Economic Development Retail Sales Tax (EDRST)

EDRST History


In August 2006, the City of University City levied a one-quarter (1/4) percent sales tax on retail sales to be used for economic development purposes. This revenue is based on the amount of sales tax generated through point of sales within the City limits and fluctuates from year to year.

Through the EDRST, funds are being invested in University City programs and projects that encourage the physical and economic redevelopment of major corridors, improve infrastructure, support existing successful business districts, and enhance efforts toward business retention, expansion and attraction. The use of revenues generated by the tax are generally for project administration, land acquisition, infrastructure, water and wastewater treatment capacity, matching state or federal grants related to long-term economic development projects, marketing, training, equipment and infrastructure and other specified uses.

EDRST Board


The general purpose of the Economic Development Retail Sales Tax (EDRST) Board is to serve as an advisory committee to the Mayor, City Council and City Staff on matters relating to the Local Option Economic Development Retail Sales Tax, and to perform such other duties as may be assigned by the City Council.

The EDRST Board will assist in facilitating the implementation of Economic Development related goals set forth in the Comprehensive Plan (including all updates), the Olive Boulevard Design Guidelines, and other planning documents and initiatives approved by the City Council. The Board pursues these goals by making recommendations to the Council for the use of the Economic Development Retail Sales Tax. The City’s strategic planning effort includes, but is not limited to, plans for a vibrant, economically healthy community with a healthy population and livable neighborhoods. The plans are also intended to ensure that the City is a center for business and tourism, and a destination for the appreciation of leisure, culture and history.

EDRST Funds


Each year, the EDRST Board recommends a list of projects to be funded with the EDRST. The recommendation is sent to the City Council as a part of the City budget. Projects are funded on a Fiscal Year, July to June.

The Board accepted applications from organizations through February 5, 2016 for use of the funds. The application period is now closed and applications are in review. The EDRST is generally open to any organization, with priority given to non-profit and City sponsored projects. Organizations should review the Guidelines prior to submitting an application for funds.

Funding Priority Guidelines
  

Economic Development Retail Sales Tax - FY 17

The following organizations have applied for FY 17 Funds. The EDRST Board met on Thursday, February 18th at 4:00PM at the Heman Park Community Center (975 Pennsylvania) to review applications and hear presentations from each of the following applicants:
Loop Special Business District - Applications
University City Chamber of Commerce - Applications
Create Space - Application
Midtown Farmers Market - Application
University City In Bloom - Applications
L.O.O.P. - Application
Loop Media Hub - Application
University City, Department of Public Works - Application
University City, Department of Community Development - Applications 

FY 17 EDRST Budget Process

The Economic Development Retail Sales Tax (EDRST) Board of University City, Missouri held a public hearing on Thursday, March 17, 2016 at 6:00 p.m. in the University City Public Library, 6701 Delmar Boulevard, University City, Missouri 63130, on funding requests for a proposed budget for Fiscal Year 2017 for the use of EDRST funds. 

The EDRST Board met on Thursday, April 14th at 4:00PM  at the Heman Park Community Center to vote on a recommended budget for FY 17 EDRST funds that will be sent to City Council for final approval. The Meeting Packet for the April 14th meeting can be viewed here and includes a staff analysis of the FY 17 budget and applications. The EDRST Board FY 17 Recommended Budget has been sent to City Council for final approval.
     

EDRST Meetings


FY 16 (June 2015-July 2016) EDRST Project List and Budget can be found here.
 
Thursday, November 19, 2015 - Meeting Packet
Thursday, February 18, 2016 - Meeting Packet 
Thursday, May 19, 2016 - Meeting Packet
Thursday, August 18, 2016 - Meeting Packet