[Ord. No. 241-2006 §§1
— 2, 2-21-2006]
A.
The
Petition ("petition") to establish the Big Spring Plaza Community
Improvement District (the "district") as a separate political subdivision
in accordance with Section 67.1401, RSMo., through Section 67.1571,
RSMo., otherwise known as the Missouri Community Improvement District
Act (the "Act") and which is on file in the City offices as Exhibit
1, is hereby approved in its entirety.
B.
The
district is hereby established for the purposes set forth in the petition,
that the district shall have all the powers and authority authorized
by the Act and by the petition, and that the district shall have a
minimum life of twenty (20) years following the effective date of
this Section, after which the district shall continue in perpetual
existence unless and until terminated in accordance with the Act.
