[R.O. 2009 §170.010; Ord. No. 1669 §1, 2-20-1996]
There is created pursuant to Section 99.820.2 of the Act a commission to be known as the Tax Increment Financing Commission of Higginsville, Missouri (the "Commission"). The Commission shall have continuous existence unless and until terminated by the adoption of an ordinance by the Board of Aldermen of the City terminating it.
[R.O. 2009 §170.020; Ord. No. 1669 §2, 2-20-1996; Ord. No. 1795 §§1—2, 11-18-1998]
A. 
The Commission shall be composed of eleven (11) members to be appointed as follows:
1. 
Within thirty (30) days after the receipt of notice of a proposed redevelopment area, redevelopment plan or redevelopment project required by Section 99.830 of the Act, two (2) members shall be appointed by school boards, whose districts are included within such redevelopment plan or redevelopment area. The manner of selection of the members is left to the discretion of the affected taxing districts.
2. 
Within thirty (30) days after the receipt of notice of a proposed redevelopment area, redevelopment plan or redevelopment project required by Section 99.830 of the Act, one (1) member shall be appointed, in any manner agreed upon by the affected districts, to represent all other districts levying ad valorem taxes (excluding the representatives of the Board of Aldermen of the City) within the area selected for a redevelopment plan or redevelopment area.
3. 
Within thirty (30) days after receipt of notice of a proposed redevelopment area, redevelopment plan or redevelopment project required by Section 99.830 of the Act, two (2) members shall be appointed by the Chief Elected Officer of Lafayette County, with consent of the majority of the Governing Body of said County.
4. 
If any district, County, or other taxing jurisdiction fails to appoint members of the Commission as described in Subsections (1—3) of this Section hereof, within thirty (30) days of written notice of a proposed redevelopment plan, redevelopment project or designation of a redevelopment area, the remaining members may proceed to exercise the power of the Commission in accordance with the Act.
5. 
Six (6) members shall be appointed by the Mayor of the City with the consent of the Board of Aldermen.
[R.O. 2009 §170.030; Ord. No. 1669 §3, 2-20-1996]
A. 
The terms of the members shall be as follows:
1. 
The members who are appointed by the School Board and other taxing districts shall serve on the Commission for a term which coincides with the length of time such redevelopment project, redevelopment plan and the designation of the redevelopment area for which they were appointed is being considered for approval by the Commission. Such term will terminate upon final approval of such redevelopment project, redevelopment plan or designation of the redevelopment area by the Board of Aldermen.
2. 
With regard to the term of the first six (6) members appointed by the Mayor with the consent of the Board of Aldermen:
a. 
Two (2) shall be designated to serve for terms of two (2) years;
b. 
Two (2) shall be designated to serve for terms of three (3) years; and
c. 
Two (2) shall be designated to serve for terms of four (4) years.
Thereafter, members appointed by the Mayor with the consent of the Board of Aldermen shall serve for a term of four (4) years. (All vacancies shall be filled for the unexpired terms in the same manner as were the original appointments.)
[R.O. 2009 §170.040; Ord. No. 1669 §4, 2-20-1996]
Those Commission members who are appointed by the School Boards or other taxing districts shall only be authorized to vote on matters specifically and directly relating to the redevelopment plan, redevelopment project or redevelopment area upon which their affected taxing districts levy ad valorem taxes.
[R.O. 2009 §170.050; Ord. No. 1669 §5, 2-20-1996]
The City authorizes the Commission to exercise all the powers enumerated under the Act, except the final approval of plans, projects and the designation of redevelopment areas.
[R.O. 2009 §170.060; Ord. No. 1669 §6, 2-20-1996]
The Commission, upon the appointment of the six (6) members by the Mayor with the consent of the Board of Aldermen, shall organize itself and elect from its number a chairman, vice chairman, treasurer and secretary, each to serve for one (1) year terms or until their successors are elected.
[R.O. 2009 §170.070; Ord. No. 1669 §8, 2-20-1996]
The Tax Increment Financing Commission shall meet regularly and shall adopt such rules and regulations for operation as shall enable it to maintain an orderly procedure for its business and to effectively and efficiently exercise the powers authorized by the Act and delegated to it by the Board of Aldermen.
[R.O. 2009 §170.080; Ord. No. 1669 §9, 2-20-1996]
The Commission shall keep records and minutes of its meetings and shall report no less than annually to the Board of Aldermen with regard to its activities.