[Ord. No. 04-1544 §1, 11-1-2004]
There is hereby created a Commission to be known as the "Tax
Increment Financing Commission of the City of Manchester, Missouri"
(the "Commission") pursuant to Section 99.820.2 of the Real Property
Tax Increment Allocation Redevelopment Act (the "Act") of the Revised
Statutes of Missouri.
[Ord. No. 04-1544 §2, 11-1-2004]
A.
The Commission
shall be composed of twelve (12) members to be appointed as follows:
1.
Six
(6) members shall be appointed by the Mayor, with the consent of the
majority of the members of the Board of Aldermen.
2.
Two
(2) members shall be appointed by the school boards whose districts
are included within the redevelopment plan or redevelopment area.
Such members shall be appointed in any manner agreed upon by the affected
districts.
3.
One
(1) member shall be appointed, in any manner agreed upon by the affected
districts, to represent all districts levying ad valorem taxes within
the area selected for a redevelopment project or the redevelopment
area, excluding representatives of the Board of Aldermen of the City
of Manchester.
4.
Three
(3) members shall be appointed by the County Executive for St. Louis
County, Missouri, with the consent of the majority of the members
of the County Council.
[Ord. No. 04-1544 §3, 11-1-2004]
Two (2) members of the Commission shall initially be designated
to serve for terms of two (2) years, two (2) members shall initially
be designated to serve for terms of three (3) years and two (2) members
shall initially be designated to serve for terms of four (4) years.
Thereafter, members appointed to the Commission shall serve for a
term of four (4) years.
[Ord. No. 04-1544 §4, 11-1-2004]
The Commission shall exercise only those powers that are required
by the Act to be exercised by the Commission.
[Ord. No. 04-1544 §5, 11-1-2004]
The Commission, upon effective date of this Section, shall organize
itself and elect from its number a Chairperson, Vice-Chairperson,
and Secretary, each to serve for a term of one (1) year or until their
successors are duly elected and qualified.
[Ord. No. 04-1544 §6, 11-1-2004]
The Commission shall meet regularly and shall adopt such rules
and regulations to enable it to maintain an orderly procedure for
its business and to effectively and to efficiently exercise the powers
authorized by the Act and delegated to it by the Board of Aldermen.
[Ord. No. 04-1544 §7, 11-1-2004]
The Commission shall keep records and minutes of its meetings and shall report at least annually to the Board of Aldermen with regard to its activities. In all respects, the Commission shall comply with the regulations of Chapter 610 of the Revised Statutes of Missouri (The Sunshine Act), to the extent applicable.
[Ord. No. 04-1545 §§1
— 2, 11-1-2004]
A.
General Policy. It is the policy of the City to consider
the use of tax increment financing for those projects which demonstrate
a substantial and significant public benefit resulting from one or
more of the following: 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.
B.
Procedures For Bids And Proposals. The City hereby adopts
the following procedures for bids and proposals for the implementation
of redevelopment projects:
1.
The
City or the Commission shall solicit proposals with respect to the
implementation of each proposed redevelopment project.
2.
Each
request for proposals shall state the primary objectives of the proposed
redevelopment area or redevelopment project.
3.
Each
request for proposals (or notice thereof) shall be mailed to those
persons or firms which the City or the City's planning consultant
determines might be interested in submitting a bid, and shall be published
in a newspaper of general circulation in the City. Each request for
proposals shall provide at lease thirty (30) days for the submission
of a proposal.
4.
Each
proposal must demonstrate that "but for" the use of tax increment
financing, the project is not feasible and would not be completed.
5.
Criteria
for the selection of proposals will include the impact of the proposed
project on the City and other taxing jurisdictions, including the
projected term for which tax increment financing will be utilized.
The City or the Commission may establish such additional criteria
as it deems appropriate for the selection of bids and proposals. The
City or the Commission shall provide reasonable opportunity for any
person to submit alternative proposals or bids.
