[Ord. No. 616 §1, 9-14-2015]
There is hereby created a commission to be known as the "Tax
Increment Financing Commission of the City of Ironton, Missouri" (the
"TIF Commission").
[Ord. No. 616 §2, 9-14-2015]
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.[1] The Board of Aldermen hereby authorizes and approves the
exercise by the TIF Commission of only those powers that are required
by the Act to be exercised by the TIF Commission, as follows:
A.
The
TIF Commission shall hold public hearings and give notices pursuant
to Sections 99.825 and 99.830 of the Act on proposed redevelopment
plans, redevelopment projects and designation of redevelopment areas
and amendments thereto.
B.
The
TIF Commission shall vote on all proposed redevelopment plans, redevelopment
projects and designations of redevelopment areas and amendments thereto,
and in connection therewith, make a determination as to the financial
feasibility of the project to the extent required by Section 99.810
of the Act. The vote shall occur within 30 days following completion
of a hearing on any such plan, project designation or amendment. The
TIF Commission shall make recommendations to the City within 90 days
of a hearing.
[1]
Editor's Note: "The Act" refers to the Real Property Tax Increment
Allocation Redevelopment Act, Sections 99.800 to 99.865, RSMo.
[Ord. No. 616 §3, 9-14-2015]
The TIF Commission shall elect from among its members a Chairman, Vice Chairman and Secretary. Meetings of the TIF Commission shall be open to the public to the extent provided by law and a record shall be kept of each meeting. The City Clerk is hereby designated as the custodian of records of the TIF Commission for purposes of Chapter 610 of the Revised Statutes of Missouri, as amended. The TIF 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.
[Ord. No. 616 §4, 9-14-2015]
The TIF Commission shall consist of eleven members, six of whom
shall be appointed by the Mayor with the consent of a majority of
the Board of Aldermen, and five of whom shall be appointed as provided
in the Act. The members appointed by the Mayor shall serve terms of
two, three, or four years. The members appointed by the other taxing
jurisdictions as provided in the Act shall serve from the time that
the affected school district, county and other taxing jurisdictions
are notified in writing of a proposed redevelopment plan or designation
of a redevelopment area until final approval or disapproval of the
redevelopment plan, redevelopment project or designation of a redevelopment
area by the City.
[Ord. No. 616 §5, 9-14-2015]
It is the policy of the City to consider the use of tax increment
financing for those projects that demonstrate a substantial and significant
public benefit resulting from one or more of the following: eliminating
blight, financing desirable public improvements, strengthening the
employment and economic base of the City and other taxing jurisdictions,
increasing property values, reducing poverty, creating economic stability,
upgrading older neighborhoods and areas, and facilitating economic
self-sufficiency.
[Ord. No. 616 §6, 9-14-2015]
The City hereby adopts the following procedures for bids and
proposals for the implementation of redevelopment projects:
A.
The
City or the TIF Commission shall solicit proposals with respect to
the implementation of each proposed redevelopment project.
B.
Each
request for proposals, or notice thereof, shall be published in a
newspaper of general circulation in the City. Each request for proposals
shall provide at least 30 days for the submission of a proposal.
C.
Criteria
for the selection of proposals will include the impact of the proposed
project on the City and other taxing jurisdictions, including the
projected term for which tax increment financing will be utilized.
The City or the TIF Commission may establish such additional criteria
as it deems appropriate for the selection of bids and proposals. The
City or the TIF Commission shall provide reasonable opportunity for
any person to submit alternative proposals or bids.
[Ord. No. 616 §7, 9-14-2015]
The TIF Commission is hereby convened for the purpose of considering
a redevelopment plan for the City's downtown area, commercial districts,
and industrial districts. The City's staff and consultants are hereby
directed and authorized to contact the applicable taxing districts
to request appointments to the TIF Commission and to take all actions
necessary or desirable to schedule meetings of the TIF Commission.
