[R.O. 2012 §116.010; Ord. No. 496 §1, 12-4-2001]
When used in this Chapter, the following words shall have the
meaning indicated herein:
ACT
The Real Property Tax Increment Allocation Redevelopment
Act, Sections 99.800 through 99.865, RSMo., as amended.
CITY
The Mayor and City Council of the City of Normandy, Missouri,
acting in their official capacity.
REDEVELOPMENT AREA
An area designated by the City, in respect to which the City
has made a finding that there exist conditions which cause the area
to be classified as a blighted area, a conservation area, an economic
development area, an enterprise zone pursuant to Sections 135.200
to 135.256, RSMo., or a combination thereof, which area includes only
those parcels of real property directly and substantially benefitted
by the proposed redevelopment project.
REDEVELOPMENT PLAN
The comprehensive program of the City for redevelopment intended
by the payment of redevelopment costs to reduce or eliminate those
conditions, the existence of which qualified the redevelopment area
as a blighted area, conservation area, economic development area,
or combination thereof, and to thereby enhance the tax bases of the
taxing districts which extend into the redevelopment area. Each redevelopment
plan shall conform to the requirements of Section 99.810, RSMo.
REDEVELOPMENT PROJECT
Any redevelopment project within a designated redevelopment
area in furtherance of the objectives of the redevelopment plan.
TIF COMMISSION
The Tax Increment Financing Commission of the City of Normandy,
Missouri, as authorized pursuant to Section 99.820 of the Act.
[R.O. 2012 §116.020; Ord. No. 496 §2, 12-4-2001]
There is hereby established a commission to be known as the
"Tax Increment Finance Commission of the City of Normandy, Missouri"
("TIF Commission"). All members of the Commission shall serve without
compensation.
[R.O. 2012 §116.030; Ord. No. 496 §3, 12-4-2001]
The TIF Commission shall serve as an advisory body to the City
as it relates to the consideration of tax increment financing proposals
submitted by interested parties or initiated by any public agency
in accordance with the Act. The TIF Commission shall hold public hearings
and give notice pursuant to Sections 99.825 and 99.830 of the Act
on proposed redevelopment plans, redevelopment projects and designation
of redevelopment areas and amendments thereto. The TIF Commission
shall vote on all proposed redevelopment plans, redevelopment projects
and designations of redevelopment areas and amendments thereto within
thirty (30) days following completion of a hearing on any such plan,
project, designation or amendment and shall make recommendations to
the City within ninety (90) days of a hearing referred to in Section
99.825 of the Act concerning adoption of or amendment to redevelopment
plans, redevelopment projects and/or designation of redevelopment
areas.
[R.O. 2012 §116.040; Ord. No. 496 §4, 12-4-2001]
The TIF Commission shall elect from among its number a Chairman,
Vice Chairman and Secretary. Meetings of the TIF Commission shall
be open to the public to the extent provided by law and a record of
each meeting shall be kept. The TIF Commission shall have the authority
to establish rules and procedures not in conflict with City ordinances
or policies or the Act and shall meet as required to fulfill its obligations
set forth in the Act.
[R.O. 2012 §116.050; Ord. No. 496 §5, 12-4-2001]
Membership on the TIF Commission shall consist of two (2) classes
of members: City appointees and other appointees. The TIF Commission
shall be composed of twelve (12) persons of which six (6) shall be
City appointees and six (6) shall be other appointees. Regardless
of class, each member of the TIF Commission shall have one (1) vote
on all matters properly before it and shall participate in all deliberations
of the TIF Commission without differentiation.