PUBLIC NOTICE

Please take notice that the Board of Directors of the Downtown North STL Community Improvement District will be holding a Board of Directors meeting on Monday, January 13th at 12pm / noon, virtually via Zoom. The main topic to be addressed at the Board of Directors meeting is passing a resolution imposing the special assessment that has been proposed and supported by a majority of property owners within the district.

This will be an open meeting and all members of the public are welcome to attend via the above Zoom link. A copy of the Agenda for this meeting is below:

agenda

I. Call to order

II. Approval of meeting minutes from 12/13/24 Board of Directors meeting

III. Discussion of proposed location of corporate office

IV. Discussion of need for professional services, including an outside attorney and an accountant

V. Update on changes to Board of Directors

VI. Discussion of support for Board Bill 131

VII. Adjourn

Executive Committee discussion

MEETING MINUTES

Attending the 01/13/25 Meeting of the Board of Directors (held via Zoom) were Board President John Berglund, Board Members Steve Stone, Dan Pistor, and Craig Heller, and acting Executive Director Matt O’Leary. Board Member Jeff Campbell was not present.

It was determined that a quorum of Board Members was present and that votes could be taken.

Matt O’Leary indicated that he had circulated meeting minutes from the 12/13/24 Board Meeting and an agenda for the 01/13/25 Board Meeting. All Board Member acknowledged receipt of these documents.

A motion was made to adopt the meeting minutes from the 12/13/24 Board Meeting, which was seconded. A voice vote was held and passed 4 to 0.

A discussion was held about the location of the corporate office. Steve Stone indicated that the Globe Building was willing to donate suite 302 free of charge on a month-to-month basis for the corporate office of the DNS CID. All Board members were supportive of this.

A discussion was held about the need to secure professional services, specifically legal and accounting services. It was generally agreed that given Matt is trained as an attorney and the compliance requirements under the MO CID Act are not that onerous, Matt will take on the legal compliance task for the moment. However, Matt is going to talk to Steadfast City about the compliance services they perform and the costs associated with those services. It was agreed that accounting services would regularly be required and Matt will make contact with accounting firms to solicit proposals.

A discussion was held about potential changes to the Board of Directors. Steve indicated that he has decided to stay on the Board. Matt was asked to set up a meeting for John and Steve with Michelle Solie, who is a candidate for Board Membership.

Matt then made a presentation about supporting Board Bill 131, which would allocate a substantial amount of the Rams settlement funds to Downtown. All Board members indicated support.

A roll call vote was then held related to:

1. Accepting the Globe Building’s offer to provide the corporate office for free

2. The plan for professional services

3. Formally supporting Board Bill 131 and sending a letter of support

The vote was 4 to 0 in favor for all of these items.

Matt was then excused to allow the Executive Committee (John, Steve, and Dan) to have a conversation related to the selection of the Executive Director of the DNS CID. After the conversation, John, on behalf of the Executive Committee, offered Matt the job of Executive Director on the discussed terms. Matt accepted the position to start February 1st.

The business of the meeting having been concluded, a motion to adjourn the Board Meeting was made and seconded. A voice vote was held and passed 4 to 0. The Board Meeting was accordingly adjourned.