Downtown Jefferson City Conference Center Board to meet to discuss key matters

JEFFERSON CITY, Mo. (KMIZ)

The Board of Directors of the Downtown Jefferson City Conference Center Community Improvement District will hold a meeting Tuesday morning.

The meeting will begin at 11 a.m. in the Boone Bancroft Room of City Hall.

The board for "The District" is scheduled to discuss several matters related to the downtown conference center. Items on the agenda include designating the District's principal office, adopting the District's bylaws, adopting the District's corporate seal, and adopting the District's fiscal year.

Also on the agenda is the board considering a resolution to impose a Community Improvement District 1% sales and use tax before sending it to a public vote. Also on the agenda is the approval of a budget for the fiscal year ending on Oct 31.

Previous reporting says the city expects roughly $170,000 to be generated from the sales tax each year. The district and funding would run for a maximum period of 27 years before being reapproved.

The board will also consider authorizing the District's general counsel to gather nonprofit corporation directors, along with officers and corporate indemnification insurance on behalf of the District.

The formation of the Board of Directors for the District was approved earlier this year by the city council. The downtown conference center transportation district has five board members, with two members having three-year-terms, two having two-year terms and one with a one-year term, according to court documents. The first set of board members was appointed by the mayor with City Council approval.