[CC 2001 §2.56.010; Ord. No. 1.50 §1, 2-12-1998]
There is created a Commission to be known as the Tax Increment
Financing Commission of the City which TIF Commission shall have continuous
and perpetual existence unless and until terminated by an action of
the City Council.
[CC 2001 §2.56.020; Ord. No. 1.50 §2, 2-12-1998]
The TIF Commission of the City shall consist of eleven (11)
members and the composition and organization of the TIF Commission
shall be in accordance with Section 99.820.2 of the TIF Act.
[CC 2001 §2.56.030; Ord. No. 1.50 §3, 2-12-1998]
The TIF Commission shall serve as an advisory body to the City
as it relates to consideration of tax increment financing proposals
submitted by interested parties or initiated by any public agency
in accordance with the TIF Act. The TIF Commission shall hold public
hearings and give notice pursuant to Sections 99.825 and 99.830 of
the TIF Act on proposed redevelopment plans, redevelopment projects
and designation of all proposed redevelopment areas and redevelopment
projects, including amendments thereto, within the time periods prescribed
in the TIF Act.
[CC 2001 §2.56.040; Ord. No. 1.50 §4, 2-12-1998]
The TIF Commission, upon effective date of the ordinance codified
in this Chapter, shall organize itself and elect from its number a
Chairperson, Vice Chairperson and Secretary each to serve for one
(1) year terms or until their successors are elected.
[CC 2001 §2.56.050; Ord. No. 1.50 §6, 2-12-1998]
The TIF Commission shall meet regularly and shall adopt such
rules and regulations for its operation as shall enable it to maintain
an orderly procedure for its business and to effectively and efficiently
exercise the powers authorized by the TIF Act and delegated to it
by the City Council.
[CC 2001 §2.56.060; Ord. No. 1.50 §7, 2-12-1998]
The TIF Commission shall keep records and minutes of its meetings
and shall report annually to the City Council respecting its activities.
