HomeMy Public PortalAboutORD16020BILL NO. 2019-109
SPONSORED BY Councilman Mihalevich
ORDINANCE NO.
/L2020
AN ORDINANCE OF THE CITY OF JEFFERSON, MISSOURI, APPROVING THE
INCORPORATION OF THE JEFFERSON CITY REDEVELOPMENT CORPORATION
AND DESIGNATING THE CITY'S PROXY FOR PURPOSES OF REPRESENTING
THE CITY'S OWNERSHIP OF ALL OWNERSHIP HOLDINGS IN THE JEFFERSON
CITY REDEVELOPMENT CORPORATION.
WHEREAS, there exists a proposal to create the Jefferson City Redevelopment
Corporation, a redevelopment corporation as provided by the Urban
Redevelopment Corporations Law (Chapter 353, RSMo), to assist in the
redevelopment of certain portions of the City; and
WHEREAS, it is anticipated that once formed, the Jefferson City Redevelopment
Corporation will assume responsibility for incentivizing the redevelopment
of blighted areas within the City according to Development Plans
submitted to it and approved by the City for the development and
redevelopment of approved areas; and
WHEREAS, the City of Jefferson City, Missouri is and/or is to be the holder of all
issued and outstanding shares of capital stock, ownership and holder of
debenture certificates, and desires to designate a proxy, to act in its place
and stead, during any meeting, regular or special, of the shareholders of
Jefferson City Redevelopment Corporation.
NOW, THEREFOREE, BE IT ENACTED BY THE COUNCIL OF THE CITY OF
JEFFERSON, MISSOURI, AS FOLLOWS:
Section 1. The City Administrator (or his designee) is authorized to take all
actions necessary to incorporate a redevelopment corporation, as provided for by
Missouri's Urban Redevelopment Corporations Law (Chapter 353, RSMo) to undertake
the redevelopment of certain portions of the City. Said redevelopment corporation shall
be known as the Jefferson City Redevelopment Corporation, provided that should said
name be unavailable at the time of incorporation, the City Administrator shall have
authority to select an appropriate alternate name.
Section 2. The City Council of Jefferson City, Missouri does hereby designate the
Mayor of the City of Jefferson City, Missouri, as its proxy to act in its place and stead as
to any and all matters which may properly come before a meeting of stockholder or
stockholders, regular or special, of the Jefferson City Redevelopment Corporation. The
City further appoints the City's Director of Finance and the City Administrator to serve
as unpaid directors of the Corporation.
Section 3. This Ordinance shall be in full force and effect from and after the date
of its passage and approval.
Passed: 4171 . r //Oj 000() Approved: TMaAJ1, (7 dO
060A,,es—T
Presiding Officer
ATTEST:
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City Clerk
AA A a 4,
Mayor Carrie Tergin
APPROVED AS TO FORM:
Cit. nselor