[R.O. 2012 §130.055; Ord. No. 752 §1, 11-21-2006]
There is hereby created a commission to be known as the "Tax
Increment Financing Commission of the City of Knob Noster, Missouri"
(the "Commission").
[R.O. 2012 §130.060; Ord. No. 752 §2, 11-21-2006]
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 TIF Act. The Board of Aldermen hereby authorizes and approves
the exercise by the Commission of only those powers that are required
by the TIF Act to be exercised by the Commission, as follows:
1.
The Commission shall hold public hearings and give notices pursuant
to Sections 99.825 and 99.830 of the TIF Act on proposed redevelopment
plans, redevelopment projects and designation of redevelopment areas
and amendments thereto.
2.
The Commission shall vote on all proposed redevelopment plans, redevelopment
projects and designations of redevelopment areas and amendments thereto
within 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 after a hearing referred to in
Section 99.825 of the TIF Act concerning adoption of or amendment
to redevelopment plans, redevelopment projects and/or designation
of redevelopment areas.
[R.O. 2012 §130.070; Ord. No. 752 §3, 11-21-2006]
The Commission shall elect from among its members a Chairman,
Vice Chairman and Secretary. Meetings of the 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 shall serve as the custodian
of records of the Commission. The Commission may establish rules and
procedures not in conflict with City ordinances or policies or the
TIF Act and shall meet as required to fulfill its obligations set
forth in the TIF Act. City staff shall serve as the staff of the Commission.
[R.O. 2012 §130.080; Ord. No. 752 §4, 11-21-2006]
A.
The
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 Board
of Aldermen, and five (5) of whom shall be appointed by other taxing
districts as provided in the TIF Act. The members appointed by the
Mayor shall serve terms of four (4) years, except two (2) of the initial
appointments shall be for a term of two (2) years and two (2) of the
initial appointments shall be for a term of three (3) years.
B.
Unless
otherwise specified by the Commission in accordance with the TIF Act,
the members appointed by the other taxing districts as provided in
the TIF Act shall serve from the time that the taxing districts are
notified in writing of a proposed redevelopment plan or designation
of a redevelopment area until final approval by ordinance or disapproval
of the redevelopment plan and redevelopment area by the City. In the
event that the Commission holds a public hearing only on a proposed
redevelopment project within an approved redevelopment area, the members
appointed by the other taxing districts as provided in the TIF Act
shall serve from the time that the taxing jurisdictions are notified
in writing of a proposed redevelopment project until final approval
by ordinance or disapproval of the redevelopment project by the City.
C.
The
appropriate officials of the City are hereby directed to provide notice
to other taxing districts of the establishment of the Commission in
the manner required by the TIF Act, and that appointment of TIF Commissioners
by taxing districts will be requested at such time as the Commission
considers a redevelopment plan.
[R.O. 2012 §130.090; Ord. No. 752 §5, 11-21-2006]
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 by 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. 2012 §130.100; Ord. No. 752 §6, 11-21-2006]
In accordance with Section 99.820.1, RSMo., the City hereby
adopts the policy known as Exhibit A (which is on file in the City
offices) as the procedures for considering bids and proposals for
the implementation of redevelopment projects.
