[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:
The Real Property Tax Increment Allocation Redevelopment
Act, Sections 99.800 to 99.865, RSMo., 1986, as amended.
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.
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.
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.
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.
