Corporate Reserve, Lexington Club Hang in Limbo

Monday night was St. Charles City Council’s last scheduled formal meeting of the year, and while some anticipated a final vote on the Corporate Reserve and Lexington Club developments, the items were not listed on the agenda.

City officials had said last week that at least one, if not both of the projects, might be considered for a formal City Council vote at the Dec. 17 meeting.

Alderman last week dealt significant setbacks to the Corporate Reserve and the Lexington Club projects. During their Dec. 10 committee meeting, aldermen recommended against a request for a tax-increment financing district for the Lexington Club in a 7-2 vote, and voted unanimously to recommend the denial of a zone change request at the Corporate Reserve, a business park project whose developer wanted to add hundreds of apartments to the development.

The committee votes serve as recommendations to the City Council. A formal council vote would be needed to finalize the city’s decisions on each, something critics of the two proposals had hoped for by year’s end. A final council vote against the projects would bar their further consideration for a full year.

Residents have voiced opposition to both projects — the Corporate Reserve for its high-density multifamily homes, and the Lexington Club, both for its residential component and for the planned used of a TIF district to help finance demolition and environmental mitigation of contaminants at the site.

Related:

• Dec. 11, 2012:
• Dec. 11, 2012: Corporate Reserve Falls in Unanimous Vote
• Dec. 11, 2012: Lexington Club Attorney Slams St. Charles Aldermen for Rejection

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