[Ord. No. 1698 §1, 3-5-2010; Ord. No. 1757 §1, 10-4-2012]
A. There
is hereby established the Tax Increment Financing Commission of the
City of Rock Hill, Missouri (the "TIF Commission"). The TIF Commission
shall consist of twelve (12) members.
1. Members to the TIF Commission shall be appointed in the manner set
forth in Section 99.820, RSMo., as amended.
[Ord. No. 1698 §3, 3-5-2010]
A. The
TIF Commission shall have the following duties:
1. Hold public hearings required by the TIF Act on any proposed redevelopment
plan, redevelopment project, designation of a redevelopment area or
any amendments thereto. The TIF Commission shall fix a time and place
for such public hearing within fifteen (15) days from receipt of a
redevelopment plan meeting the minimum requirements of Section 99.810
of the TIF Act, as determined by counsel to the City. Such public
hearing shall take place no later than seventy-five (75) days from
receipt of the redevelopment plan.
2. Provide all notices as required by the TIF Act.
3. Vote and make recommendations to the Board of Aldermen on all proposed
redevelopment plans, redevelopment projects, designations of redevelopment
areas and amendments thereto within thirty (30) days following the
completion of the public hearing. If the TIF Commission fails to vote
within thirty (30) days following the completion of the public hearing
referred to in Section 99.825 of the TIF Act concerning the proposed
redevelopment plan, redevelopment project or designation of redevelopment
area, or any amendments thereto, such plan, project, designation or
amendment thereto shall be deemed rejected by the TIF Commission.
[Ord. No. 1698 §4, 3-5-2010]
As of the effective date of this Article, the TIF Commission
established pursuant to this Article shall assume all outstanding
obligations of any previously established Tax Increment Financing
Commission of the City and any such previously established Tax Increment
Financing Commission shall cease to exist.