Economic Development Retail Sales Tax (EDRST)
NEWS ALERTThe Economic Development Retail Sales Tax Board has issued the Application for Fiscal Year 2018 (July 2017-June 2018) funding. The Board is currently accepting applications from organizations now through February 3, 2017 for use of the funds. The EDRST is generally open to any organization, with priority given to non-profit and City sponsored projects.
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. Questions on the application process can be directed to Jodie Lloyd, Manager of Economic Development at 314-505-8522 or firstname.lastname@example.org.
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.
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 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.
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.
Funding Priority Guidelines
FY 17 EDRST Programs and ProjectsThe City is currently in Fiscal Year 2017 (July 2016 - June 2017). The EDRST projects approved for FY 17 can be found here.
EDRST Meetings and Information
Thursday, February 18, 2016 - Meeting Packet
Thursday, May 19, 2016 - Meeting Packet
Thursday, August 18, 2016 - Meeting Packet
Thursday, December 1, 2016 - Meeting Packet