed.
  • Voluntary architectural, site design and signage guidelines.
  • The Downtown Overlay District allows “R-2”, “R-3”, “R-4”, “C-O”, “C-1”, and “C-2” and Mixed Use Traditional Development Districts.
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