At a recent meeting, Wentzville’s Board of Aldermen passed legislation in support of downtown business redevelopment. Last summer, the Board prioritized its short- and long-term goals. Implementing a downtown redevelopment plan was one of the Board’s top six strategic goals.
This new legislation passed by the Board established a Fire Protection Tap Waiver Program. The program allows the customary fire protection tap charge to be waived in the Village Center zoning districts in the City’s downtown area.
The program will only apply to the redevelopment of structures that are at least 50 years old or older. Also, an eligible renovation project must involve at least $50,000 of capital improvement investment. The tap charge will be waived 100 percent, if the business remains open for a period of five years. The waiver program will save an applicant between $9,300 and $22,000 – depending on the size of the meter.
“Providing businesses with this waiver is a win-win. While this program incentivizes the businesses, the Wentzville residents reap the real benefits – with improved, convenient access to new retail, restaurants and more,” said Mayor Nick Guccione.
The waiver program does not apply to the regular water usage for the business, but only pertains to the fire protection system. The program was adopted by the City’s Board of Aldermen to encourage redevelopment of downtown Wentzville, and to assist in securing long-term business commitments in this area.