[CC 1988 §27.900; Ord. No. 863 §1, 2-16-1993]
When used in this Article, the following words shall have the meaning herein indicated:
ACT
The Real Property Tax Increment Allocation Redevelopment Act, Sections 99.800 to 99.865, RSMo., 1986, as amended.
REDEVELOPMENT AREA
An area designated by a municipality, in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as a blighted area, a conservation area, an economic development area, an enterprise zone pursuant to Sections 135.200 to 135.256, RSMo., or a combination thereof, which area includes only those parcels of real property directly and substantially benefited by the proposed redevelopment project.
REDEVELOPMENT PLAN
The comprehensive program for redevelopment of an area intended by the payment of redevelopment costs to reduce or eliminate those conditions, the existence of which qualified the redevelopment area as a blighted area, conservation area, economic development area, or combination thereof, and thereby enhance the tax base of the taxing districts which extend into the redevelopment areas. Each redevelopment plan shall conform to the requirements of Section 99.810 of the Act.
REDEVELOPMENT PROJECT
Any development project within a redevelopment area in furtherance of the objectives of the redevelopment plan; any such redevelopment project shall include a legal description of the area selected for the redevelopment project.
TIF COMMISSION
The Tax Increment Financing Commission of the City of Lake Saint Louis as authorized pursuant to Section 99.820, RSMo., as amended.
[CC 1988 §27.910; Ord. No. 863 §1, 2-16-1993]
A. 
The establishment of a TIF Commission is hereby authorized pursuant to the Act. Members shall serve without compensation.
B. 
The TIF Commission shall serve as an advisory body to the Board of Aldermen as it relates to the consideration of tax increment financing proposals submitted by interested parties or initiated by any public agency in accordance with the Act. The TIF Commission shall hold public hearings and provide notice pursuant to Sections 99.825 and 99.830 of the Act on proposed redevelopment plans, redevelopment projects and designation of redevelopment areas, and amendment thereto. The TIF Commission shall vote on all proposed redevelopment plans, redevelopment projects and designations of redevelopment areas, and amendments thereto within thirty (30) days following completion of the hearing on any such plan, project, designation or amendment and shall make recommendations to the Board of Aldermen within ninety (90) days of the hearing referred to in Section 99.825 of the Act concerning adoption or amendment to redevelopment plans and redevelopment projects and designation of redevelopment areas.
[CC 1988 §27.920; Ord. No. 863 §1, 2-16-1993]
A. 
Membership on the TIF Commission shall consist of two (2) classes of members: City appointees and other appointees. The TIF Commission shall consist of nine (9) persons of which six (6) shall be City appointees and three (3) shall be other appointees.
B. 
City appointees shall be appointed by the Mayor with consent of the majority of the Board of Aldermen. Of the City appointees first (1st) appointed, two (2) shall be designated to serve for two (2) years, two (2) shall be designated to serve for a term of three (3) years and two (2) shall be designated to serve for a term of four (4) years from the date of the initial appointments. Thereafter, City appointees to the TIF Commission shall serve for a term of four (4) years except that all vacancies shall be filled for the unexpired terms in the same manner as were the original appointments.
C. 
Other appointees shall be appointed in the event that a redevelopment plan, redevelopment project or redevelopment area is proposed to be established or amended, two (2) other appointees shall be appointed by the school board whose district is included within the redevelopment plan or redevelopment area and one (1) other appointee shall be appointed by any manner agreed upon by the other affected taxing jurisdictions levying an ad valorem taxes within the contemplated redevelopment area selected to be included in a redevelopment plan, excluding the City of Lake Saint Louis. The term of other appointees shall consist of the period from the time that the affected school district and other taxing jurisdictions are notified in writing of a proposed redevelopment plan or designation of a redevelopment area until final approval or disapproval of the redevelopment plan, redevelopment project or designation of a redevelopment area by the Board of Aldermen in response to the initiating proposal.
D. 
In the event that the affected school district or the other taxing jurisdictions fail to appoint other appointees to the TIF Commission within thirty (30) days of receipt of written notice of a proposed redevelopment plan, redevelopment project, or designation of a redevelopment area, the remaining City appointees and other appointees may proceed to exercise the power of the TIF Commission.
[CC 1988 §27.930; Ord. No. 863 §1, 2-16-1993]
The TIF Commission shall elect among its number a Chairman, Vice Chairman and Secretary. Meetings of the TIF Commission shall be open to the public and the minutes of each meeting shall be kept. The TIF Commission shall have authority to establish rules and procedures not in conflict with City policies or the Act and shall meet as required to fulfill its obligations set forth in the Act. The TIF Commission shall keep records and minutes of its meetings and shall report annually to the Board of Aldermen respecting its activities.