[R.O. 2011 §150.010; Ord. No. 644 §1, 2-15-1993]
A. The
Board of Aldermen of the City hereby finds that it is necessary and
desirable to create a Tax Increment Finance Commission for the City
(hereinafter the "Commission") to consist of nine (9) members. The
membership of the Commission shall be divided into two (2) classifications.
Six (6) of the members of the Commission shall be Class I members
which are to be appointed by the Mayor of the City with the approval
of a majority of the Board of Aldermen. Of the Class I members to
be originally appointed, two (2) shall be designated at the time of
their appointment to serve for a term of 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 their original appointment. Following the original appointments,
the Class I members shall be appointed for terms of four (4) years.
The Board of Aldermen hereby approves the appointment of the Class
I members and their respective terms as shown on exhibit "A" which
is on file in the City Clerk's office.
B. Three
(3) of the members of the Commission shall be Class II members. Two
(2) of the Class II members shall be appointed by the school boards
of the school districts which are included within the proposed economic
development area. These two (2) members shall be appointed in any
manner agreed upon by the affected districts. The other Class II member
shall be appointed to represent all other districts levying ad valorem
taxes within the area selected as the proposed economic development
area. This member shall be appointed in any manner agreed upon by
the affected districts. If any of the Class II members are not appointed
as herein provided within thirty (30) days after the creation of the
Commission, the Class II members which are appointed, if any, with
the Class I members appointed, shall exercise all powers of the Commission.
The term of office of the Class II members shall coincide with the
length of time a redevelopment project or area is considered for approval
by the Commission and shall terminate upon the final approval by the
Board of Aldermen of the project, plan and designation of the development
area. Thereafter, the only members of the Commission shall consist
of Class I members, unless the project, plan or designated area is
changed or amended, in which event Class I shall be appointed to the
Class II membership as herein provided prior to consideration of such
change or amendment.
[R.O. 2011 §150.020; Ord. No. 644 §2, 2-15-1993]
The Commission shall exercise such of the powers contained in
the Act as shall be designated from time to time by the Board of Aldermen
except final approval of plans, projects and designation of redevelopment
areas which powers cannot be delegated by the Board of Aldermen. At
the direction of the Board of Aldermen, the Commission shall fix a
time and place for a public hearing and notify each taxing district
located wholly or partially within the boundaries of the proposed
redevelopment area, plan or project. The Commission shall receive
from interested persons or affected taxing districts written objections
to and will orally hear any issue covered by the Notice of Hearing.
The Commission shall give Notice of Hearing in the manner specified
in Section 99.825, RSMo. The Commission shall vote on all proposed
redevelopment plans, redevelopment projects and designations of redevelopment
areas and amendments thereto within thirty (30) days following the
completion of the public hearing on any such plan, project or designation
and shall make recommendations to the Board of Aldermen within ninety
(90) days of the date of the public hearing concerning the adoption
of, or amendment to redevelopment plans and redevelopment projects
and the designation of redevelopment areas.