[Ord. No. 2295, 10-4-2016]
A. 
There is hereby created an economic development tax board to be known as the "Economic Development Tax Board of the City of Warrenton, Missouri" (the Tax Board"). The Tax Board shall serve as an advisory board to the City as it relates to the consideration of an economic development tax plan in connection with the imposition of the Economic Development Sales Tax in accordance with Section 67.1305, RSMo., (the "Economic Development Sales Tax Act"). The Board of Aldermen hereby authorizes and approves the exercise by the Tax Board of only those powers that are required by the Economic Development Sales Tax Act to be exercised by the Tax Board, as follows:
1. 
The Tax Board shall hold public hearings and give notices pursuant to Section 67.1305.13 of the Economic Development Sales Tax Act on proposed economic development tax plans, economic development projects or designations of economic development areas and any amendments thereto.
2. 
The Tax Board shall vote on all proposed economic development tax plans, economic development projects or designations of economic development areas and any 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 67.1305.13 of the Economic Development Sales Tax Act concerning adoption of or amendment to economic development tax plans, economic development projects or designations of economic development areas.
B. 
The Tax Board shall consist of five (5) members, three (3) of whom shall be appointed by the Mayor with the consent of a majority of the Board of Aldermen, and two (2) of whom shall be appointed as provided in the Economic Development Sales Tax Act. The members appointed by the Mayor shall serve initial terms of two (2) years, and the remaining members shall be designated to serve for a term of four (4) years from the date of such initial appointments. Thereafter, the members appointed shall serve for a term of four (4) years, except that all vacancies shall be filled for unexpired terms in the same manner as were the original appointments. The appropriate officials of the City are hereby directed to provide notice to Warren County and the Warren County R-III School District of the establishment of the Tax Board in the manner required by the Economic Development Sales Tax Act.
C. 
The Tax Board shall elect from among its members a Chairman, Vice-Chairman and Secretary. Meetings of the Tax Board shall be open to the public to the extent provided by law and a record shall be kept of each meeting. The City Clerk shall serve as the custodian of records of the Tax Board. The Tax Board may establish rules and procedures not in conflict with City ordinances or policies or the Economic Development Sales Tax Act and shall meet as required to fulfill its obligations set forth in the Economic Development Sales Tax Act.
D. 
The appropriate officials of the City are hereby directed to assist the Tax Board in a manner necessary to insure that the Tax Board fulfills its reporting obligations as set forth in the Economic Development Sales Tax Act.