City of Jefferson - City Council Work Session 02.23.2026

The City of Jefferson, Missouri City Council held a work session on February 23, 2026, focusing primarily on updates and financial planning for the new conference center project. Key procurement-related discussions included the demolition of the existing parking garage by Macau Gordon, with detailed updates on construction progress, challenges such as unfavorable soil conditions, and ongoing communication with local businesses and residents. The council reviewed the design development phase, noting refinements to the project scope and cost estimates, which remain around $96.6 million for construction. Financing discussions covered the capital stack, including bond issuances totaling approximately $108.5 million, the award of $4 million in Missouri Development Finance Board contribution tax credits, and strategies to solicit $8 million in private contributions leveraging these credits. The council was informed about the bond coverage rates, interest rates, and reserve funds to ensure fiscal conservatism, with no city backing on the hotel incentive revenue bonds. Additionally, the council received updates on a critical access viaduct breach, ongoing safety assessments, and potential emergency procurement actions for repairs. A motion related to these matters was moved and seconded, with unanimous approval by the council.