[Ord. No. 2008-12 §1, 2-26-2008]
The Board of Aldermen finds:
It would be in the interest of the public to consider the establishment of a development area in accordance with Sections 99.915 to 99.980 of the Act;
The development of such a development area would be in the interest of the public health, safety, morals or welfare of the residents of Lake Ozark, Missouri; and
It is anticipated that such a development area can be renovated through a series of one (1) or more development projects.
[Ord. No. 2008-12 §§2 — 3, 2-26-2008]
The Board of Aldermen hereby creates a Downtown Economic Stimulus Authority within the meaning of the Act to be known as the Lake Ozark Downtown Economic Stimulus Authority consisting of five (5) Commissioners, plus the Mayor who shall serve as Co-Chair of the Authority as provided by the Act.
The Lake Ozark Downtown Economic Stimulus Authority (the "Authority") will consist of Commissioners as required by the Act, including one (1) Commissioner from any local community development corporation, if one exists in the City, one (1) Commissioner who is an African American business owner in the City, if one exists, and one (1) Commissioner appointed by the school district or districts located within the development area for a term of three (3) years. Those Commissioners of the Authority that by the Act are to be appointed by the Mayor will be appointed by the Mayor with the consent of the Board of Aldermen. A non-voting advisor will be appointed by the other taxing districts located within the development area.
[Ord. No. 2008-12 §4, 2-26-2008]
The Board of Aldermen hereby approves the exercise of the powers, functions and duties of a Downtown Economic Stimulus Authority by the Lake Ozark Downtown Economic Stimulus Authority under Sections 99.915 to 99.980, RSMo., as amended from time to time.
[Ord. No. 2008-12 §5, 2-26-2008]
The Mayor is hereby requested to appoint those Commissioners of the Lake Ozark Downtown Economic Stimulus Authority as are to be appointed by the Mayor pursuant to, and in accordance with, Sections 99.924 and 99.927, RSMo.
[Ord. No. 2008-12 §§6 — 7, 2-26-2008]
The Board of Aldermen recognizes the continuing role of the existing committees, commissions, departments and agencies in the development process and recognizes the Board of Aldermen's continuing role as the final decision maker regarding development projects.
The Board of Aldermen further affirms that all development plans and projects under the Act must be approved by the Board of Aldermen and all activities of the Authority, including the generation and expenditure of revenues, must be in accordance with development plans and projects approved by the Board of Aldermen.