[Ord. No. 470-C §1, 5-6-1999]
There is hereby created a Commission to be known as the Tax
Increment Financing Commission of the City of Canton which TIF Commission
shall have continuous and perpetual existence unless and until terminated
by an action of the Board of Aldermen.
[Ord. No. 470-C §2, 5-6-1999]
The TIF Commission of the City shall consist of eleven (11)
members and the composition and organization of the TIF Commission
shall be in accordance with Section 99.820.2 of the TIF Act.
[Ord. No. 470-C §3, 5-6-1999]
The TIF Commission shall serve as an advisory body to the City
as it relates to consideration of tax increment financing proposals
submitted by interest parties or initiated by any public agency in
accordance with the TIF Act. The TIF Commission shall hold public
hearings and give notice pursuant to Section 99.825 and 99.830 of
the TIF Act on proposed redevelopment plans, redevelopment projects
and designation of all proposed redevelopment areas and redevelopment
projects including amendments thereto, within the time periods prescribed
in the TIF Act.
[Ord. No. 470-C §4, 5-6-1999]
The TIF Commission, upon effective date of this Ordinance, shall
organize itself and elect from its number a Chairman, Vice Chairman,
and Secretary each to serve for one (1) year terms or until their
successors are elected.
[Ord. No. 470-C §6, 5-6-1999]
The TIF Commission shall meet regularly and shall adopt such
rules and regulations for its operation as shall enable it to maintain
an orderly procedure for its business and to effectively and efficiently
exercise the powers authorized by the TIF Act and delegated to it
by the Board of Aldermen.
[Ord. No. 470-C §7, 5-6-1999]
The TIF Commission shall keep records and minutes of its meetings
and shall report annually to the Board of Aldermen respecting its
activities.