[Ord. No. 663-95 §§1 —
8, 5-1-1995]
A. There
is created pursuant to Section 99.820.2 of the Act a Commission to
be know as the "Tax Increment Financing Commission of Kearney, Missouri"
(the "Commission"). The Commission shall have continuous existence
unless and until terminated by the adoption of an ordinance of the
Board of Aldermen of the City terminating it.
B. The
Commission shall be composed of nine (9) members to be appointed as
follows:
1. Within thirty (30) days after the receipt of notice of a proposed
redevelopment area, redevelopment plan or redevelopment project required
by Section 99.830 of the Act, two (2) members shall be appointed by
the school boards whose districts are included within such redevelopment
plan or redevelopment area. The manner of selection of the members
is left to the discretion of the affected districts.
2. Within thirty (30) days after receipt of the mailed notice required
by Section 99.830 of the Act, notice of a proposed redevelopment area,
redevelopment plan or redevelopment project, one (1) member shall
be appointed, in any manner agreed upon by the affected districts,
to represent all other districts levying ad valorem taxes (excluding
the representatives of the Board of Aldermen of the City) within the
area selected for a redevelopment plan or redevelopment area.
3. Six (6) members shall be appointed by the Mayor of the City with
the consent of the Board of Aldermen.
C. The
terms of the members shall be as follows:
1. The members who are appointed by the school board and other taxing
district shall serve on the Commission for a term which coincides
with the length of time such redevelopment project, redevelopment
plan or the designation of the redevelopment area for which they were
appointed is being considered for approval by the Commission. Such
term will terminate upon final approval of such redevelopment project,
redevelopment plan or designation of the redevelopment area by the
Board of Aldermen.
2. With regard to the term of the first six (6) members appointed by
the Mayor with the consent of the Board of Aldermen:
a. Two (2) shall be designated to serve for terms of two (2) years;
b. Two (2) shall be designated to serve for terms of three (3) years;
and
c. Two (2) shall be designated to serve for terms of four (4) years.
3. Thereafter, members appointed by the Mayor with the consent of the
Board of Aldermen shall serve for a term of four (4) years. (All vacancies
shall be filled for the unexpired terms in the same manner as were
the original appointment.)
D. Those
Commission members who are appointed by the school boards or other
taxing districts shall only be authorized to vote on matters specifically
and directly relating to the redevelopment plan, redevelopment project
or redevelopment area upon which their affected taxing districts levy
ad valorem taxes.
E. The
City authorizes the Commission to exercise all the powers enumerated
under the Act, except the final approval of plans, projects and the
designation of redevelopment areas.
F. The
Commission, upon the effective date of this Article, shall organize
itself and elect from its number a Chairman, Vice Chairman, Treasurer
and Secretary, each to serve for one (1) year terms or until their
successors are elected.
G. The
Tax Increment Financing Commission shall meet regularly and shall
adopt such rules and regulations for operation as shall enable it
to maintain an orderly procedure for its business and to effectively
and efficiently exercise the powers authorized by the Statute and
delegated to it by the Board of Aldermen.
H. The
Commission shall keep records and minutes of its meetings and shall
report annually to the City Council with regard to its activities.