[R.O. 2009 § 155.010; R.O. 2006
§ 180.010; Ord. No. 2073 § 1, 6-16-1997]
There is hereby created a commission
to be known as the "Tax Increment Financing Commission of the City
of Fenton, Missouri" (the "Commission").
[R.O. 2009 § 155.020; R.O. 2006
§ 180.020; Ord. No. 2073 § 2, 6-16-1997]
The Board of Aldermen hereby authorizes
and approves the exercise by the Commission of only those powers that
are required by the Real Property Tax Increment Allocation Redevelopment
Act to be exercised by the Commission.
[R.O. 2009 § 155.030; R.O. 2006
§ 180.030; Ord. No. 2073 § 3, 6-16-1997]
The Mayor is hereby directed to appoint
six (6) representatives to the Commission, with the consent of the
majority of the Board of Aldermen. The appropriate officials of the
City are hereby directed to provide notice to other taxing districts
of the establishment of the Commission in the manner required by the
Real Property Tax Increment Allocation Redevelopment Act.
