[Ord. No. 310 §1, 11-16-1987]
There be and is hereby created a Commission to be known at the
"Tax Increment Financing Commission of St. John, Missouri" which Commission
shall have continuous and perpetual existence unless and until terminated
by action of this City Council.
[Ord. No. 310 §2, 11-16-1987; Ord. No. 424 §1, 3-2-1992]
The Tax Increment Financing Commission of St. John, Missouri,
will be composed of six (6) members appointed by the Mayor, who may
also be members of the City Council of the City of St. John, Missouri,
with the consent of the majority of the City Council to serve without
compensation. Nothing in this Section shall bar Commission members
from being reimbursed for reasonable out-of-pocket expenses. Two (2)
other members appointed by the School Boards which district is included
within the redevelopment area will be appointed after the submission
of a redevelopment plan and one (1) more member representative will
be appointed to represent all other taxing districts levying ad valorem
taxes within the area. The members who are appointed by the School
Boards and other taxing districts shall serve on the Commission for
a term to coincide with the length of time a redevelopment project,
redevelopment plan or designation of a redevelopment area, is considered
for approval by the Commission. Such term shall terminate upon final
approval of the project, plan or designation of the area by the Governing
Body of the Municipality. Thereafter the Commission shall consist
of the six (6) members appointed by the Municipality, except that
members representing School Boards and other taxing districts shall
be appointed as provided in this Section prior to any amendments to
any redevelopment plans, redevelopment projects or designation of
a redevelopment area. If any school district or other taxing jurisdiction
fails to appoint members of the Commission within thirty (30) days
of receipt of written notice of a proposed redevelopment plan, redevelopment
project or designation of a redevelopment area, the remaining members
may proceed to exercise the power of the Commission.
[Ord. No. 310 §3, 11-16-1987, Ord. No. 424 §1, 3-2-1992]
Of the members first appointed by the Municipality, two (2)
shall be designated to serve for terms of two (2) years, two (2) shall
be designated to serve for a term of three (3) years, and two (2)
shall be designated to serve for a term of four (4) years from the
date of such initial appointments. Thereafter, the members appointed
by the Municipality shall serve for a term of four (4) years, except
that all vacancies shall be filled for unexpired terms in the same
manner.
[Ord. No. 310 §4, 11-16-1987]
The City Council does hereby authorize and approve the exercise
by the Commission of all of the powers delegated under the Real Property
Tax Increment Allocation Redevelopment Act as amended and in particular
those enumerated in Section 99.820 thereof.
[Ord. No. 310 §5, 11-16-1987]
The Commission, upon the effective date, November 16, 1987,
of this Chapter, shall organize itself and elect from its number a
Chairman, Vice-Chairman, Treasurer and Secretary, and such other officers
as it deems necessary, each to serve for one (1) year terms or until
their successors are elected.
[Ord. No. 310 §7, 11-16-1987]
The Commission shall meet regularly and shall adopt such rules
and regulations for operation as shall enable it to maintain an orderly
procedure for its business and to effectively and efficiently exercise
the powers authorized by the Statute and delegated to it by the City
Council.
[Ord. No. 310 §8, 11-16-1987]
The Commission shall keep records and minutes of its meetings
and shall report annually to the City Council respecting its activities.
[Ord. No. 310 §9, 11-16-1987]
A.
There
is hereby established the St. John, Missouri, Development Account
which shall be a separate account within the accounts and budgets
of the City of St. John, and which shall be under the general control
of the Commission subject to the approval of this City Council prior
to the disbursement of funds which approval may be general in nature
when done pursuant to a plan for use of funds over a period of time.
This Development Account may have numerous subaccounts with various
restrictions established by this City Council, the Commission or as
may be required by the terms under which the funds are obtained by
the Commission, and which funds shall be used solely by this municipality
to pursue its economic and redevelopment public purposes and not for
the general operation of the City or any other purposes, as directed
by the Commission and approved by the City Council of this City. This
account or its subaccounts shall be the depository for the borrowings,
receipts and any other earnings, grants, donations, advances, proceeds
of sale, income, or other cash funds and the interest earnings thereon,
received by the Commission in its operations. These special funds
shall not lapse if undisbursed at the end of each Municipal Fiscal
Year.
B.
Funds
accumulated within said Account shall be administered by the Commission
or the administrator it designates by Resolution pursuant to the guidelines
for the Development Account attached to Ordinance 310 as Exhibit A
and on file in the office of the City Clerk.
[Ord. No. 310 §10, 11-16-1987]
The City hereby appropriates from the uncommitted General Funds
of the City of St. John, twenty-thousand dollars ($20,000.00) to be
loaned to the Industrial Development Authority of the City of St.
John on the condition that said funds be re-loaned to the Commission
hereby formed. The funds so advanced hereby are to be secured by a
second (2nd) deed of trust on property owned by the industrial Development
Authority of St. John and which property is more fully described in
Exhibit B of Ordinance 310 and on file in the office of the City Clerk.
The second (2nd) deed of trust shall be in a form and its terms shall
be substantially in the form of Exhibit C of Ordinance 310 and on
file in the office of the City Clerk. However these funds are to be
repaid to the Industrial Development Authority of the City of St.
John for repayment to the General Funds of the City at the earliest
possible date from the revenues of the Commission pursuant to a note
attached as Exhibit D of Ordinance 310 and on file in the office of
the City Clerk. The Commission is hereby authorized to disburse said
funds for the retention of its attorney and its initial operating
and other profession expenses.
[Ord. No. 310 §11, 11-16-1987]
The City Manager, Mayor and other officers of the City of St.
John and the Commission when organized are hereby authorized to execute
such documents and agreements with the said Industrial Development
Authority and others as are necessary to complete the intents and
purposes of this Chapter.
