[R.O. 2011 §140.040; Ord. No. 95-64 §1, 9-12-1995]
There is created pursuant to Section 99.820.2, RSMo., a commission to be known as the "Tax Increment Financing Commission of Riverside, Missouri", (the "Commission"). The Commission shall have continuous existence unless and until terminated by the adoption of an ordinance of the Board terminating it.
[R.O. 2011 §140.050; Ord. No. 95-64 §2, 9-12-1995; Ord. No. 1142 §1, 8-6-2012]
A. 
The Commission shall be composed of eleven (11) members to be appointed as follows:
1. 
Six (6) members shall be appointed by the Mayor of the City, with the consent of the Board of Aldermen.
2. 
Within thirty (30) days after the receipt of notice of a proposed redevelopment area, redevelopment plan or redevelopment project required by Section 99.830, RSMo., 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.
3. 
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 within the area selected for a redevelopment plan or redevelopment area, excluding the representatives of the Board of Aldermen.
4. 
Within thirty (30) days after the receipt of notice of a proposed redevelopment area, redevelopment plan or redevelopment project required by Section 99.830, RSMo., two (2) members shall be appointed by the Presiding Commissioner of Platte County, with the consent of members of the County Commission.
[R.O. 2011 §140.060; Ord. No. 95-64 §3, 9-12-1995; Ord. No. 1142 §2, 8-6-2012]
A. 
The terms of the members shall be as follows:
1. 
With regard to the term of the first six (6) members appointed by the Mayor with the consent of the Board:
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 terms of four (4) years.
Thereafter, members appointed by the Mayor with the consent of the Board 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 appointments.
2. 
The members who are appointed by the school board, County and other taxing districts 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.
[R.O. 2011 §140.070; Ord. No. 95-64 §4, 9-12-1995; Ord. No. 1142 §3, 8-6-2012]
Those Commission members who are appointed by the school boards, County 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.
[R.O. 2011 §140.080; Ord. No. 95-64 §5, 9-12-1995]
The Commission, upon the effective date of this Article (September 12, 1995), 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.
[R.O. 2011 §140.090; Ord. No. 95-64 §6, 9-12-1995]
The 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.