UPDATED: Aldermen amend funding agreement with Crestwood mall owner

The Crestwood Board of Aldermen voted 5-2 Tuesday night to approve an ordinance amending an initial funding agreement with the owner of the former Crestwood Plaza.

The agreement acknowledges the receipt of an additional $25,000 from Crestwood Missouri Partners LLC, a subsidiary of mall owner UrbanStreet Group of Chicago.

Voting in favor of the ordinance were Ward 1 Aldermen Richard Breeding and Darryl Wallach, Ward 2 Aldermen Mary Stadter and Tim Trueblood and Ward 3 Alderman Bill Boston.

Opposed were Ward 3 Alderman Paul Duchild and board President Mike Tsichlis of Ward 4. Ward 4 Alderman Mike Vincent was absent.

Aldermen also voted 7-0 to table an ordinance hiring Gilmore & Bell as special counsel and special bond counsel for the mall project.

An ordinance amending an initial funding agreement with the owner of the former Crestwood Plaza was scheduled to be considered earlier this week by the Crestwood Board of Aldermen.

The agreement, which acknowledges the receipt of an additional $25,000, was set to be considered by aldermen Tuesday night — after the Call went to press.

The original pact with Crestwood Missouri Partners LLC, a subsidiary of mall owner UrbanStreet Group of Chicago, advanced $45,000 to the city as preliminary funding for costs and fees associated with the proposed redevelopment of the mall.

An ordinance hiring Gilmore & Bell as special counsel and special bond counsel for the mall project also was set to be considered Tuesday night by aldermen.