[R.O. 1993 § 145.010; Ord. No.
2534 § 1, 10-14-2003]
There is hereby created a commission to be known as the "Tax
Increment Financing Commission of the City of Charleston, Missouri"
(the "Commission").
[R.O. 1993 § 145.020; Ord. No.
2534 § 2, 10-14-2003]
A.
The
Commission shall serve as an advisory board to the City 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.[1] The City Council hereby authorizes and approves the exercise
by the Commission of only those powers that are required by the Act
to be exercised by the Commission, as follows:
1.
The Commission shall hold public hearings and give notices pursuant
to Sections 99.825 and 99.830 of the Act on proposed redevelopment
plans, redevelopment projects and designation of redevelopment areas
and amendments thereto.
2.
The 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 a hearing on any such
plan, project designation or amendment and shall make recommendations
to the City within ninety (90) days of a hearing referred to in Section
99.825 of the Act concerning adoption of or amendment to redevelopment
plans, redevelopment projects and/or designation of redevelopment
areas.
[1]
Editor's Note: See Missouri Tax Increment Financing Act, RSMo.
§ 99.800 et seq.
[R.O. 1993 § 145.030; Ord. No.
2534 § 3, 10-14-2003]
The Commission shall elect from among its members a Chairman,
Vice Chairman and Secretary. Meetings of the Commission shall be open
to the public to the extent provided by law and a record shall be
kept of each meeting. The Commission may establish rules and procedures
not in conflict with City ordinances or policies or the Act and shall
meet as required to fulfill its obligations set forth in the Act.
[R.O. 1993 § 145.040; Ord. No.
2534 § 4, 10-14-2003]
The Commission shall consist of eleven (11) members, six (6)
of whom shall be appointed by the Mayor with the consent of a majority
of the City Council and five (5) of whom shall be appointed as provided
in the Act. The members appointed by the Mayor shall serve terms of
four (4) years, except two (2) of the initial appointments shall be
for a term of two (2) years and two (2) of the initial appointments
shall be for a term of three (3) years. The members appointed by the
other taxing jurisdictions as provided in the Act shall serve from
the time that the affected school district(s) and other affected 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 City. The appropriate officials of
the City are hereby directed to provide notice to other taxing districts
of the establishment of the Commission in the manner required by the
Act.
[R.O. 1993 § 145.050; Ord. No.
2534 § 5, 10-14-2003]
It shall be the policy of the City to consider the use of tax
increment financing for those projects which demonstrate a substantial
and significant public benefit by eliminating blight, financing desirable
public improvements, strengthening the employment and economic base
of the City and other taxing jurisdictions, increasing property values,
reducing poverty, creating economic stability, upgrading older neighborhoods
and areas, and facilitating economic self-sufficiency.
[R.O. 1993 § 145.060; Ord. No.
2534 § 6, 10-14-2003]
A.
The
City hereby adopts the following procedures for bids and proposals
for the implementation of redevelopment projects:
1.
The City or the Commission shall solicit proposals with respect to
the implementation of each proposed redevelopment project.
2.
Each request for proposals shall state the primary objectives of
the proposed redevelopment area or redevelopment project.
3.
Each request for proposals shall provide reasonable opportunity for
any person to submit alternative proposals or bids.
4.
Each request for proposals shall be mailed to those persons or firms
which the City or the City's planning consultant determines might
be interested in submitting a bid and shall be published in a newspaper
of general circulation in the City. Each request for proposals shall
provide at least thirty (30) days for the submission of a proposal.
5.
Each proposal must demonstrate that "but for" the use of tax increment
financing, the project is not feasible and would not be completed.
6.
Criteria for the selection of proposals will include the impact of
the proposed project on the City and other taxing jurisdictions, including
the projected term for which tax increment financing will be utilized.
The City or the Commission may establish such additional criteria
as it deems appropriate for the selection of bids and proposals; provided,
such criteria shall be generally stated in the request for proposals.
