[Ord. No. 8482, 6-3-2019]
There is created, pursuant to Section 99.820.2 of the Real Property
Tax Increment Allocation Redevelopment Act, a commission to be known
as the "Tax Increment Financing Commission of Marshall, Missouri"
(the "Commission"). The Commission shall have continuous existence
unless and until terminated by the adoption of an ordinance of the
City Council of the City terminating it.
[Ord. No. 8482, 6-3-2019]
The Commission shall be composed of eleven (11) members to be
appointed as follows:
A.
Within thirty (30) days after the receipt of notice
of a proposed redevelopment area, redevelopment plan or redevelopment
project required by Section 99.830 of the Act, two (2) members shall
be appointed by the school boards, whose districts are included within
such redevelopment plan or redevelopment area. The manner of selection
of the members is left to the discretion of the affected district(s).
B.
Within thirty (30) days after the receipt of notice
of a proposed redevelopment area, redevelopment plan or redevelopment
project required by Section 99.830 of the Act, two (2) members shall
be appointed by the county containing such redevelopment area, the
appointment of such members being in the manner required by the Act.
C.
Within thirty (30) days after receipt of the mailed
notice required by Section 99.830 of the Act, notice of a proposed
redevelopment area, redevelopment plan or redevelopment project, one
(1) member shall be appointed, in any manner agreed upon by the affected
districts, to represent all other districts levying ad valorem taxes
(excluding the representatives of the City Council of the City) within
the area selected for a redevelopment plan or redevelopment area.
D.
Six (6) members shall be appointed by the Mayor of
the City, with the consent of the City Council.
[Ord. No. 8482, 6-3-2019]
The terms of the members shall be as follows:
A.
The members who are appointed by the school board,
county and other taxing districts shall serve on the Commission for
a term which coincides with the length of time such redevelopment
project, redevelopment plan or the designation of the redevelopment
area for which they were appointed is being considered for approval
by the Commission. Such term will terminate upon final approval of
such redevelopment project, redevelopment plan or designation of the
redevelopment area by the City Council.
B.
Members Appointed By Mayor.
1.
With regard to the term of the first six (6)
members appointed by the Mayor with the consent of the City Council:
2.
Thereafter, members appointed by the Mayor
with the consent of the City Council shall serve for a term of four
(4) years. (All vacancies shall be filled for the unexpired terms
in the same manner as were the original appointment.)
[Ord. No. 8482, 6-3-2019]
Those Commission members who are appointed by the school boards,
county or other taxing districts shall only be authorized to vote
on matters specifically and directly relating to the redevelopment
plan, redevelopment project or redevelopment area upon which their
affected taxing districts levy ad valorem taxes.
[Ord. No. 8482, 6-3-2019]
The City authorizes the Commission to exercise all the powers
enumerated under the Act, except the final approval of plans, projects
and the designation of redevelopment areas.
[Ord. No. 8482, 6-3-2019]
The Commission, upon the effective date of this Article, shall
organize itself and elect from its number a Chairman, Vice Chairman,
Treasurer and Secretary, each to serve for one-year terms or until
their successors are elected.
[Ord. No. 8482, 6-3-2019]
The Tax Increment Financing Commission shall meet regularly
and shall adopt such rules and regulations for operation as shall
enable it to maintain an orderly procedure for its business and to
effectively and efficiently exercise the powers authorized by the
statute and delegated to it by the City Council.
[Ord. No. 8482, 6-3-2019]
The Commission shall keep records and minutes of its meetings
and shall report annually to the City Council with regard to its activities.
