State of the City

August, 2019

Mayor - Louis J Magdits, IV

Public Investment

Long-term Investment inQuality of Life Factors!

Building in the City

$-

$10

$20

$30

$40

$50

$60

$70

Mill

ions

Tax Revenue

$0.0

$0.5

$1.0

$1.5

$2.0

$2.5

$3.0

$3.5

$4.0

$4.5

Mill

ions

Public Works 2019Streets• 9 miles surface treatments

(overlay, micro-surfacing and seal coats)

• Reconstruction of 6th St.

• Asphalt overlay – 10th St. East and Old St. James Rd

• 100% complete on LED street light conversion

Proposed Animal Control Facility• Current facility built in the 1970’s - very poor condition• Feasibility Study proposed a new 5,600 sf facility• Estimated project cost of $1.2 – 1.5 M• Grassroots funding via charitable contributions

Public Safety Strong!

36 Certified Police OfficersVIPS programCounty wide 911 DispatchSpecial Task Forces

32 Certified Firefighters5 Major Pieces of Equipment

Haz-Mat & First Responder

Westside MarketPlace TIF• Construction under budget – reduced

TIF funds from $16.4M to $15.5M

• All results from Retailers either meet or exceed expectations

• Sales tax revenues are out-performing intial TIF projections resulting in a potential early bond repayment

Highway 72 Extension

MoveRolla Transportation Plan

• TDD Bonds issued April 2017 ($32.2 M)• Hwy 72 Extension complete ($1 M under budget)• Westside MarketPlace Access Roads completed

($4.5 M)• Hwy E Pedestrian Bridge under design ($2.5 M)• Planning and Scoping on other phases

(Kingshighway, Bishop Ave, University Extension, 10th St.)

• Next Public Forum - Wednesday, August 28th

Kingshighway Project Scoping

Hwy E Pedestrian Bridge

Private Investment

The real catalyst for communityand economic growth!

Hartmann USHartmann US

• 50 jobs growing to 117• $50 – 60 million

equipment• Fiber-molded company

from Denmark• First US manufacturing

facility for the egg industry

• Ch. 100 bonds• Currently adding a

second line – will add 40 employees!

New FedEx Facility-Hy Point West

North Bishop Ave additions

Kingshighway Additions

Future “Super Sonic”

New Fairfield Inn by Marriott

Future Sakelaris Ford

“Salt Water” & Hopper’sDowntown Pine St.

South 63 Additions

Housing Projects

Local Use Tax Initiative

Facts . . .

• A Use Tax is a sales tax on goods purchased from out-of-state businesses shipped to MO (Rolla)

• A Use Tax does not apply if the purchase is from a MO (Rolla) business that is already subject to sales tax

• A Local Use (equity) tax is a way of compensating cities and counties for sales tax lost when purchases are made across state lines and brought back to MO for use. The State of MO already has a Use Tax on such purchases (4.225%)

• An estimated $400,000 – 600,000 would be generated annually and used to support public safety and capital improvements in Rolla

• Rolla’s Use Tax rate would be the exact same as Rolla’s Sales Tax Rate – currently 2.25%• If you pay a local sales tax you won’t pay a use tax. You pay one or the other but NEVER

both.• The current Rolla sales tax rate does not change• Passage would require businesses to pay the same tax as everyone else when making

purchases out-of-state.• A Use Tax levels the playing field on local taxes between local retailers and out-of-state

vendors

Questions & Additional Information

Louis J. Magdits IV, Mayorlmagdits@rollacity.org426-6948

John Butz, City Administratorjbutz@rollacity.org

426-6948