[Ord. No. 2304-04 §§1 — 4, 8-17-2004; Ord. No. 2485-06 §1, 8-15-2006; Ord. No. 2671-08 §1, 12-2-2008]
Creation Of Commission. There is hereby created a commission to be known as the "Tax Increment Financing Commission of the City of Smithville, Missouri" (the "Commission").
Authority Of Commission. 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 Act. The Board of Aldermen hereby authorizes and approves the exercise by the Commission of only those powers that are required by the Act to be exercised by the Commission, as follows:
The Commission shall hold public hearings and give notices required to be held or provided by the Commission pursuant to the Act on proposed redevelopment plans, redevelopment projects and designation of redevelopment areas and amendments thereto.
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 of a hearing referred to in Section 99.825 of the Act concerning adoption of or amendment to redevelopment plans, redevelopment projects and/or designation of redevelopment areas.
Organization Of Commission. 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 Commission may establish rules and procedures not in conflict with City ordinances or policies or the Act and shall meet as required to fulfill its obligations set forth in the Act.
Membership. 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 as provided in the 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. The members appointed by the other taxing jurisdictions as provided in the Act shall serve once appointed for such terms as approved by the affected taxing jurisdictions appointing such members
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 Act.