[Ord. No. 385 § 150.010, 8-18-2015; Ord.
No. 535, 6-21-2023]
There is hereby created a commission to be known as the "Tax
Increment Finance Commission" (TIF Commission) of the City of Kimberling
City, Missouri.
[Ord. No. 385 § 150.020, 8-18-2015; Ord.
No. 535, 6-21-2023]
A. Appointment Of Members. The TIF Commission shall consist of eleven
(11) members, six (6) of whom shall be appointed by the Mayor with
the consent of the Board of Aldermen, and five (5) of whom shall be
appointed in accord with State Statute.
B. Terms Of Members. The members appointed by the Mayor shall serve
terms of four (4) years, except two (2) such members shall initially
be designated to serve for terms of two (2) years, two (2) members
shall initially be designated to serve for terms of three (3) years,
and two (2) members shall initially be designated to serve for terms
of four (4) years. The members appointed by the other taxing jurisdictions
as provided by State Statute 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.
C. Organization Of TIF Commission. The TIF Commission shall elect from
among its members a Chairman, Vice Chairman and Secretary. Meetings
of the TIF Commission shall be open to the public to the extent provided
by law and a record shall be kept of each meeting. The City Clerk
is hereby designated as the custodian of records of the TIF Commission
for purposes of Ch. 610, RSMo., as amended. The TIF Commission may
establish rules and procedures not in conflict with City ordinances
or policies or State Statute and shall meet as required to fulfill
its obligations set forth in State Statute.
D. The Board of Aldermen may remove any citizen member for cause stated
in writing and explained in a Board meeting.
[Ord. No. 385 § 150.030, 8-18-2015; Ord.
No. 535, 6-21-2023]
A. Purpose And Powers. The TIF 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 State Statute. The Board
of Aldermen hereby authorizes and approves the exercise by the TIF
Commission of only those powers that are required by State Statute
to be exercised by the TIF Commission as follows:
1.
The TIF Commission shall hold public hearings and give notices
pursuant to Sections 99.825 and 99.830, RSMo., on proposed redevelopment
plans, redevelopment projects and designation of redevelopment areas
and amendments thereto.
2.
The TIF 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, RSMo., concerning adoption
of or amendment to redevelopment plans, redevelopment projects and/or
designation of redevelopment areas.
3.
If requested by the Board of Aldermen, the TIF Commission shall
request proposals in accordance with the procedures set forth herein.
B. General Policy Regarding Tax Increment Financing. 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 resulting from one (1) or more of the following: 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.