[1]
Editor's Note: R.O. 2016 Article I, Boards, Commissions and Committees (§§ 140.010 through 140.030), which immediately preceded this Article, was repealed by the City during the 2021 recodification project. This Article, formerly Article II (§§ 140.040 through 140.090), and the Sections herein were renumbered.
[R.O. 2016 § 140.040; Ord. No. 426-02 § 1, 8-13-2002]
The City Council hereby ratifies
and confirms the creation of the commission established pursuant to
Ordinance Number 119-96, which shall be known as the "Tax Increment
Financing Commission of Park Hills, Missouri" (the "TIF Commission").
[R.O. 2016 § 140.050; Ord. No. 426-02 § 2, 8-13-2002]
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.[1] The City Council 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,
RSMo., on proposed redevelopment plans, redevelopment projects and
designation of redevelopment areas and amendments thereto.
2.
The TIF Commission shall vote on
all proposed redevelopment plans, redevelopment projects and designations
of redevelopment areas and amendments thereto with 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 99.825, RSMo., concerning
adoption of or amendment to redevelopment plans, redevelopment projects
and/or designation of redevelopment areas.
[1]
Editor's Note: See the Real Property Tax Increment Allocation
Redevelopment Act, § 99.800 et seq., RSMo.
[R.O. 2016 § 140.060; Ord. No. 426-02 § 3, 8-13-2002]
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, RSMo., 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.
[R.O. 2016 § 140.070; Ord. No. 426-02 § 4, 8-13-2002]
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 City Council, 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(s) and
other affected 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.
[R.O. 2016 § 140.080; Ord. No. 426-02 § 5, 8-13-2002]
It shall be the policy of the City
to consider the use of tax increment financing for those projects
which 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.
[R.O. 2016 § 140.090; Ord. No. 426-02 § 6, 8-13-2002]
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 shall
state the primary objectives of the proposed redevelopment area or
redevelopment project.
3.
Each request for proposals shall
provide reasonable opportunity for any person to submit alternative
proposals or bids.
4.
Each request for proposals shall
be mailed to those persons or firms which the City or the City's planning
consultant determines might be interested in submitting a bid and
shall be published in a newspaper of general circulation in the City.
Each request for proposals shall provide at least fifteen (15) days
for the submission of a proposal.
5.
Each proposal must demonstrate that
"but for" the use of tax increment financing, the project is not feasible
and would not be completed.
6.
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.
