[Ord. No. 933 §1, 10-3-2011]
A. Not
less than ten (10) days before a public hearing to consider a redevelopment
plan that provides for tax abatement or tax exemption pursuant to
Chapter 353, RSMo., the City shall furnish to the political subdivisions
whose boundaries for ad valorem taxation purposes include any property
to be affected by tax abatement:
1. Notice of the scheduled public hearing, which shall include:
a. The time, date, and place of the public hearing;
b. A general description of the boundaries of the proposed redevelopment
area;
c. A general description of the proposed redevelopment plan;
d. An invitation to submit comments to the City Council prior to the
date of the public hearing concerning matters that will be discussed
at the public hearing, and to appear at the public hearing and provide
comments; and
e. A statement that all interested persons and all political subdivisions
will have the opportunity to be heard on such grant of tax abatement
or exemption; and
2. A written statement of the impact on ad valorem taxes such tax abatement
or exemption will have on the political subdivisions, which shall
be prepared by or at the direction of the applicant and shall include
an estimate of the amount of ad valorem tax revenues of each political
subdivision which will be affected by the proposed tax abatement or
exemption, based on the estimated assessed valuation of the real property
involved as such property would exist before and after it is redeveloped.