The Osage Beach Board of Aldermen on second reading approved a set of ordinances to advance financing for the Lakeport Village redevelopment area, including authorization of tax-increment and special district revenue bonds and related cooperation agreements.

The measures, introduced as Bill 25-49, Bill 25-50 and Bill 25-51, cleared second-reading votes after City Attorney Cole Bradbury told the board he had no additional comments and was available to answer questions. The ordinances authorize the city to execute documents and pledge or assign revenues needed to support tax-increment financing for the redevelopment project.

Board members recorded unanimous roll-call support during the second-reading votes. The board did not discuss specific project design details or contingencies during the public meeting; Bradbury and staff noted they were available to address technical questions if needed. The votes advance the city’s authority to issue the financing instruments and to cooperate with lenders and other parties as required under the redevelopment plan.

The ordinances passed on second reading with the following formal actions recorded: motion to approve second reading made and seconded for each ordinance, followed by unanimous roll-call votes in favor. No amendments or conditions were offered on the floor during the meeting.

Background: City staff previously presented the Lakeport Village redevelopment plan and related financing items at prior meetings; at this session the board considered only second readings of the ordinances on the printed agenda. The measures delegate authority to execute the various financing and development documents necessary to carry out the Lakeport Village tax-increment financing plan.

The board’s approval moves the Lakeport Village financing forward; additional administrative steps and document signings will follow as set out in the ordinances and cooperation agreements.