[R.O. 1991 § 415.010; Ord. No. 631 § II, 7-9-1991]
The City of Vandalia, as authorized
by Section 349.025, RSMo., does upon petition, hereby create the Vandalia
Industrial Development Corporation. Such Corporation shall have the
power to spend City funds, with the approval of the Board of Aldermen,
to promote commercial and industrial development and, in order to
achieve such promotion, to engage in any activities, either on its
own or in conjunction and by contract with any not for profit organization
which it deems necessary to carry on such promotional work.
[R.O. 1991 § 415.020; Ord. No. 631 § II, 7-9-1991]
A.
The Articles of Incorporation of the Vandalia
Industrial Development Corporation shall set forth:
1.
The names and residences of the applicants
together with recital that each of them is an elector of and taxpayer
in the City of Vandalia;
2.
The name of the Corporation, which
shall be the Industrial Development Authority of the City of Vandalia;
3.
A recital that permission to organize
the Corporation had been granted by order or resolution duly adopted
by the Board of Aldermen of the City of Vandalia and the date of the
adoption of such order or resolution;
4.
The location of the principal office
of the Corporation (which shall be the City of Vandalia);
5.
The purpose for which the Corporation
is proposed to be organized;
6.
The number of directors of the organization;
7.
The period, if any, for the duration
of the Corporation;
8.
Any other matter which the applicants
may choose to insert therein which shall not be inconsistent with
this Chapter or with the laws of the State of Missouri.
B.
The Articles of Incorporation shall be
subscribed and acknowledged by each of the applicants before an officer
authorized by the laws of Missouri to take acknowledgements to deeds.
[R.O. 1991 § 415.030; Ord. No. 631 § II, 7-9-1991]
The Articles of Incorporation may
at any time and from time to time be amended so as to make any changes
therein and add any provisions thereto which might have been included
in the Articles of Incorporation in the first instance. Any such amendment
shall be effected in the following manner: The members of the Board
of Directors of the Corporation shall file with the Board of Aldermen
an application in writing seeking permission to amend the Articles
of Incorporation, specifying in such application the amendment proposed
to be made. The Board of Aldermen shall consider such application
and, if they find it wise, expedient, necessary or advisable that
the proposed amendment be made and shall authorize the same to be
made and shall approve the form of the proposed amendment, then the
persons making such application shall execute an instrument embodying
the amendment specified in such application, and shall file the same
with the Secretary of State. When such amendment has been so made,
filed and approved, it shall thereupon become effective and the Articles
of Incorporation shall thereupon be amended to the extent provided
in the amendment. The Articles of Incorporation shall not be amended
except in the manner provided in this Section.
[R.O. 1991 § 415.040; Ord. No. 631 § II, 7-9-1991]
The Corporation shall have a Board
of Directors in which all the powers of the Corporation shall be vested
and which shall consist of any number of Directors, not less than
five (5), all of whom shall be duly qualified electors of and taxpayers
in the City of Vandalia. The Directors shall serve as such without
compensation except that they shall be reimbursed for their actual
expenses incurred in and about the performance of their duties hereunder.
The Directors shall be resident taxpayers for five (5) years immediately
prior to their appointment. No Director shall be an officer or employee
of the City. All Directors shall be appointed by the Mayor with the
advice and consent of a majority of the Board of Aldermen. At the
time of appointment of the first Board of Directors, the Board of
Aldermen shall divide the Directors into three (3) groups containing
as nearly equal whole numbers as may be possible. The first term of
the Directors included in the first group shall be two (2) years,
the first term of the Directors included in the second group shall
be four (4) years, and the first term of the Directors in the third
group shall be six (6) years; provided that if at the expiration of
any term of office of any Director a successor thereto shall not have
been appointed, then the Director whose term of office shall have
expired shall continue to hold office until his/her successor shall
be appointed by the Mayor with the advice and consent of the Board
of Aldermen. The successors shall be resident taxpayers for five (5)
years immediately prior to their appointment.
[R.O. 1991 § 415.050; Ord. No. 631 § II, 7-9-1991]
A.
The Corporation is hereby granted and may
exercise all powers necessary or appropriate to carry out and effectuate
its purposes, including, but not limited to, the following:
1.
To adopt bylaws and rules for the
regulation of its affairs and conduct of its business;
2.
To adopt an official seal;
3.
To sue and be sued;
4.
To promote and solicit industrial
and economic development projects as authorized by Section 349.010,
RSMo., and to make and execute leases, contracts, releases, compromises
and other instruments necessary or convenient for the exercise of
its powers or to carry out its purposes;
5.
To acquire, whether by purchase,
exchange, gift, lease or otherwise, and improve, maintain, equip and
furnish one (1) or more projects, including all real and personal
properties which the Board of Directors of the Corporation may deem
necessary in connection therewith and regardless of whether or not
any such projects shall then be in existence;
6.
To lease to others any of its projects
and to charge and collect rent therefor and to terminate any such
lease upon the failure of the lessee to comply with any of the obligations
thereof; and to include in any such lease, if desired, a provision
that the lessee thereof shall have an option to purchase the project;
or
7.
To sell, assign, mortgage, grant
a security interest in, exchange, donate and convey any or all of
its properties whenever its Board of Directors shall find such action
to be furtherance of the purposes for which the Corporation was organized;
8.
To loan the proceeds of the bonds
or temporary notes hereinafter authorized to provide for the purchase,
construction, extension and improvement of projects;
9.
To issue bonds and temporary notes
as hereinafter provided;
10.
To employ and pay compensation to
such employees and agents, including attorneys and others of like
professional skills and abilities, as the Board of Directors shall
deem necessary for the business of the Corporation;
11.
To invest any funds not required
for immediate disbursement in obligations of the State of Missouri
or of the United States or any agency or instrumentality thereof,
or in bank certificates of deposit;
12.
To acquire by gift or purchase, hold
and dispose of real and personal property in the exercise of its powers
and the performance of its duties hereunder;
13.
To receive and accept appropriations,
gifts and grants and utilize or dispose of the same to carry out its
purposes;
14.
To collect rentals, fees and other
charges in connection with its services or for the use of any project;
15.
To sell at private sale any of its
property or projects to any private Corporation, person, firm or to
any public body, political subdivision or municipal Corporation on
such terms as it deems advisable, including the right to receive for
such sale the note or notes of any such person to whom the sale is
made. Any such sale shall provide for payments adequate to pay the
principal of, and interest and premiums, if any, on the bonds issued
to finance such project or portion thereof. Any such sale may provide
for the construction of the project by the purchaser of the project.
It shall not be necessary for the Corporation to acquire title to
any project.
[R.O. 1991 § 415.060; Ord. No. 631 § II, 7-9-1991]
Nothing herein contained shall impair
or affect the power or jurisdiction of the City of Vandalia and the
Corporation shall conform to all applicable regulations of the City.
[R.O. 1991 § 415.070; Ord. No. 631 § II, 7-9-1991]
There shall be created, as a result
of this Chapter, the office of Economic Development Director for the
City of Vandalia. Such officer shall be employed by the Mayor with
the approval of the Board of Aldermen.
[R.O. 1991 § 415.080; Ord. No. 631 § II, 7-9-1991]
A.
A qualified person shall be appointed Economic
Development Director to be a full-time employee of the City of Vandalia.
A joint committee of the Board of Aldermen and the Industrial Development
Board of Directors shall serve as a committee for the purposes of
interviewing and selecting such person. The joint committee shall
make a recommendation to the Board of Aldermen regarding a hiring
decision. Upon such a recommendation, the Board of Aldermen may or
may not approve such person, but if it chooses to, such person shall
be appointed by a majority vote of the Board of Aldermen. The person
so appointed shall serve an indefinite term.
B.
The Economic Development Director of the
City of Vandalia shall be responsible to and accountable to the Industrial
Development Authority Board, who shall serve in an advisory and policy-making
capacity to the Board of Aldermen.
[R.O. 1991 § 415.090; Ord. No. 631 § II, 7-9-1991]
The person appointed to the office
of Economic Development Director shall be at least twenty-one (21)
years of age, shall become a resident of the City of Vandalia within
a reasonable time following the appointment, and shall be a graduate
of an accredited university or college, majoring in public or municipal
administration, or shall have equivalent experience in other related
fields.
[R.O. 1991 § 415.100; Ord. No. 631 § II, 7-9-1991]
The Economic Development Director
shall receive such compensation as may be recommended by the Industrial
Development Board of Directors and approved by the Board of Aldermen
from time to time and compensation shall be payable weekly. The Mayor,
with the consent of the Board of Aldermen, may provide benefits (upon
the hiring of the Economic Development Director) outside the normal
terms of this City Code.
[R.O. 1991 § 415.110; Ord. No. 631 § II, 7-9-1991]
A.
The Director of Economic Development for
the City of Vandalia is responsible for providing leadership to the
overall Economic Development Program for the City of Vandalia, including
assessment, planning, implementation and evaluation. In pursuit of
those duties and responsibilities, the Economic Development Director
of the City of Vandalia shall:
1.
Act as the head of the Office of
Economic Development as well as serve in a secretarial capacity for
that office.
2.
Develop and implement an economic
development plan pursuant to the advisory policies of the Industrial
Development Board of Directors and shall render monthly and annual
reports of program accomplishments.
3.
Assist the Industrial Development
Board of Directors and the City Administrator in developing an annual
operating budget for the Economic Development Program.
4.
Involve local government officials,
community leaders and other local groups in the identification and
planning of economic development activities.
5.
Encourage the use of leadership and
organization skills and alternative approaches to problem solving
by local government officials, community leaders and other local groups
involved in economic development activities.
6.
Gather, organize and maintain such
information as may be required to promote economic development and
attract new business and industry to the City of Vandalia, including,
but not limited to compiling labor statistics, data on resources available
in the City and promotional material to attract economic development.
7.
Develop contacts and assist in inter-agency
efforts to attract new business and industry to Vandalia.
8.
Locate and recruit additional expertise
and assistance which would benefit local governmental officials, community
leaders and other local groups in analyzing issues of economic development
and growth and solving problems relative to the same.
9.
Work directly with the Vandalia Area
Chamber of Commerce, the Industrial Development Board of Directors,
the Missouri Department of Economic Development, University Extension,
the news media, area tourism groups and other groups and individuals
interested in promoting the economic development of the City of Vandalia.
Attendance at Chamber of Commerce, Industrial Development and Community
Betterment meetings is required.
10.
Provide grant administration and
assistance to new and expanding business and industry.
11.
Serve as a focal point for specific
economic development requests and assistance from local government
officials, community leaders and other local groups and to new and
existing business and industry in Vandalia.
12.
Participate in relevant professional
and regional organizations as may be directed by the Industrial Development
Board of Directors.
13.
Attend such meetings, conventions
and impact trips as the Industrial Development Board of Directors
may deem acceptable and as budgeted funds allow for.
14.
Perform all other such duties as
the Industrial Development Board of Directors may deem necessary and
appropriate for the purposes of economic development within the City
of Vandalia.
