[Ord. No. 340, 9-12-2017]
There is hereby created a commission to be known as the "Tax
Increment Financing Commission of the City of Leadington, Missouri"
(the "TIF Commission").
[Ord. No. 340, 9-12-2017]
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 Board of Aldermen 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 of the Act[1] on proposed redevelopment plans, redevelopment projects
and designation of redevelopment areas and amendments thereto.
[1]
Editor's Note: Sections 99.825 and 99.830 of the Real Property
Tax Increment Allocation Redevelopment Act,
2.
The TIF Commission shall vote on all proposed redevelopment
plans, redevelopment projects and designations of redevelopment areas
and amendments thereto, and in connection therewith make a determination
as to the financial feasibility of the project to the extent required
by Section 99.810 of the Act. The vote shall occur within thirty (30)
days following completion of a hearing on any such plan, project designation
or amendment. The TIF Commission shall make recommendations to the
City within ninety (90) days of a hearing.
[Ord. No. 340, 9-12-2017]
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 of the Revised Statutes of Missouri, as amended. The TIF 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.
[Ord. No. 340, 9-12-2017]
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 Board of Aldermen, 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, county and other 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.
[Ord. No. 340, 9-12-2017]
It is the policy of the City to consider the use of tax increment
financing for those projects that 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.
[Ord. No. 340, 9-12-2017]
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, or notice thereof, shall be published
in a newspaper of general circulation in the City. No proposal received
by the City or the TIF Commission in response to a request for proposals
may be approved by the TIF Commission or the City until at least thirty
(30) days after the publication of the request for proposals.
3.
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.
The City or the TIF Commission shall provide reasonable opportunity
for any person to submit alternative proposals or bids.
[Ord. No. 340, 9-12-2017]
The City's staff and consultants are hereby authorized and directed to publish a request for proposals in substantially the form of Exhibit A, which is on file in the City offices, in accordance with the requirements of Section 130.190 for the purpose of soliciting redevelopment proposals for property in the vicinity of Highway 67 and Highway 32 in the City.
[Ord. No. 340, 9-12-2017]
Southeast Missouri Regional Planning and Economic Development
Commission and Gilmore and Bell, P.C., are hereby engaged to assist
in analyzing, preparing and reviewing a redevelopment plan and the
potential implementation of tax increment financing in the City.
[Ord. No. 340, 9-12-2017]
The TIF Commission is hereby convened for the purpose of considering
a redevelopment plan for property in the vicinity of Highway 67 and
Highway 32 in the City. The City's staff and consultants are hereby
directed and authorized to contact the applicable taxing districts
to request appointments to the TIF Commission and to take all actions
necessary or desirable to schedule meetings of the TIF Commission.
