[R.O. 2006 §180.010; Ord. No. 2073 §1, 6-16-1997]
There is hereby created a commission to be known as the "Tax
Increment Financing Commission of the City of Fenton, Missouri" (the
"Commission").
[R.O. 2006 §180.020; Ord. No. 2073 §2, 6-16-1997]
The Board of Aldermen hereby authorizes and approves the exercise
by the Commission of only those powers that are required by the Real
Property Tax Increment Allocation Redevelopment Act to be exercised
by the Commission.
[R.O. 2006 §180.030; Ord. No. 2073 §3, 6-16-1997]
The Mayor is hereby directed to appoint six (6) representatives
to the Commission, with the consent of the majority of the Board of
Aldermen. 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 Real Property Tax Increment
Allocation Redevelopment Act.
