[Ord. No. 1277 §1, 7-13-2006]
An "Economic Development Tax Board" for the City of Edmundson, Missouri is hereby established as an advisory body to the Mayor and the Board of Aldermen.
[Ord. No. 1277 §2, 7-13-2006]
The Economic Development Tax Board shall be a volunteer board and the members of which shall receive no compensation.
[Ord. No. 1277 §3, 7-13-2006]
A. 
The Economic Development Tax Board shall be considered an advisory body to the Mayor and the Board of Aldermen; the Board shall have no authority beyond the authority to consider and make recommendations regarding certain matters which are specifically set forth in this Article or in Section 67.1305, RSMo.
B. 
The Board shall have no operating budget and shall have no authority with regard to the final determination on the use and expenditure of any funds of the City including revenue derived from the economic development sales tax.
[Ord. No. 1277 §4, 7-13-2006]
A. 
The Board shall consist of five (5) voting members to be appointed as follows:
1. 
One (1) member shall be appointed by the school districts included within any economic development plan or area funded by the sales tax authorized by and imposed under authority of Section 67.1305, RSMo. Such member shall be appointed in any manner agreed upon by the affected districts.
2. 
Three (3) members shall be appointed by the Mayor of Edmundson with the consent of the majority of the Board of Aldermen.
3. 
One (1) member shall be appointed by the County Council of St. Louis County.
B. 
In order to stagger the terms of such members, three (3) members shall be appointed for an initial term of two (2) years and while the remaining two (2) members shall be appointed for an initial term of four (4) years. Following the initial terms, the term of office for all members shall be four (4) years. The two (2) members appointed by the school district and the County and one (1) member appointed by the Mayor shall serve an initial term of two (2) years. The remaining two (2) members appointed by the Mayor shall serve an initial term of four (4) years.
[Ord. No. 1277 §5, 7-13-2006]
The Mayor and one (1) member of the Board of Aldermen, selected by the Board of Aldermen, may sit with the Economic Development Tax Board and participate with regard to consideration and review of matters before the Board; however, neither the Mayor nor the member of the Board of Aldermen shall have a vote in any matter before the Tax Board.
[Ord. No. 1277 §6, 7-13-2006]
A. 
The Economic Development Tax Board, subject to approval of the Board of Aldermen and Mayor, shall consider economic development plans, economic development projects, or designations of an economic development area.
B. 
In conjunction with the Tax Board's consideration of such matters, the Economic Development Tax Board shall hold public hearings and provide notice to the public of any such hearings.
C. 
Within thirty (30) days following completion of the hearing on any plan, project or area designation, the Board shall vote on all proposed economic development plans, economic development projects or designation of an economic development area, and amendments thereto.
D. 
The Tax Board shall make its recommendations to Board of Aldermen within ninety (90) days of the public hearing concerning the adoption of or amendment to economic development plans, economic development projects, or designations of an economic development area.
E. 
The Board of Aldermen shall have the final determination as to economic development plans, economic development projects, designations of economic development area, or the use and expenditure of any funds received from the tax imposed by authority of Section 67.1305, RSMo., however, no funds imposed by authority of Section 67.1305, RSMo., shall be expended unless and until recommendation is first sought from the Economic Development Tax Board and such expenditure has been approved by the Governing Body of the City of Edmundson.
F. 
With regard to consideration of plans, projects and areas before it, the Economic Development Tax Board may consider plans, projects and areas with include areas outside the boundaries of the City of Edmundson only if:
1. 
The City of Edmundson will receives significant economic benefit from the plan, project, or area designation; and
2. 
There has been established an agreement between the governing bodies of each City and County in which the plan, project, or area designation is located detailing the authority and responsibilities of each Governing Body with regard to the plan, project or area designation.
[Ord. No. 1277 §7, 7-13-2006]
The Economic Development Tax Board shall report at least annually to the Mayor and Board of Aldermen on the use of the funds provided under this Section and on the progress of any plan, project or designation adopted by the Board of Aldermen and shall make such report available to the public.