[Ord. No. 7302 §§1 —
4, 5-23-2006]
A.
Not less
than fifteen (15) days before a public hearing to consider a redevelopment
plan that provides for tax abatement or tax exemption pursuant to
Chapter 353, RSMo., the City shall furnish to the political subdivisions
whose boundaries for ad valorem taxation purposes include any portion
of the property to be affected by tax abatement:
1.
Notice
of the scheduled public hearing, which shall include:
a.
The
time, date and place of the public hearing;
b.
A
general description of the boundaries of the proposed redevelopment
area;
c.
A
general description of the proposed redevelopment plan;
d.
An
invitation to submit comments to the City Council prior to the date
of the public hearing concerning matters that will be discussed at
the public hearing and to appear at the public hearing and provide
comments; and
e.
A
statement that all interested persons and all political subdivisions
will have the opportunity to be heard on such grant of tax abatement
or exemption; and
2.
A written
statement of the impact on ad valorem taxes such tax abatement or
exemption will have on the political subdivisions, which shall be
prepared by or at the direction of the applicant and shall include
an estimate of the amount of ad valorem tax revenues of each political
subdivision which will be affected by the proposed tax abatement or
exemption, based on the estimated assessed valuation of the real property
involved as such property would exist before and after it is redeveloped.
B.
If no
tax abatement is to be included in the proposed redevelopment plan,
the City shall furnish to the political subdivisions whose boundaries
for ad valorem taxation proposes include any portion of property within
the proposed redevelopment area, a written statement that no tax abatement
or exemption will be granted by the City as a condition for the adoption
of the proposed redevelopment plan and setting forth the date of the
public hearing.
C.
Not less
than fifteen (15) days before a public hearing to consider a redevelopment
plan, there shall be notice published in a newspaper of general circulation
within the City stating:
D.
The applicant for tax abatement or exemption under Chapter 353, RSMo., shall provide or cause to be provided to the City: a complete list of all political subdivisions whose boundaries for ad valorem taxation purposes include any portion of the property to be affected by tax abatement or exemption; the written statement specified in Section 420.010(A)(2) above, in a form approved by the City; and any other information deemed necessary by the City to evaluate the proposed redevelopment plan and comply with the requirements of this Section.
