Section 420.010 Procedure For Considering Redevelopment Plans and Tax Abatement or Exemption Pursuant To Chapter 353, Rsmo.
[Ord. No. 7302 §§1 — 4, 5-23-2006]
Not less than fifteen (15) days before a public hearing to consider a redevelopment plan that provides for tax abatement or tax exemption pursuant to Chapter 353, RSMo., the City shall furnish to the political subdivisions whose boundaries for ad valorem taxation purposes include any portion of the property to be affected by tax abatement:
Notice of the scheduled public hearing, which shall include:
The time, date and place of the public hearing;
A general description of the boundaries of the proposed redevelopment area;
A general description of the proposed redevelopment plan;
An invitation to submit comments to the City Council prior to the date of the public hearing concerning matters that will be discussed at the public hearing and to appear at the public hearing and provide comments; and
A statement that all interested persons and all political subdivisions will have the opportunity to be heard on such grant of tax abatement or exemption; and
A written statement of the impact on ad valorem taxes such tax abatement or exemption will have on the political subdivisions, which shall be prepared by or at the direction of the applicant and shall include an estimate of the amount of ad valorem tax revenues of each political subdivision which will be affected by the proposed tax abatement or exemption, based on the estimated assessed valuation of the real property involved as such property would exist before and after it is redeveloped.
If no tax abatement is to be included in the proposed redevelopment plan, the City shall furnish to the political subdivisions whose boundaries for ad valorem taxation proposes include any portion of property within the proposed redevelopment area, a written statement that no tax abatement or exemption will be granted by the City as a condition for the adoption of the proposed redevelopment plan and setting forth the date of the public hearing.
Not less than fifteen (15) days before a public hearing to consider a redevelopment plan, there shall be notice published in a newspaper of general circulation within the City stating:
The applicant for tax abatement or exemption under Chapter 353, RSMo., shall provide or cause to be provided to the City: a complete list of all political subdivisions whose boundaries for ad valorem taxation purposes include any portion of the property to be affected by tax abatement or exemption; the written statement specified in Section 420.010(A)(2) above, in a form approved by the City; and any other information deemed necessary by the City to evaluate the proposed redevelopment plan and comply with the requirements of this Section.