[Ord. No. 1459, 5-17-2021]
A. Notice.
1. Not less than ten (10) days before a public hearing to consider a
development plan that provides for tax abatement or tax exemption
pursuant to Chapter 353, RSMo., the City or its designee shall furnish
(by hand delivery or by registered or certified mail, return receipt
requested) to the political subdivisions whose boundaries for ad valorem
taxation purposes include any portion of the property to be affected
by tax abatement:
a. Notice of the scheduled public hearing, which shall include:
(1)
The time, date and place of the public hearing;
(2)
A general description of the boundaries of the proposed redevelopment
area;
(3)
A general description of the proposed development plan;
(4)
An invitation to submit comments to the Board of Aldermen 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
(5)
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
b. 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. Publication.
Following oral or written direction to proceed from the City Clerk
or his/her designee shall publish notice in a paper of general circulation,
which shall serve as notice to all interested parties in the area
of the proposed development plan that a public hearing will be held
on a date and time certain, provided that the public hearing shall
not be held less than ten (10) days following publication of the notice
provided for in this Article.
C. Additional Information From Applicant. 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 Subsection
(A)(1)(b) above, in a form approved by the City Clerk; and any other information deemed necessary by the City Clerk or his/her designee to evaluate the proposed development plan and comply with the requirements of this Article.