[CC 1985 § 2-170; Ord. No. 820 § 1, 8-2-2004]
The City Council hereby ratifies and confirms the creation of the commission established pursuant to the Act,[1] which shall be known as the "Tax Increment Financing Commission of St. James, Missouri" (the "TIF Commission").
[1]
Editor's Note: See the Real Property Tax Increment Allocation Redevelopment Act, § 99.800 et seq., RSMo.
[CC 1985 § 2-171; Ord. No. 820 § 2, 8-2-2004]
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. The City Council hereby authorizes and approves the exercise by the TIF Commission of only those powers that are required by the Act 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.
[CC 1985 § 2-172; Ord. No. 820 § 3, 8-2-2004]
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 Chapter 610, RSMo., as amended. The TIF Commission may establish rules and procedures not in conflict with City ordinances or policies of the Act and shall meet as required to fulfill its obligations set forth in the Act.
[CC 1985 § 2-173; Ord. No. 820 § 4, 8-2-2004]
The TIF 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. The members appointed by the other taxing jurisdictions as provided in the Act shall serve from the time that the affected school district 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.
[CC 1985 § 2-174; Ord. No. 820 § 5, 8-2-2004]
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.
[CC 1985 § 2-175; Ord. No. 820 § 6, 8-2-2004]
A. 
The City hereby adopts the following procedures for bids and proposals for the implementation of redevelopment projects:
1. 
The City or the TIF 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 of 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 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 fifteen (15) 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 TIF Commission may establish such additional criteria as it deems appropriate for the selection of bids and proposals.