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BILL NO. 91-149
SPONSORED BY COUNCILMAN HALSEY, VINCENT
ORDINANCE NO. 11701
AN ORDINANCE OF THE CITY OF JEFFERSON,MISSOURI,ADDING SECTIONS
7-270, 7-271, 7-272, 7-273, 7-274, 7-275, AND 7-276 OF THE CODE OF THE CITY
OF JEFFERSON, MISSOURI, CREATING A COMMISSION TO BE KNOWN AS
THE TAX INCREMENT FINANCING COMMISSION; PROVIDING FOR TERMS
FOR COMMISSION MEMBERS; AND AUTHORIZING THE EXERCISE OF
POWERS.
WHEREAS, the General Assembly, in RSMo. Sections 99.800 to 99.865,
enacted the "Real Property Tax Increment Allocation Redevelopment Act", which act
is now effective and
WHEREAS, RSMo. Section 99.820(11) of that Act authorizes the governing
body of a municipality to create a Commission to be appointed by the chief executive
officer of the municipality, with the consent of the majority of the governing body of
the municipality, to serve such terms as may be provided by ordinance; and
WHEREAS, the Council desires to provide for such Commission, its numbers
and terms, and desires to authorize the exercise of power under the aforementioned
T,kf, act; NOW, THEREFORE,
BE IT ENACTED BY THE COUNCIL OF THE CITY OF JEFFERSON, MISSOURI,
AS FOLLOWS:
Section 1. Chapter 7, Article I, Division 17, Tax Increment Financing
Commission, of the Code of the City of Jefferson, Missouri, hereby adds Sections 7
-
270, 7-271, 7-272, 7-273, 7-274, 7-275, and 7-276 to read as follows:
Sec. 7-270. Established.
The Tax Increment Financing Commission is hereby established.
Sec. 7-271. Membership.
The Tax Increment Financing Commission is to be composed of six members,
to be appointed by the Mayor, with the consent of the Council, to serve without
compensation for terms of four years except as provided hereinafter, which members
shall be referred to as the "Board".
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From time to time, when the designation of a specific redevelopment area or
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pproval of a redevelopment plan or project, or an amendment to an existing '
redevelopment area, plan or project, or an amendment to an existing redevelopment {
area, plan or project is proposed, a nine member commission shall exist for the
,1 purpose of considering such proposal.
4+ Membership on such nine member commission shall consist of the Board
u appointed by the Mayor, with the approval of the Council, two members who are to
serve by appointment of the school boards whose districts are included within the
redevelopment area, plan or project, and one member who shall be appointed by the ,
other affected districts in any manner agreed upon by them to represent all other
districts levying ad valorem taxes within the area selected for a redevelopment
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project or the redevelopment area. k
' + Sec. 7-272. 'Term of Membership. f
The terms of the six members appointed by the City shall be for four years
except as hereinafter provided. Initially two members shall serve for a term of two
years; two members shall serve for a term of three years; and two members shall
ta serve for a term of four years. After the initial terms are served, the terms of the
members shall each be for four years.
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The two members of the nine member Commission who represent the school
boards and the one member who represents all other ad valorem taxing districts shall
' serve for a term to coincide with the length of time a redevelopment project,
p p designation of a redevelopment area is considered for approval
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redevelopment plan,or desi
by the Commission. Such term shall begin upon notification to the school district or
taxing jurisdiction of the project and shall terminate upon final approval of the a
project, plan or designation of the area by the Council.
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Sec. 7-273. Officers. {
^. The Board shall elect from its number a Chairman and a Vice-Chairman and
may also elect a Secretary and Treasurer who need not be members of the
' Commission; the terms of all officers shall be for a period of one year or until their
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successors are elected.
Sec. 7.274. Delegation of Powers.
The Council does hereby authorize and approve the exercise by the Commission
of all of the powers delegable under the Real Property Tax Increment Allocation
Redevelopment Act and in particular those enumerated in RSMo. Section 99.820.
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Sec. 7-275. Meetings; Rules and Regulations
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 Council.
Sec. 7-276. Annual Report.
The Board shall make an annual report to the City Council giving a full
account of its business and its accomplishments.
Section 2. This Ordinance shall be in full force and effect from and after the date
of its passage and approval.
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4 3, Approved/99� / / 9
Passed �
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'ATTEST:
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'City Clerk
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