HomeMy WebLinkAbout2007-019 - Election of Members to the Board of the IDA_ 4
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BILL N0.2007-19 ORDINANCE N0.2007-19
AN ORDINANCE ELECTING MEMBERS TO THE BOARD OF DIIZECTORS OF
THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF RIVERSIDE,
MISSOURI.
WHEREAS, Chapter 349 of the Revised Statutes of Missouri, as amended (the
"Development Corporation Act") authorizes the formation of an industrial development authority
for each city in the State of Missouri; and
WHEREAS, Leland Finley, Cy Houston and Bob Archer, each being natural persons and
duly qualified electors of and taxpayers in Riverside, Missouri (collectively the "Incorporators"),
filed with this Board of Aldermen a written application (the "Application"), including a form of
the Articles of Incorporation ("Articles"), seeking permission to apply for the incorporation of
The Industrial Development Authority of the City of Riverside, Missouri (the "Development
Authorit}~'); and
WHEREAS, the Board of Aldermen, pursuant to Resolution 2007-04, adopted February
20, 2007, found and determined that it was wise, expedient, necessary and advisable that the
Development Authority be formed immediately and authorized the Incorporators to proceed to
form the Development Authority by filing the Articles; and
..~~yy~~ WHEREAS, the Articles were filed with the Office of the Missouri Secretary of State on
/ ~(Q/1, ~ , 2007; and
WHEREAS, it is now desirable to provide for appointment of members to the Board of
Directors of the Development Authority by the chief executive officer of the City with the advice
and consent of the Board of Aldermen all pursuant to the Development Corporation Act;
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE
CITY OF RIVERSIDE, MISSOURI, as follows:
Section 1. That the following persons are hereby elected Directors of the
Development Authority, such persons to commence serving as Directors upon the passage of this
Ordinance:
First Groun of Directors:
Cy Houston
Bob Archer
Second Groun of Directors:
Leland Finely
Harold Snoderly
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Third Group of Directors:
Wayne Snyder
Section 2. That the first term of the Directors included in the first group shall be for
two years, the first term of the Directors included in the second group shall be four years, arid the
first term of the directors included in the third group shall be six years, all as measured from the
date of the formation of the Development Authority.
Section 3. That this Board of Aldermen hereby authorizes its employees and agents
to take such further actions as may be advisable or necessary to implement the foregoing
Ordinance.
Section 4. This Ordinance shall take effect immediately upon its passage and
approval.
PASSED AND APPROVED THIS 6~ DAY OF MARCH, 200
Rose,
Rusick,
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CERTIFICATION
I, the undersigned, duly appointed and acting City
Clerk of and for the City of Riverside, Missouri, do
hereby certify this to be a true copy of a document
presented to the City of Riverside Board of
Alderman on the 6~' day of March, 2007.
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Lo se Rusick, City lerk