Report No. 2010-04
January 2010
Complete Audit Report
Findings in the audit of the Kenilworth Transportation Development District
Financial Status
The State Auditor's Office conducted an audit of the Kenilworth Transportation Development District (TDD) as required by Section 238.275, RSMo, to determine if the district's financial condition is such that it may be abolished prior to submitting the question of abolishing the district to a vote.
The Kenilworth TDD was organized in August 2000 by petition of the owner/developer of property within the proposed district and is located in the City of Brentwood, in St. Louis County. The district was formed for the purpose of constructing several road and other infrastructure improvements at a cost of approximately $1.5 million. The City of Brentwood and St. Louis County are the public entities with jurisdiction over these improvements and accepted them upon completion.
In October 2008, a petition was filed to create the Hanley Road Corridor TDD, which includes the entire area encompassed by the Kenilworth TDD. This new TDD was subsequently organized in 2009 for the purpose of consolidating the activities and paying the cost of financing or refinancing certain transportation-related improvements of the Kenilworth TDD and four other existing TDDs. In August 2009, the Kenilworth TDD Board approved a resolution repealing its sales tax and another resolution formalizing its intent to dissolve the district and request an audit by the SAO as required by state law, prior to submitting the question of abolishing the district to a vote.
Our audit of the Kenilworth TDD concluded the district's financial condition is such that it may be abolished and the TDD's Board of Directors can proceed with the abolishment of the district.
Complete Audit Report
Missouri State Auditor's Office
moaudit@auditor.mo.gov