[Ord. No. 2399 §§1—4, 9-20-2010]
A.
The Board
of Directors will meet as needed, however, not less than once per
year, to review all completed Enhanced Enterprise Zone applications
for approvals.
B.
Each
member of the Board will serve without compensation and, upon establishment,
elect a Chairperson.
C.
Initial
appointment of the Board members shall be made on a staggered term
basis with one (1) member serving a two (2) year term, two (2) members
serving a three (3) year term and two (2) members serving a four (4)
year term. The school district and effected taxing jurisdiction members
will serve a term of five (5) years. Thereafter, members appointed
shall serve five (5) years, except all vacancies shall be filled for
unexpired terms in the same manner as with the original appointment.
D.
The Board's
responsibilities include advising the Board of Aldermen on the designation
of the Enhanced Enterprise Zone and any other advisory duties as determined
by the Board of Aldermen; review and assess applications within the
Enhanced Enterprise Zone; and submit an annual report to the Missouri
Department of Economic Development regarding the status of the Zone
and business activity therein.
