[CC 1990 §170.010; Ord. No. 96.076 §1, 12-9-1996]
There is hereby created a Commission to be known as the Tax
Increment Financing Commission of the City of Desloge which TIF Commission
shall have continuous and perpetual existence unless and until terminated
by an action of the Board of Aldermen.
[CC 1990 §170.020; Ord. No. 96.076 §2, 12-9-1996]
The TIF Commission of the City shall consist of nine (9) members
and the composition and organization of the TIF Commission shall be
in accordance with Section 99.820.2 of the TIF Act.
[CC 1990 §170.030; Ord. No. 96.076 §3, 12-9-1996]
The TIF Commission shall serve as an advisory body to the City
as it relates to consideration of tax increment financing proposals
submitted by interested parties or initiated by any public agency
in accordance with the TIF Act. The TIF Commission shall hold public
hearings and give notice pursuant to Sections 99.825 and 99.830 of
the TIF Act on proposed redevelopment plans, redevelopment projects
and designation of all proposed redevelopment plans, redevelopment
projects and designations of redevelopment areas and amendments thereto,
within the time period prescribed in the TIF Act modified by this
Chapter.
[CC 1990 §170.040; Ord. No. 96.076 §4, 12-9-1996]
The TIF Commission shall organize itself and elect from its
number a Chairman, Vice Chairman, and Secretary each to serve for
one (1) year terms or until their successors are elected.
[CC 1990 §170.050; Ord. No. 96.076 §6, 12-9-1996]
The TIF Commission shall meet regularly and shall adopt such
rules and regulations for its operation as shall enable it to maintain
an orderly procedure for its business and to effectively and efficiently
exercise the powers authorized by the TIF Act and delegated to it
by the Board of Aldermen.
[CC 1990 §170.060; Ord. No. 96.076 §7, 12-9-1996]
The TIF Commission shall keep records and minutes of its meetings
and shall report annually to the Board of Aldermen respecting its
activities.