[Ord. No. 2000-11 §1, 5-23-2000]
There is created pursuant to Section 99.820.2 of the Act a commission
to be known at the "Tax Increment Financing Commission of Lake Ozark,
Missouri" (the "Commission"). The Commission shall have continuous
existence unless and until terminated by the adoption of an ordinance
of the Board of Aldermen terminating it.
[Ord. No. 2000-11 §2, 5-23-2000]
A.
The Commission
shall be composed of members to be appointed as follows:
1.
Six
(6) members shall be appointed by the Mayor of the City with the consent
of the Board of Aldermen.
2.
Two
(2) members shall be appointed by the Presiding Commissioner of the
County of Miller with the consent of the majority of the County Commission
of the County of Miller.
3.
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 the school
board whose district is included within such proposed redevelopment
area. The manner of selection of the members is left to the discretion
of the affected district.
4.
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)
within the area selected for a redevelopment plan.
[Ord. No. 2000-11 §§3
— 4, 5-23-2000]
A.
With
regard to the term of the first six (6) members appointed by the Mayor
with the consent of the Board:
1.
Two
(2) shall be designated to serve for terms of two (2) years;
2.
Two
(2) shall be designated to serve for terms of three (3) years; and
3.
Two
(2) shall be designated to serve for terms of four (4) years.
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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 term in the same manner
as were the original appointments.
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B.
At the option of the members appointed under Section 135.020 of this Chapter, the members who are appointed by the school board and other taxing districts may serve on the Commission for a term which coincides with the length of time such redevelopment project, redevelopment plan or the designation of this area for which they were appointed is being considered for approval by the Commission or for a definite term pursuant to Section 99.820.2 of the Act. If the members representing the school district and other taxing districts are appointed for a term coinciding with the length of time a redevelopment project, plan or area is approved, such term will terminate upon final approval of such redevelopment project, redevelopment plan or designation of the area by the Board.
C.
Those
Commission members who are appointed by the school board and 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.
[Ord. No. 2000-11 §5, 5-23-2000]
The Commission, upon the effective date of this Chapter, shall
organize itself and elect from its six (6) members appointed by the
Mayor, a Chairperson, Vice Chairperson, Treasurer and Secretary, each
to serve for one (1) year terms or until their successors are elected.
[Ord. No. 2000-11 §6, 5-23-2000]
The Board of Aldermen hereby authorize and approve the exercise
by the Tax Increment Financing Commission of all the powers delegable
under the Real Property Tax Increment Allocation Redevelopment Act
and in particular those enumerated in Section 99.820(3) thereof.
[Ord. No. 2000-11 §§8
— 9, 5-23-2000]
A.
The Commission
shall meet regularly and shall adopt such rules and regulations for
operations as shall enable it to maintain an orderly procedure for
its business and to effectively and efficiently exercise the powers
authorized by the statute and delegated to it by the Board.
B.
The Commission
shall keep records and minutes of its meetings and shall report annually
to the Board with regards to its activities.
