Editor's Note: Ord. no. 08-9-2 has established terms for this commission of tax increment financing to be uniform with the terms of other boards and commissions with terms commencing September 30, 2009.
[R.O. 2012 §160.010; Ord. No. 93-12-9 §1, 12-22-1993]
There is created pursuant to Section 99.820.2 of the Act a Commission to be known as the "Tax Increment Financing Commission of Excelsior Springs, 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.
[R.O. 2012 §160.020; Ord. No. 93-12-9 §2, 12-22-1993]
The Commission shall be composed of nine (9) members to be appointed as follows:
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 districts.
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.
Six (6) members shall be appointed by the Mayor of the City, with the consent of the City Council.
[R.O. 2012 §160.030; Ord. No. 93-12-9 §3, 12-22-1993]
The terms of the members shall be as follows:
The members who are appointed by the school board and other taxing district 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.
With regard to the term of the first six (6) members appointed by the Mayor with the consent of the City Council;
Two (2) shall be designated to serve for terms of two (2) years.
Two (2) shall be designated to serve for terms of three (3) years; and
Two (2) shall be designated to serve for terms of four (4) years.
Thereafter, members appointed by the Mayor with the consent of the City Council shall serve for a term of four years. (All vacancies shall be filled for the unexpired terms in the same manner as were the original appointment).
[R.O. 2012 §160.040; Ord. No. 93-12-9 §4, 12-22-1993]
Those Commission members who are appointed by the school boards 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.
[R.O. 2012 §160.050; Ord. No. 93-12-9 §5, 12-22-1993]
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.
[R.O. 2012 §160.060; Ord. No. 93-12-9 §6, 12-22-1993]
The Commission, shall organize itself and elect from its number a Chairman, Vice Chairman, Treasurer and Secretary, each to serve for one (1) year terms or until their successors are elected.
[R.O. 2012 §160.070; Ord. No. 93-12-9 §7, 12-22-1993]
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.