A public hearing to consider a voluntary annexation petition from a local developer that could potentially spur future development and expand city limits has been scheduled for Camdenton’s next board of aldermen meeting November 21.

A public hearing to consider a voluntary annexation petition from a local developer that could potentially spur future development and expand city limits has been scheduled for Camdenton’s next board of aldermen meeting November 21.

Over the last several months, Camdenton officials and developer Morgan Bullock have been discussing the intention of FR Holdings, LLC to relocate the WinAir HVAC & Plumbing wholesale supplier store on N. Business Route 5 across from St. Anthony’s Catholic Church to the northern southwest intersection of Business 5 and Highway 5 and 7.

The proposal is contingent on annexation and connection to city water and sewer with the developer fronting the expansion cost to be later reimbursed through city sales tax earmarked from the project. An official petition and legal description of the property have been submitted and the board unanimously approved a Resolution of Intent on Tuesday night to proceed with a legally required public hearing.

According to City Administrator Jeff Hancock, aldermen will also have to pass the actual annexation ordinance expected to be introduced on November 21 and completed at the December 5 board meeting. A rezoning of the property from agriculture to commercial is scheduled to be reviewed by the Camdenton Planning and Zoning Commission on December 12.

Plans call for a 15,000-square-foot warehouse and showroom that also features a 2,400-square-foot plumbing showroom and the addition of electrical supplies sales. According to Bullock, the business would generate an estimated additional $100,000 in sales tax revenue annually and the agreement reimburses the developer approximately 37.5 percent until the infrastructure is paid for and then turned over to the city.

Camdenton intends to reimburse the cost by providing one half of the general and special revenue sales tax generated in the annexed area with the city keeping the remaining half plus the full amount from the transportation sales tax, according to an earlier memo from Hancock.

The concepts of annexation and constructing infrastructure for future growth at the intersections of Highway 5 and 7 were also included in the city’s Comprehensive Plan and Hancock noted that he has used this approach in the past to assist actual and future development.

Though it doesn’t appear Camdenton has ever used what the city administrator described as an “internal TIF” or public improvement agreement. 

New alderman appointed

In other city news, a new alderman has been appointed to fill the vacancy left by Dan Hagedorn, who retired last month due to medical issues.

Mayor John McNabb elected to appoint Eric Faes, a former Camdenton and Osage Beach Planning and Zoning Commission member, to the Ward 1 position for the remainder of the term that expires on April 3, 2018.

Faes could not attend the meeting Tuesday night, but the board unanimously approved the mayor’s appointment and plan for Faes to be sworn in at the next meeting in two weeks.