[1]
Editor's Note — Ord. no. 1698, adopted March 5, 2010, amended and restated ord. no. 1281 of the city of Rock Hill to reconstitute the city's tax increment financing commission and convened said commission to consider the removal of certain properties from the redevelopment area known as RPA2 and located at the northwest corner of Manchester and McKnight Roads. Consequently ord. no. 1698 has enacted the new provisions set out herein. Former article II "tax increment financing commission" derived from ord. no. 1281 §§1 — 5, 1-3-1995; ord. no. 1385 §§1 — 2, 9-22-1998.
Cross Reference — Ord. no. 1544 enacted January 25, 2005, sets out the policies and procedures for redevelopment project bids and proposals and is on file in the city offices.
[Ord. No. 1698 §1, 3-5-2010; Ord. No. 1757 §1, 10-4-2012]
A. 
There is hereby established the Tax Increment Financing Commission of the City of Rock Hill, Missouri (the "TIF Commission"). The TIF Commission shall consist of twelve (12) members.
1. 
Members to the TIF Commission shall be appointed in the manner set forth in Section 99.820, RSMo., as amended.
[1]
Editor's Note — Ord. No. 1757 §1, adopted October 4, 2012, supersedes Section 120.060 "Terms of Members". Former Section 120.060 derived from Ord. No. 1698 §2, 3-5-2010.
[Ord. No. 1698 §3, 3-5-2010]
A. 
The TIF Commission shall have the following duties:
1. 
Hold public hearings required by the TIF Act on any proposed redevelopment plan, redevelopment project, designation of a redevelopment area or any amendments thereto. The TIF Commission shall fix a time and place for such public hearing within fifteen (15) days from receipt of a redevelopment plan meeting the minimum requirements of Section 99.810 of the TIF Act, as determined by counsel to the City. Such public hearing shall take place no later than seventy-five (75) days from receipt of the redevelopment plan.
2. 
Provide all notices as required by the TIF Act.
3. 
Vote and make recommendations to the Board of Aldermen on all proposed redevelopment plans, redevelopment projects, designations of redevelopment areas and amendments thereto within thirty (30) days following the completion of the public hearing. If the TIF Commission fails to vote within thirty (30) days following the completion of the public hearing referred to in Section 99.825 of the TIF Act concerning the proposed redevelopment plan, redevelopment project or designation of redevelopment area, or any amendments thereto, such plan, project, designation or amendment thereto shall be deemed rejected by the TIF Commission.
[Ord. No. 1698 §4, 3-5-2010]
As of the effective date of this Article, the TIF Commission established pursuant to this Article shall assume all outstanding obligations of any previously established Tax Increment Financing Commission of the City and any such previously established Tax Increment Financing Commission shall cease to exist.