St. Louis City Revised Code Chapter 3.83 Tax Increment Financing Commission
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Tax Increment Financing Commission
The creation of a nine person commission, as set forth in Section 99.820.2 of the Statute, which shall hereinafter be known as the Tax Increment Financing Commission of the City of St. Louis (the "Commission"), is hereby approved. This Commission shall consist of: two members appointed by the Board of Education of the City of St. Louis; one member appointed by the affected districts, to represent all other districts levying ad valorem taxes within the area selected for a redevelopment project or the redevelopment area, excluding representatives of the governing body of the municipality; and six members appointed by the chief elected officer of the municipality, with the consent of the majority of the governing body of the municipality.
(Ord. 62477 § 2, 1991.)
The Statute refered to in § 3.83.010 is RSMo §§ 99.800-99.865 (1988), "The Rel Property Tax Increment Allocation Redevelopment Act, as amended.
The Mayor is hereby requested to appoint six (6) persons to serve as commissioners of the Commission; provided, however, that each such appointment shall be subject to the consent of a majority of this Board. The commissioners appointed by the Mayor may not then be serving by appointment on any other public board or commission of the City of St. Louis and shall include one commissioner with a degree or experience in finance, one commissioner with a license or experience in real estate and one commissioner with a degree in law.
(Ord. 62477 § 4, 1991.)
Of the commissioners first appointed by the Mayor, two (2) shall be designated to serve on the Commission for terms of two (2) years from the date of their appointment, another two (2) shall be designated to serve on the Commission for terms of three (3) years from the date of their appointment and the remaining two (2) shall be designated to serve on the Commission for terms of four (4) years from the date of their appointment; thereafter, each vacancy resulting from the expiration of a term shall be filled in the same manner as set forth above, and each person so appointed shall be appointed to serve on the Commission for a term of four (4) years except that the initial term of a person appointed to fill a vacancy resulting from the resignation, death or incapacity of a commissioner during an unexpired term shall consist of the unexpired portion of such term.
(Ord. 62477 § 5, 1991.)
The Commission is hereby authorized to exercise all powers which may be exercised by such commissions pursuant to the Statute, as may be revised from time to time, and to adopt bylaws addressing the operations of the Commission which are consistent with the Statute and this ordinance. The Commission shall hold public hearings and provide notice pursuant to Sections 99.825 to 99.830 of the Statute. The Commission shall vote on all proposed redevelopment plans, redevelopment projects and designations of redevelopment areas, and amendments thereto, within thirty days following completion of the hearing on any such plan, project or designation and shall make recommendations to the governing body within ninety days of the hearing referred to in Section 99.825 of the Statute concerning the adoption of, or amendment to redevelopment plans and redevelopment projects and the designation of redevelopment areas. The Commission shall also adopt bylaws governing its proceedings and operations which are consistent with the Statute and this ordinance; provided, however that no bylaws affecting the Commission's proceedings and operations shall be voted on or approved by the Commission without prior written notice to and opportunity to participate and vote by the members of the Commission to be appointed by the Board of Education of the City of St. Louis; provided further however that such limitation shall not prevent the operation of the Commission or the adoption or amendment of bylaws in the event that the Board of Education of the City of St. Louis, after notice, fails to appoint its commissioners.
(Ord. 62477 § 3, 1991.)
It is hereby recognized that the requirements of the Statute as pertain to the number, qualifications, terms and manner of appointment of persons to serve on the Commission may, from time to time, be revised. The Mayor and such other persons as may be directed to act with respect thereto under the Statute in the future are hereby authorized to act in accordance with the Statute, as from time to time revised, so that at all times hereinafter the Commission shall be and remain legally authorized to exercise the powers of a commission under the Statute, without further action of this Board, except to consent to appointments by the Mayor of persons to serve on the Commission.
(Ord. 62477 § 6, 1991.)
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