The MoveRolla Transportation Development District board of directors, authorized by a special election last month, met for the first time to elect officers, buy insurance, approve bylaws, do just about everything necessary to set up a new governmental subdivision. That included adding a new sales tax, a 1-cent on the dollar sales tax that will start April 1.
The MoveRolla Transportation Development District board of directors, authorized by a special election last month, met for the first time to elect officers, buy insurance, approve bylaws, do just about everything necessary to set up a new governmental subdivision.
That included adding a new sales tax, a 1-cent on the dollar sales tax that will start April 1.
Mark Spykerman, attorney with Gilmore & Bell, the law firm the city uses as bond counsel, met with the new board Tuesday afternoon in the administrative conference room.
He noted that following the approval by the eligible voters in December of the district and its board's right to levy a sales tax he informed the Missouri Department of Revenue that the taxing authority was approved.
"The deadline was Dec. 31," he said. "This (vote) is to ratify that."
The new board, comprised of Mayor Lou Magdits IV, Presiding Commissioner Randy Verkamp, Missouri University of Science & Technology Vice Chancellor Walt Branson and Phelps County Regional Medical Center Chief Executive Officer Ed Clayton, voted for the tax resolution.
The 1 percent sales tax will be put on all retail sales in the district with these exceptions: sale of motor vehicles, trailers, boats or outboard motors, sales of electricity or electrical current, water and gas, natural or artificial, nor to sales of service to telephone subscribers.
The resolution created the MoveRolla Transportation Development District Trust Fund.
The transportation development district includes most businesses in Rolla, with the exception of the Forum Plaza, which is part of its own Community Improvement District that charges a 1 percent community improvement tax.
In other business conducted by the new board;
* The four directors signed their oaths of office.
* Magdits was elected chairman. Verkamp was elected vice-chairman. Clayton was elected secretary and assistant treasurer. Branson was elected treasurer. City Administrator John Butz was elected assistant secretary and was named the executive director of the district.
* The board approved a resolution that designated City Hall as the address of the district office and adopted the bylaws. The resolution also authorized Gilmore and Bell to use the generic TDD seal as the corporate seal for the Rolla district. The resolution also set the fiscal year to match the city's fiscal year, beginning Oct. 1.
* The board approved resolutions authorizing a contract with Gilmore & Bell for legal services through Sept. 30, 2018, and appointed the firm as the custodian of records.
* Resolutions approving a compliance reporting policy and approving purchase of an insurance policy for the board were approved.
* The board approved city Finance Director Steffanie Rogers and Phelps County Treasurer Carol Green as recipients of confidential sales tax information from the Department of Revenue.
* A resolution authorizing the bond counsel and officers of the board to perform certain actions for the district was approved.
* The board set aside the proposed budget until the next meeting.
* Also set aside was a decision on whether to participate in two annual statewide sales tax holidays.
The board is preparing to issue $38 million in bonds for transportation projects. a workshop on the bonds will be conducted by Stifel Nicolaus representatives at 330 p.m. Jan. 23. The next board meeting will be 4 p.m. Feb. 6.
Present in addition to the four board members were County Treasurer Carol Green, city Finance Director Steffanie Rogers, Associate Commissioners Gary Hicks and Larry Stratman, Public Works Director Steve Hargis, Community Development Director John Petersen, city Clerk Carol Daniel and City Administrator John Butz. Two taxpayers attended, Ray Schweikhardt and Tom Sager.